Dubuque Bank & Trust, through its parent company Heartland Financial USA, Inc. (NASDAQ: HTLF) that operates 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 eighth year in a row.
In 2022, HTLF’s commercial credit card program ranked among the top 50 purchasing card programs, increasing 30 percent from the previous year. HTLF also surpassed $1 billion in purchase volume, a significant purchase volume milestone.
Nilson Report’s ranking reflects HTLF’s innovative approach to digital technology products and providing excellent consultative customer experiences. HTLF has a team of industry experts to help educate clients on the value of Electronic Accounts Payable (EAP), a single-use virtual commercial card account, and how this e-payables product can optimize working capital by extending Days Payable Outstanding (DPO) within the payables space by integrating it as the preferred payment method vs having suppliers on only check or ACH.
HTLF was also recognized by Forbes as one of “America’s Best Banks” for 2023. In its annual review of the largest publicly traded banks and thrifts, Forbes ranked HTLF among a nationwide group of 100 leading banks. It’s the seventh consecutive year HTLF has earned this recognition from Forbes.
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.