ACI and RS2 JV in Brazil
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.
Area of Interest: Merchant Acquiring
Judge Rejects Settlement in Merchant Fee Case
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.
Middle East and Africa’s Largest Merchant Acquirers — 2023
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.
US Card Spending at Merchants — 2023
Credit card purchase volume of $5.460 trillion grew by 6.8% in 2023 over 2022.
Embedded Offers Platform
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.
US Card Network Results First Quarter 2024
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%.
Usio Payment Facilitation
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.
Top Merchant Acquirers in Europe —2023
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%.
CFPB Rules on BNPL
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.
Crédit Agricole and Worldline Merchant JV
France is the largest payment card market in the European Economic Area with purchase volume exceeding $770 billion annually. However, card acceptance and merchant acquiring in France is poised for disruption.
