HTLF’s Commercial Card Ranked by Nilson Report for Sixth

Ranked Among the Highest Purchase Volumes
For U.S. Visa and Mastercard Commercial Card Issuers

DUBUQUE, Iowa, Aug. 10, 2021 (Globalrelease Wire) — 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. 

About Heartland Financial USA, Inc.
Heartland Financial USA, Inc., operating under the brand name HTLF, is a financial services company with assets of approximately $18.4 billion.  HTLF’s banks serve communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Wisconsin.  HTLF is committed to its core commercial business, supported by a strong retail operation, and provides a diversified line of financial services including treasury management, residential mortgage, wealth management, investment and insurance.  Additional information is available at

Safe Harbor Statement
This release, and future oral and written statements of 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, objectives, future performance and business. Although these forward-looking statements are based upon the beliefs, expectations and assumptions of Heartland’s management, there are a number of factors, many of which are beyond the ability of management to control or predict, that could cause actual results to 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 any future terrorist threats and attacks and any acts of war, (iii) changes in state and federal laws, regulations and governmental policies concerning the Company’s general business; (iv) changes in interest rates and prepayment rates of the Company’s assets; (v) increased competition in the financial services sector and the inability to attract new customers; (vi) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (vii) the loss of key executives or employees; (viii) changes in consumer spending; (ix) unexpected results of acquisitions; (x) unexpected outcomes of existing or new litigation involving the Company; and (xi) changes in accounting policies and practices. All statements in this release, including forward-looking statements, speak only as of the date they are made, and Heartland undertakes no obligation to update any statement in light of new information or future events.

Ryan Lund
VP, Director of Corporate Communications
[email protected]

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