Purchase volume generated by consumer, small business and commercial card products issued by the top 100 issuers in the United States reached $8.792 trillion in 2024, an increase of 3.9% over 2023. Purchase volume, which is spending for goods and services, included American Express, Discover, Mastercard and Visa cards combined with domestic-only brands led by […]
The digital data hub was created to give Fico Platform users easy access to third-party providers of prebuilt analytics products and services used in conjunction with Fico capabilities.
This summer, PayPal will begin offering PYUSD with 3.7% annual rewards in the stablecoin to PayPal and Venmo wallet users who buy and hold that digital asset.
The Bank Policy Institute and the Kentucky Bankers Association filed litigation in October 2024 against the Consumer Financial Protection Bureau’s (CFPB) final rule implementing Section 1033 of the Dodd-Frank Act that gives consumers… “a right to access their account information and authorize certain third parties acting on their behalf to access that information.” Earlier this […]
Last year, Ramp software facilitated over $60 billion in payments, with less than 50% tied to Visa Signature cards. Ramp’s latest service leverages an existing partnership with Stripe and will offer corporations US dollar-backed stablecoins to address their cross-border payment needs.
Rain has created smart contract infrastructure that enables a hold to be put on crypto assets, including stablecoins stored on a blockchain. It can execute that hold in 200 milliseconds, sufficient time for the process to be integrated into a payment card transaction initiated online or in-store.
Blackhawk Network (BHN), a top provider of prepaid cards worldwide, is committed to using sustainable, fiber-based substrates in cards it distributes to reduce the deleterious environmental impact of virgin PVC plastic. By the end of 2024, more than 85% of the approximately one billion cards BHN distributed globally used fiber-based substrates. BHN calls its sustainable […]
Corporate travel and entertainment (T&E), fleet and purchasing, small business credit, small business debit and prepaid (government benefits, etc.) products are included here in our annual ranking of the largest issuers of Visa and Mastercard commercial credit, debit and prepaid cards. The ranking is based on purchase volume generated in 2024. For the complete data […]
Closed-loop transit payment systems, where riders prepay for a proprietary paper or plastic card, typically loaded at a kiosk, are falling out of favor around the world. Replacing them are open-loop systems that use general purpose contactless payment cards and mobile wallets. Open-loop payments offer transit operators cost benefits and riders the convenience of interoperability […]
Mastercard has made a $300-million investment in the cross-border business unit of Corpay, a corporate payments company whose shares trade on the New York Stock Exchange. The companies are already partners for Mastercard branded purchasing, fleet and prepaid commercial cards issued in the US. Collectively, those cards generate more than $50 billion annually in purchase […]
