MADISON, Wisconsin, Aug. 10, 2021 (GLOBE NEWSWIRE) – Wisconsin Bank & Trust, a member of Heartland Financial USA, Inc. (HTLF), which operates under the HTLF brand, continues to show consistent strength in the payments space. Nilson Report ranked HTLF among the top US commercial credit card issuers for the sixth consecutive year.
In 2020, HTLF’s commercial credit card program ranked among the top 40 shopping card programs, with purchases exceeding $ 548 million, up 21 percent year over year, and the fourth highest overall growth in card purchases.
Nilson Report’s ranking reflects HTLF’s innovative approach to digital technology products and excellent customer experiences. HTLF invested in a team of industry experts to educate customers about the value of electronic accounts payable (EAP) and increased their purchasing portfolio by 21 percent year-over-year.
“Today, more than ever, Wisconsin Bank & Trust understands the importance of getting back to business. With a strong payments strategy that includes electronic payments, companies can lower operating costs, increase fraud protection, and provide leaner payment processes, ”said Doug Kohlbeck, President of Wisconsin Bank & Trust.
“Last year we introduced our integrated accounts payable solution, which is a platform for processing check, ACH and credit card payments. This year we are pleased to be able to offer new solutions such as contactless cards and Visa Commercial Pay. As the electronic payment method becomes more and more popular, we are helping our customers better manage their cash flow, negotiate favorable terms, protect themselves from fraud and achieve a more effective payment process overall. “
2021 was an important year for the HTLF and its banks. The company was renamed this spring to add the strength, insight and growth that it brings to its customers, communities, employees and investors. In addition, Forbes named HTLF one of the best banks in America for the fifth year in a row.
Nilson Report has been a respected source of payments industry news and market insights for 50 years. 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.
Via Wisconsin Bank & Trust
Wisconsin Bank & Trust (WBT), a subsidiary of Heartland Financial USA, Inc. (HTLF), is a business-oriented community bank with more than $ 1.2 billion in assets. With 13 banking centers and a loan processing office, Wisconsin Bank & Trust serves clients in Madison, Milwaukee, Green Bay, Sheboygan, Monroe and southwest Wisconsin. WBT offers a wide range of personal and commercial banking, retail and mortgage loan services. For more information visit or call 608.203.1214. Wisconsin Bank & Trust is a member of the FDIC and an Equal Housing Lender.
About Heartland Financial USA, Inc.
Heartland Financial USA, Inc., operating under the brand name HTLF, is a financial services company with approximately $ 18.4 billion in assets. HTLF’s banks serve communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas, and Wisconsin. Committed to its core commercial business backed by a strong retail business, HTLF provides a diversified range of financial services including treasury management, residential mortgages, asset management, investments and insurance. Visit htlf.com for more information.
Safe Harbor Statement
This press release and 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 about Heartland’s financial condition, results of operations, plans, goals, future performance and business. . While these forward-looking statements are based on the beliefs, expectations and assumptions of Heartland’s management, there are a number of factors, many of which are beyond management’s ability to control or predict, that could cause actual results to be material differ from these in its forward-looking statements. These factors included in the Risk Factors in Heartland’s Annual Report on Form 10-K filed with the Securities and Exchange Commission include, but are not limited to: (i) the strength of the local and national economies; (ii) the economic impact of past and future terrorist threats and attacks and acts of war; (iii) changes in state and federal laws, regulations and government policies relating to the general business of the Company; (iv) changes in interest rates and prepayment rates on the Company’s assets; (v) increased competition in the financial services sector and the inability to attract new customers; (vi) technological changes and the ability to design and maintain safe and reliable electronic systems; (vii) the loss of an important officer or employee; (viii) changes in consumer spending; (ix) unexpected results from acquisitions; (x) unexpected results of existing or new legal disputes in which the company is involved; and (xi) changes in accounting policies and practices. All statements in this press release, including forward-looking statements, speak only as of the date of publication and Heartland assumes no obligation to update any statements in light of new information or future events.
Vice President Marketing