EDINA, Minnesota, Aug. 10, 2021 (GLOBE NEWSWIRE) – Minnesota Bank & Trust, a member of Heartland Financial USA, Inc. (NASDAQ: HTLF) which operates under the HTLF brand, continues to show consistent strength in the payments space . Nilson Report ranked HTLF among the top commercial credit card issuers in the United States for the sixth consecutive year.
In 2020, HTLF’s commercial credit card program ranked among the top 40 acquisition card programs with a purchase volume of over $ 548 million, an increase of 21% over the previous year. the previous year and the fourth highest growth for acquisition cards.
The Nilson Report ranking reflects HTLF’s innovative approach to digital technology products and delivers excellent customer experiences. HTLF has invested in a team of industry experts to help educate customers on the value of Electronic Accounts Payable (EAP), increasing their purchasing portfolio by 21% year over year.
“Now more than ever, Minnesota Bank & Trust understands the importance of getting back to business. With a strong payment strategy that includes electronic payments, businesses can reduce operating costs, increase fraud protection and provide more streamlined payment processes, ”said Stephen Bishop, President and CEO of Minnesota Bank & Trust.
“Last year, we launched our Integrated Payables solution, which is a platform for processing check, ACH and credit card payments. This year, we are delighted to introduce new solutions such as contactless cards and Visa Commercial Pay. As the electronic payment method quickly becomes more mainstream, we are helping our customers better manage their cash flow, negotiate favorable terms, protect against fraud and have a more efficient payment process overall.
2021 has been an important year for HTLF and its banks. The company changed its name in the spring to reinforce the strength, insight and growth it brings to its customers, communities, employees and investors. Additionally, HTLF has been recognized by Forbes as one of America’s Best Banks for the fifth consecutive year.
For 50 years, Nilson Report has been a respected source for payments industry information and market intelligence. Nilson analyzes and reports on the performance of hundreds of credit, debit and prepaid card issuers, transaction acquirers and technology providers with an unbiased perspective.
About Minnesota Bank & Trust
Minnesota Bank & Trust (MBT), a subsidiary of Heartland Financial USA, Inc. operating under the HTLF brand, is a state chartered bank with approximately $ 956 million in assets. MBT is located in Edina and Minnetonka and specializes in business loan and deposit services while offering a wide variety of personal credit, private client and deposit services as well as comprehensive electronic banking programs. Minnesota Bank & Trust is a member of the FDIC and an equal funder. Visit www.mnbankandtrust.com for more information.
About Heartland Financial USA, Inc.
Heartland Financial USA, Inc., operating under the HTLF brand, is a financial services company with approximately $ 18.4 billion in assets. HTLF banks serve communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Wisconsin. HTLF is dedicated to its core business activity, supported by a strong retail business, and provides a diverse range of financial services including cash management, residential mortgages, wealth management, investing and financial services. assurance. Additional information is available at htlf.com.
Safe Harbor Declaration
This press release, as well as future oral and written statements by Heartland and its management, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the financial condition, results of operations, plans, objectives. , future performance and business of Heartland. . While these forward-looking statements are based on the beliefs, expectations and assumptions of Heartland management, there are a number of factors, many of which are beyond management’s ability to control or predict, that could cause that actual results differ materially from those in its forward-looking statements. These factors, which are detailed in the risk factors included in Heartland’s annual report on Form 10-K filed with the Securities and Exchange Commission, include, among others: (i) the strength of the local and national economy; (ii) the economic impact of past and future terrorist threats and attacks and any act of war, (iii) changes in state and federal laws, regulations and government policies relating to the general business of the Company; (iv) variations in interest rates and prepayment rates of the Company’s assets; (v) increased competition in the financial services industry and the inability to attract new customers; (vi) technological changes and the ability to develop and maintain safe and reliable electronic systems; (vii) loss of officers or key employees; (viii) trends in consumer spending; (ix) unexpected results of acquisitions; (x) unexpected results of existing or new litigation involving the Company; and (xi) changes in accounting policies and practices. All statements in this press release, including forward-looking statements, speak only as of the date on which they are made, and Heartland makes no commitment to update any statement in light of new information or future events.