Latest news with #NilsonReport
Yahoo
15-05-2025
- Business
- Yahoo
Euronet Teams Up With Visa to Boost Global Money Transfers
Euronet Worldwide, Inc.'s EEFT Money Transfer unit recently entered into a partnership with the leader in digital payments, Visa Inc. V. The unit includes Ria Money Transfer, Xe and Dandelion. This collaboration will enable Euronet to integrate Visa Direct into its services, enhancing its reach and expanding its Dandelion network to support real-time payouts to more than 4 billion debit cards. EEFT customers can now transfer money directly to Visa debit cards worldwide within minutes, using only the recipient's name and card number. The transaction process is secured by Visa's state-of-the-art payment security protocols alongside Euronet's rigorous compliance standards, ensuring safety and convenience for both senders and recipients. The recent collaboration is expected to enhance the digital capabilities of Dandelion, which span more than 3.2 billion mobile wallets, 4 billion bank accounts and 624,000 physical locations in nearly 200 countries and territories. Moreover, the move of integrating Visa Direct in Euronet's services to aid the debit cardholders seamlessly and securely transfer money across any corner of the globe seems to be a time-opportune one amid the widespread usage of debit cards for conducting purchases. It will also enable EEFT's Money Transfer segment to stay aligned with modern payment trends, offering a more comprehensive and agile digital payout infrastructure. Per the World Bank, more than half of the people aged 15 and above possess a debit card. The Nilson Report projects that global debit and prepaid card purchases are likely to exceed $1.1 trillion by 2029. Dandelion's enhanced capabilities as a result of the latest initiative are expected to benefit the Money Transfer segment. Dandelion is a premier platform specializing in real-time cross-border payments. It enables seamless transaction processing and settlement for both individuals and businesses, offering diverse payout options such as direct bank deposits, cash pickups and mobile wallet credits. The platform serves as the payment infrastructure behind brands like Xe and Ria, while also supporting a wide network of third-party banks, fintech companies and major technology firms. Revenues in the Money Transfer unit advanced 9% year over year in the first quarter of 2025. The segment processed transactions of 44.6 million in the quarter, up 10% year over year. Shares of Euronet have gained 7.1% year to date against the industry's 2.7% decline. EEFT currently carries a Zacks Rank #3 (Hold). Image Source: Zacks Investment Research Some better-ranked stocks in the Finance space are Capital Bancorp, Inc. CBNK and Enterprise Financial Services Corp EFSC, each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. The bottom line of Capital Bancorp outpaced estimates in two of the last four quarters and missed the mark twice, the average surprise being 14.78%. The Zacks Consensus Estimate for CBNK's 2025 earnings indicates an improvement of 28.6% from the 2024 figure. The consensus mark for revenues implies growth of 32.4% from the 2024 figure. The consensus mark for CBNK's earnings has moved 10.4% north in the past 30 days. Enterprise Financial Services earnings outpaced estimates in each of the trailing four quarters, the average surprise being 12.79%. The Zacks Consensus Estimate for EFSC's 2025 earnings indicates an improvement of 6.6% from the 2024 figure. The consensus mark for revenues implies growth of 5.5% from the 2024 figure. The consensus mark for EFSC's earnings has moved 5.5% north in the past 30 days. Capital Bancorp stock has gained 15.4% year to date. However, shares of Enterprise Financial Services have lost 3.4% in the same time frame. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Visa Inc. (V) : Free Stock Analysis Report Euronet Worldwide, Inc. (EEFT) : Free Stock Analysis Report Enterprise Financial Services Corporation (EFSC) : Free Stock Analysis Report Capital Bancorp, Inc. (CBNK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-04-2025
- Business
- Yahoo
U.S. Bank's Elavon Jumps Two Spots in 2025 Nilson Report Ratings
Payments leader moves from 7th to 5th in latest report, spotlighting payments growth as ranked by Mastercard and Visa purchase volume MINNEAPOLIS, April 09, 2025--(BUSINESS WIRE)--Elavon, the merchant services payment provider of U.S. Bank, has moved up two spots in the 2025 Nilson Report to become the fifth-largest U.S. merchant acquirer and the second-largest bank-owned acquirer as ranked by Mastercard and Visa purchase volume. The Nilson Report, a stalwart of news and analysis of the global card and mobile payment industry, released the rankings at the beginning of April. Per the Nilson Report (Issue 1282, March 2025), Elavon is the fifth-largest acquirer of Visa and Mastercard volume in the United States, up from seventh in the prior year. For total purchase volume (Visa, Mastercard, and other credit and pin-debit), Elavon is the sixth-largest provider in the United States, up from seventh. Elavon remained the fourth-largest acquirer of card-not-present purchase volume, an indicator of eCommerce sales. "Our innovative, tech-led payment products and solutions are valuable to businesses we serve, from your favorite local restaurant or shop to some of the largest hospitality brands and airlines in the world," said Jamie Walker, chief executive officer at Elavon. "We intend to continue to deliver what our clients need and solve the business and payment processing challenges they face." Elavon is a global payments leader, processing more than $576 billion in transactions worldwide annually. Backed by U.S. Bank, the fifth-largest commercial bank in the United States, Elavon offers a broad range of technologies and scalable payment solutions to businesses of all sizes. Elavon provides payment processing to eight of the Top 10 airlines globally and is the trusted payments partner for seven of the Top 10 largest U.S. hotel brands. Elavon has secured a number of strategic partnerships in recent years, resulting in increased purchase volume and customer growth. These partnerships include Delta Air Lines Tap-to-Pay on iPhone integration, Virgin Atlantic, Southeast Pennsylvania Transit Authority (SEPTA), the California Restaurant Association, and many others. Salucro, the healthcare payments company acquired by U.S. Bank in 2024, has been an attractive addition for clients and prospects in the healthcare sector. In addition, Elavon has recently launched innovative payment products and solutions, including its Avvance point-of-sale lending solution, Elavon Payments Gateway as a unified, digital, cloud-based payments solution, and talech terminal as a simple point-of-sale solution to help small businesses more efficiently run their businesses. "As the payments landscape continues to evolve at lightning speed, we are on the forefront of delivering solutions that businesses—no matter their size or industry—seek to ensure a seamless, simple payment experience for their customers," Walker said. For more information, visit About Elavon Elavon is owned by U.S. Bank (NYSE: USB), the fifth-largest bank in the United States. It provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, and Canada. As the leading provider for airlines and a top five provider in hospitality, healthcare, retail, and public sector/education, Elavon's innovative payment solutions are designed to solve pain points for businesses from small to the largest global enterprises. About U.S. Bancorp U.S. Bancorp, with more than 70,000 employees and $678 billion in assets as of December 31, 2024, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses, including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2024 World's Most Ethical Companies and Fortune's most admired superregional bank. Learn more at Deposit products are offered by U.S. Bank National Association. Member FDIC. Services may be subject to credit approval. Eligibility requirements, restrictions and fees may apply. See a business banker for details. View source version on Contacts Media Contact: Joseph 919.260.2994
Yahoo
19-03-2025
- Business
- Yahoo
Merchant Processing Fees in the United States Exceeded $187 Billion in 2024
SANTA BARBARA, Calif., March 19, 2025 (GLOBE NEWSWIRE) -- Credit, debit and prepaid cards issued in the US were used to pay for $11.903 trillion in goods and services in 2024, a new record. Also a record was the $187.20 billion in processing fees US merchants paid to accept card payments, according to the Nilson Report, the leading publication for executives in the global payment card industry. 'For every $100 in card payments merchants accepted in 2024, they paid $1.57 in fees to the companies that issue cards and process transactions,' said David Robertson, Publisher of the Nilson Report. 'Over the last 10 years, the weighted average has fluctuated between 1.45% and 1.57%.' Purchase volume on credit cards alone reached $6.464 trillion last year on cards carrying the American Express, Discover, Mastercard and Visa brands plus store, gasoline, medical and other types of private label credit cards. That number was up 5.1% over 2023. Merchants paid $148.52 billion in processing fees to accept those credit cards, up 9.3% from 2023. US debit and prepaid cards accounted for $5.439 trillion in purchase volume in 2024, up 6.7%. To accept payments using debit and prepaid cards, merchants paid $38.68 billion, also an increase of 6.7%. ABOUT THE NILSON REPORTFor more than 54 years, the Nilson Report has been the most respected provider of statistics and news about the global payment card industry. Available worldwide by subscription only, the Nilson Report does not accept advertising of any kind, nor can any company pay to be featured on its website or in its publications. For more information or to request an interview with David Robertson, contact: Lori Fulmer, lfulmer@ Visit to begin a free trial in to access your portfolio
Yahoo
06-03-2025
- Business
- Yahoo
JP Morgan Tops Nilson Report Ranking of US Credit Card Issuers
The 10 largest issuers generated $5.064 trillion in card spending in 2024 SANTA BARBARA, Calif., March 06, 2025 (GLOBE NEWSWIRE) -- Purchase volume—spending for goods and services—for Visa, Mastercard, American Express and Discover credit cards issued in the US reached $6.136 trillion in 2024, up 5.3% over 2023. For the sixth year in a row, JP Morgan Chase was the top issuer, based on more than $1.344 trillion in purchase volume. American Express ranked second largest with $1.168 trillion in purchase volume, and Citi, which ranked third, had $616.10 billion. Capital One and Bank of America rounded out the top five. 'There are more than 4,500 financial institutions in the US. The 5 largest accounted for 69.1% of all spending on credit cards last year,' said David Robertson, Publisher of the Nilson Report. 'The 10 largest issuers accounted for more than 82.5%.' Outstanding credit card receivables—unpaid balances—on American Express, Discover, Mastercard and Visa credit cards reached $1.346 trillion at year-end 2024, up 7.9%. 'Outstanding debt on cards is growing faster than spending, indicating that some consumers are falling behind on their obligations,' said Robertson. The number of Visa, Mastercard, American Express and Discover credit cards in circulation was 942 million at year-end 2024. The number of in-store and online locations in the US where those cards could be used to make purchases of goods and services reached 34 million. ABOUT THE NILSON REPORTFor more than 54 years, the Nilson Report has been the most respected provider of statistics and news about the global payment card industry. Available worldwide by subscription only, the Nilson Report does not accept advertising of any kind, nor can any company pay to be featured on its website or in its publications. For more information or to request an interview with David Robertson, contact: Lori Fulmer, lfulmer@ Visit to begin a free trial in to access your portfolio
