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APRIL 2013 NAVIGATOR
ALSO IN THIS ISSUE
Q1 2013: U.S. Credit Card Issuer Performance Snapshot
The nation’s largest credit card issuers reported strong profits in the first quarter of 2013, but the lack of asset and revenue growth is a common, recurring theme while purchase volumes increased compared to the prior year. Many credit card issuers continue to post receivables declines as loan demand is clearly soft and issuers remain cautious at marketing to the lower ends of the risk spectrum....

IN THE NEWS
Digital Transactions, April 2013
Is the National Merchant Market Near an End Game?
It has long been the conventional wisdom in U.S. acquiring that the large merchant market was the most difficult, lowest-margin, most commoditized part of the business. Large
PRESS RELEASE
First Annapolis Advises Target on Credit Card Portfolio Sale to TD Bank Group
March 13, 2013 MINNEAPOLIS:  Target Corporation (NYSE:TGT) announced today that it has completed the sale of its entire consumer credit card portfolio to TD Bank Group (TSX
Paybefore.com
First Annapolis Received Industry Service Award Recognizing Contributions to the Prepaid Market
Paybefore presented special Industry Service Awards to recognize colleagues for their outstanding service to the industry during the past year. Sponsored by The Bancorp Bank,
PRESS RELEASE
First Annapolis Advises Heartland Payment Systems on Sale of Collective Point of Sale Solutions to Elavon
ATLANTA, GA – February 5, 2013 – Elavon, a leading global payments provider and wholly-owned subsidiary of U.S. Bancorp (NYSE: USB), has acquired Collective Point of


RESEARCH REPORTS
2012 Mobile Banking and Payments Study
First Annapolis Consulting announces the release of its 2012 Mobile Banking and Payments Study. The 3rd edition of the study analyzes year-over-year data, providing a linear perspective of the developments and trends occurring in mobile banking and payments.
2012 Person-to-Person (P2P) Payments Study
2012 Person-to-Person (P2P) Payments Study: Evaluating the P2P payments landscape and leading solutions. This study provides a data-driven analysis on the functionality, performance, business-models, and pricing present in the P2P market.
2012 Top 100 Retailer Mobile Payments and Marketing Study
2012 Top 100 Retailer Mobile Payments and Marketing Study: Tracking how mobile is driving new promotional opportunities and payment choices at the virtual and physical points of sale.
2011 Mobile Person-to-Person (P2P) Payments Study
The report provides unique insights into how leading providers of P2P services are leveraging mobile technology and capabilities to offer market-competitive mobile P2P offerings.
2011 U.S. Merchant Acquirer Pricing Survey
The 2011 Acquirer Pricing Study is a data intensive look at pricing rates and strategies for small merchants (<$10 million in annual volume) and provides unique insights into how banks are currently pricing small merchants.
2010 Mobile Banking and Payments Study
The report is the first data-intensive study of its kind and will provide unique insights into how banks currently leverage mobile as a new channel to reach consumers.
PAST ISSUES OF THE NAVIGATOR

 

MARCH 2013 Navigator

The Resurgence of the ATM Channel: Leading Banks’ ATM Strategies in 2012
People are talking about ATMs again. And not just as a cost center to be managed or a mature asset to be maintained, but as an investment priority, and increasingly, as a competitive imperative. ATMs are not the profit...
TSYS/ NetSpend Transaction Offers Strong Signal of Prepaid’s End Game
The recently announced acquisition of NetSpend by card processing giant TSYS is arguably the highest profile and most important transaction in the history of the prepaid industry.  Not only does the deal mark a dramatic...
Field Notes from the Isis Pilot
Nearly three years since rumors began to swirl that the major mobile network operators (MNOs) sought to provide NFC payments, the Isis mobile wallet finally launched in late October 2012.  While the initial rollout is...
Commercial Cards: Delivery Models Matter
As commercial cards, central travel accounts, and non-plastic virtual accounts continue to gain in popularity, financial institutions (FIs) with significant commercial banking activities are increasingly asking the question: ...
Outsourcing Servicing Functions to Credit Card Processors
The prevailing operating model for the largest consumer credit card issuers in the U.S. is to deliver key portfolio servicing functions (e.g., customer service, collections, etc.) in-house or, in the case of the very largest...
Employee Incentive Cards: The Open-Loop Advantage
Prepaid comprises the fastest growing segment of the U.S. debit market, driven largely by increasing penetration into existing markets. This trend is visible in the employee incentives space, where prepaid cards—in...
Payments Industry Stock Price Tracker
Figure 1 is the March Payments Industry Stock Price Tracker.  The chart measures current stock prices and market caps (as of March 20, 2013) as well as movement over the last 30 days, and year-to-date.  Breaking...

 

JANUARY / FEBRUARY 2013 Navigator

Debit in 2013: Life after Durbin
As the first full year with the Durbin Amendment in effect, 2012 was a transformational year for the debit card market.  Regulated debit issuers experienced a significant reduction in revenue, experimented with new fees,...
Q4 2012: U.S. Credit Card Issuer Performance Snapshot
After a protracted decline beginning in mid-2009*, weighted average industry loss rates experienced a plateau in the fourth quarter of 2012.  Purchase volumes increased compared to both the prior year and, for the seventh...
2012 Holiday Sales Register Mixed Results
Holiday sales for U.S. retailers were mixed at best.  Well before formal results were released, there was cause for concern given the lingering effects of Hurricane Sandy, unfavorable weather patterns, non-stop coverage...
Green Dot Makes Waves With GoBank
Many wondered about Green Dot’s long term plans when it purchased Bonneville Bank last year.  The obvious answer to that question was to further its vertical integration in the delivery of its flagship GPR product. ...
European Card Market Growth Continues to Rebound
Based on our analysis of recently released data from European central banks, First Annapolis estimates that European card market growth rates continued to rebound in 2012 from a low point in 2009, and credit card volumes...
A Closer Look at the U.S. Household Debt Burden
Since the Great Recession, the U.S. consumer has been put under the microscope in an attempt to understand the “New Normal.”  One of the more popular topics has been the notion that households are deleveraging...
Payments Industry Stock Price Tracker
The Payments Industry Stock Price Tracker measures current stock prices and market caps (as of January 31, 2013) as well as movement over the last month, and year-to-date (from January 2012).  After positive results...


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