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.
Mastercard and Visa credit, debit and prepaid cards in circulation worldwide generated $13.486 trillion in purchase volume for the first nine months of 2022, an increase of 14.9% versus the first nine months of 2021. Of the Mastercard and Visa worldwide total, purchase volume tied to cards issued outside the US accounted for 54.71%, up from 54.02% in 2021.
Credit, debit and prepaid general purpose and private label payment cards in circulation worldwide are projected to reach 28.44 billion by December 31, 2027. This is up from 25.84 billion at the end of 2022.
Among merchant acquirers with global footprints, J.P. Morgan Payments (JPMP) stands out for the scale of its business, including the ability to provide customers with all payment processing and related products and services required, while handling all financial settlement including foreign exchange without the need of a partner.
American Express, Discover, Mastercard and Visa credit, debit and prepaid cards issued in the United States combined generated $7.055 trillion in purchase volume for goods and services from January 1 through September 30, 2022. This was an increase of 14.4% compared to the first nine months of 2021.
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