InterPayments sells its software directly to Fortune 1000 companies in the US and Canada, where it can be embedded in a variety of enterprise resource planning (ERP) software systems including NetSuite and SAP. It is also white-labeled to select independent software vendors, acquirers, payment gateways and processors.
Since 2008, ACI Worldwide has been providing the authorization switch software for card transactions at POS terminals and ATMs in Brazil. RS2 has offered software to manage card issuing and acquiring in Brazil since 2013.
Most of the largest US merchants opted out of the class action years ago in favor of bilateral settlements with the defendants. Which merchants settled isn’t known.
While Iran is the largest card market in the Middle East and Africa, neither Visa nor Mastercard cards are issued or acquired in that country.
Credit card purchase volume of $5.460 trillion grew by 6.8% in 2023 over 2022.
Credit and debit card issuers in the US spend more than $100 billion to support incentives aimed in large part on increasing purchases of goods and services.
When measuring only credit cards, Visa had the highest growth in purchase volume market share, an increase of 39 basis points (bps) to 52.19%.
For its client MobileMoney, the Usio prepaid card issuing platform connects to kiosks installed in airports, sporting venues and event venues such as music festivals.
The 12 domestic-only general purpose debit and credit card brands handled by the acquirers identified here accounted for 66.70 billion purchase transactions, up 31.4%.
The latest interpretive rule from the CFPB on May 22, 2024, subjects buy now, pay later (BNPL) companies to the Truth in Lending Act (TILA), Regulation Z, subpart B which also pertains to credit card issuers.
Nilson Report
Expertise
Research
News & Events
Subscribe
Connect
Mailing Address:
PO Box 50539
Santa Barbara, CA 93150
USA
Phone:
805-684-8800
