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A globally recognized authority on card payments.


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Our Research Publication.

One year of card industry data at your fingertips.

For 53 years, the leading publication covering payment systems worldwide

May 2024 | Current Issue

The Nilson Report, in its 53rd year of publication, is the most respected source of news and analysis of the global card and mobile payment industry. Published bi-monthly.

15th Annual Research Publication

The World’s Top Card Issuers and Merchant Acquirers research publication is now in its 15th edition, and includes over 1,370 financial institutions in more than 120 countries.

Subscriber Companies

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Featured Chart

Largest Issuers of Commercial Cards Ranked by Purchase Volume

Small business credit and debit, prepaid, purchasing, fleet and corporate commercial card products from the 95 largest US issuers generated a combined $1.269 trillion in purchase volume in 2023. The five largest issuers are shown here.
Featured Article

Mastercard’s Scam Protect

Scam Protect’s machine learning and AI are used to identify the signals of a victim who is being defrauded using device intelligence and behavioral biometrics. Those signals could include hesitation while typing on a website or in an app— sometimes because the victim is being coached over the phone by a criminal.

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Payment Card Fraud

$ 0

billion was lost to fraud
worldwide in 2022

0 %

of those losses
occurred in the U.S.

$ 0

billion in worldwide losses are
projected over the next ten years

Industry Events

Keep current with industry events, and take advantage of special promotions.

Featured Event

Africa Payments & RegTech Forum

August 8-9, 2024

In Africa, Payments and Regtech stand as catalysts for economic transformation. Innovations in digital transactions coupled with robust regulatory technology are reshaping the financial landscape.

Subscriber Testimonials

Melody Cuff, on behalf of President
, EVP, Chief Acquisitions Officer
, Oliphant Financial

The production quality of NR is simply unmatched. If you want to know what's happening at the cutting edge, NR will not only make sure you see it, but provide you with specific contact information you can act on today! NR is an efficient publication. It's quick to get to the point while not being overcrowded, making it the most enjoyable layout I see each month. As a fan of more than 20 years, I look forward to NR more than any other subscription.

Thomas DeLuca
, Global POS Lending Tribe Lead

Throughout my 25+ years in the ever-evolving merchant payments industry, the Nilson Report has been a constant companion — an essential source of information, and a means for connecting to the “who’s who” in the space. If there is one “must read’ to stay informed about payments, it is the Nilson Report!

William Maurer
, Professor, Institute for Money, Technology & Financial Inclusion
, University of California, Irvine

As a researcher in the payments space, I have come to depend upon the Nilson Report's independent and comprehensive reporting and data. It's really one of a kind.

Hans Morris
, Managing Partner
, NYCA Partners

I have been reading the Nilson Report for several decades now, and consider it indispensable for anyone in the payments industry. I also admire its utterly unique approach to journalism: clear, concise, accurate information and insights that are free of advertising and tendentious sourcing. We could use more of this!

Carolo Specogna
, VP of Product Strategy for Card Services

The Nilson Report is an indispensable guide to the movers and shakers in the cards and payments industry. Providing a comprehensive overview of payment trends and useful data both in the US and globally, Nilson enables Fiserv to keep our finger firmly on the pulse of the challenges and opportunities facing issuers, acquirers, financial institutions, fintechs, analysts, academia and others.

Donald Kossman
, General Manager, Fraud Protection

The payment industry is going through a digital transformation and innovating in many ways. In these times, it is critical to have great data and insights. That is why we at Microsoft are so thankful to have the Nilson Report and cannot wait for the next edition.

Latest Industry News

Industry News

May 16, 2024

VGS Surpasses 3 Billion Tokens

VGS, formerly known as Very Good Security, has stored more than three billion tokens in its universal token vault. The vault stores sensitive data and manages payment routing across multiple processors and networks. VGS works with companies across every major continent including AWS, Albertsons, Deserve, and Fivestars by Sumup, and now stores more than 70% of credentials in the US.

Latest Nilson News

Nilson in the news

May 14, 2024

Financial World

How Banks are Winning the Battle Against Credit Card Fraud
"According to the Nilson Report, which monitors the card industry, payment-card fraud led to $33 billion in losses worldwide in 2022, with $13.6 billion of those losses occurring in the United States."