ACI Adds Instant Pay for A2A Payments
Instant Pay is an account-to-account payment service that can be accessed via a single integration.
Area of Interest: Business to Business (B2B)
Amex Acquires Nipendo for B2B Accounts Receivable Payments
Commercial payments account for 45% of total billed business at American Express, and more than 70% of those payments are business to business (B2B)—mostly driven by small businesses.
Investments & Acquisitions in 2022
There were 700 transactions in card payments and related fields in 2022. There were 382 transactions in the first half of the year and 318 in the second half. Those deals occurred in 68 countries.
Payment Card Transactions Projected Worldwide — 2022 through 2027
UnionPay, Visa, Mastercard, American Express, JCB and Discover/Diners Club—the global network cards—are projected to generate 891.20 billion transactions in 2027, an increase of 42.3% over 2022. This is a compound annual growth rate (CAGR) of 7.3% per year.
Equinix Digital Infrastructure
In business since 1998, Equinix operates 240 data centers worldwide in more than 70 metropolitan areas in 32 countries. It provides secure, low-latency network support services to stock markets, payment card networks, central banks, national payment systems, Tier 1 banks and other clients.
Commercial Cards in the US 2021 — Part 2
Credit, debit and prepaid consumer and commercial American Express, Visa, Mastercard and Discover cards issued in the US generated $8.460 trillion in purchase volume in 2021, up 25.1% from 2020.
Jifiti’s White Label BNPL Platform Adds B2B
Over the last decade, dozens of buy now, pay later (BNPL) specialists worldwide have focused on signing merchants as distribution channels for their consumer lending businesses. Growth has been explosive, and BNPL fintechs attracted eager investors.
US Consumer Payment Systems and PCE —2021
Personal consumption expenditures (PCE), a statistic calculated by the United States Department of Commerce’s Bureau of Economic Analysis (BEA) were $15.903 trillion in the US in 2021. Purchases made for goods and services totaled $12.416 trillion, which was 78.1% of PCE.
Nium and UATP are Virtual Card Partners
Nium is a global payment-as-a-service platform provider serving small and midsized companies that also offers API-based banking services. The company can make financial settlement on remittances and other payouts in 190 markets in local currency using its own bank accounts. Nium handled more than $8 billion in payments in 2021.
Edenred Fleet Card in the US
The commercial fleet card market in the US is dominated by operators of three closed-loop systems—Wex, Comdata and US Bank. Edenred, which is the largest fleet card provider in Latin America and fourth largest in Europe, sees an opportunity to compete in the US fleet card market with Edenred Essentials, a Visa commercial card product.