HTLF’s Commercial Card Ranked by Nilson Report for Sixth Consecutive Year

Tuesday, August 10, 2021

Ranked Among the Highest Purchase Volumes

For U.S. Visa and Mastercard Commercial Card Issuers

Heartland Financial USA, Inc. (NASDAQ: HTLF), operating under the brand name HTLF, continues to display consistent strength in the payments space. Nilson Report ranked HTLF among the top U.S. commercial credit card issuers for the sixth year in a row.

In 2020, HTLF’s commercial credit card program ranked among the top 40 purchasing card programs with over $548 million in purchase volume, a 21 percent increase from the previous year and the fourth highest purchasing card growth overall.

The Nilson Report ranking reflects HTLF’s innovative approach to digital technology products and providing excellent customer experiences. HTLF invested in a team of industry experts to help educate clients on the value of Electronic Accounts Payable (EAP), increasing their purchasing portfolio by 21 percent year over year.

“Now more than ever HTLF understands the importance of getting back to business. With a strong payments strategy that includes electronic payments, companies can reduce operating costs, increase fraud protection and provide more streamlined payment processes,” said Nicole Dews, HTLF’s Director of Treasury and Payment Solutions.

“Last year, we introduced our Integrated Payables solution, which is one platform to process check, ACH and credit card payments. This year we are excited to offer new solutions such as contactless cards and Visa Commercial Pay. With the electronic payment method rapidly becoming more common, HTLF and its member banks are helping clients better manage cash flow, negotiate favorable terms, protect against fraud and have a more effective payments process overall.”

2021 has been a significant year for HTLF. The company rebranded in the spring to reinforce the strength, insight and growth we bring to our customers, communities, employees and investors. Additionally, HTLF was recognized by Forbes as one of the best banks in America for the fifth year in a row.

For 50 years, Nilson Report has been a respected source of payments industry news and market insight. Nilson analyzes and reports on the performance of hundreds of credit, debit and prepaid card issuers, transaction acquirers and technology vendors with an unbiased perspective.