Consumer and commercial credit, debit and prepaid cards issued in the US carrying the American Express, Discover, Mastercard and Visa brands generated $9.563 trillion in purchase volume in 2022, an increase of 13.0% over 2021.
Visa and Mastercard consumer and commercial credit, debit and prepaid cards issued in the US generated $8.272 trillion in purchase volume in 2022, up 12.0% from 2021.
Ecommerce sites in the US and Asia-Pacific lost an estimated $700 million in fraudulent sales to criminals in Southeast Asia during the fourth quarter of 2022. Operating mainly from Malaysia, Vietnam and Indonesia, the fraudsters targeted sellers of smartphones, computers and semiconductor chips.
On February 1, the US Consumer Financial Protection Bureau (CFPB) proposed a rule to curb credit card late fees, saying that they represent more than 10% of all credit card finance charges and fees paid annually.
Building the last mile connectivity that links consumers using mobile wallets, connected vehicles and voice-service devices to fuel pumps and electric vehicle (EV) chargers is the business of P97, a payment orchestration company. P97 maintains a network of more than 66,000 connections to point-of-sale systems at fuel retailers and EV charging stations, mainly in the US, but also in Canada, Europe, Saudi Arabia, Australia and New Zealand.
Among biometric modalities used to authenticate payments in a merchant’s checkout lane, including fingerprints, facial scans and iris scans, palm vein identification has notable advantages. Not only is every person’s pattern of veins unique, but the existing technology available to read veins in the human palm is more accurate than with any of the other methods.
Point-of-sale devices made by Toshiba Global Commerce Solutions handle more than a quarter of all payments made at grocery stores, restaurants (including quick service) and other retailers in the US.
The tables shown here list 123 investments (seed, venture, strategic, private equity and debt funding) in 37 countries in the merchant acquiring and processing sector of the payment card industry 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.
Digital wallets in more than six dozen countries worldwide are used by consumers to make payments to merchants in-store, online and in mobile apps.
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