Consumer Payment Systems and PCE in the US

Personal consumption expenditures (PCE), a statistic calculated by the United States Department of Commerce’s Bureau of Economic Analysis (BEA), were $18.823 trillion in the US in 2023. Purchases made for goods and services totaled $14.655 trillion, which was 77.86% of PCE. The BEA includes transactions for which no payment was made, even though a monetary […]

Card Manufacturer Shipments — 2023

Shipments of 4.52 billion payment cards from the world’s largest manufacturers were published in issue 1272. In issue 1273, we published shipments of 8.79 billion SIM and other nonpayment cards. Figures shown here include payment and nonpayment cards manufactured using embedded fingerprint sensor technology, metals, recycled plastic and biodegradable materials. Not all manufacturers provided this […]

American Express Virtual Cards for AR Payments

Merchants in the US that accept American Express virtual cards for business-to-business (B2B) payments can participate in a new collaboration between Amex and Boost Payment Solutions. Boost focuses on B2B payments, providing straight-through processing of accounts receivable (AR). The Boost Intercept service fully automates the receiving, parsing and processing steps of accounts receivable, including elimination […]

Capital One’s AirKey Authentication Technology

Capital One determined the best location on specific models of NFC-enabled phones where contactless credit or debit cards could tap and be used to successfully verify the cardholder’s identity.

The 50 Largest Payment Card Issuers in Asia–Pacific

The Asia–Pacific (APAC) region’s top 50 issuers of UnionPay, Visa, Mastercard, Maestro, JCB, Diners Club and American Express as well as domestic-only credit, debit and prepaid cards are included in charts on pages 12 and 13. Those 50 issued 7.12 billion consumer and commercial general purpose payment cards that generated purchase volume of $11.232 trillion […]

Worldpay and Capital One Fight False Positive Ecommerce Fraud

Capital One is the 4th largest credit card issuer and 12th largest debit card issuer in the US. To reduce incidences in which its cardholders have their transactions falsely declined while shopping online, Capital One has opened its Direct Data Share API to Worldpay, the third largest merchant acquirer in the US. Even when it […]

US Credit, Debit and Prepaid Data Projected

Purchase volume generated by general purpose and private label credit, debit and prepaid cards issued in the US—consumer and commercial products combined—was $11.580 trillion in 2023, up 5.8% from 2022. Credit card purchase volume was $6.105 trillion, up 6.0% from 2022. Debit and prepaid card purchase volume was $5.475 trillion, up 5.5% from 2022. Credit […]