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Area of Interest: Payment Card Issuing

Visa and Mastercard Cards in the US — 2024

Purchase volume on Visa and Mastercard credit, debit and prepaid commercial and consumer card products issued in the US grew 6.3% in 2024, reaching $9.367 trillion. Visa card products combined had purchase volume of $6.583 trillion, up 5.9%. Mastercard card products combined had purchase volume of $2.784 trillion, up 7.4%. The purchase volume market share […]

Global Network Card Brands US — 2024

Commercial and consumer credit, debit and prepaid cards issued in the US carrying the global network brands—Visa, Mastercard, American Express and Discover­—generated $10.773 trillion in purchase volume (spending for goods and services) in 2024. This was an increase of 5.9% over 2023. Credit card cash advances and debit card cash withdrawals are not included in […]

Mastercard and Visa Worldwide thru 3Q 2024

Mastercard and Visa credit card purchase volume worldwide through the first nine months of 2024 grew 8.0% to $8.124 trillion. Credit cards issued outside the US accounted for 57.07% of that amount, up from 56.15% in 2023.

Market Cap Performance for Card Issuers and Networks

Every month we publish a snapshot of the stock market performances of more than 130 companies that earn revenue from customers in the payment card industry. This issue features the four publicly traded card payment networks and the 20 publicly traded issuers of payment cards. Combined, the card networks held a market capitalization of more […]

Discover Financial Services Results—2024

Total credit card volume (purchases and cash advances) was $224.58 billion for Discover Financial Services (DFS) in 2024, a decline of 3.5%. Cash advances were 5.49% of total volume, down from 6.39% in 2023. Outstanding credit card receivables at year-end 2024 were up 0.5% to $102.79 billion.

Merrick Bank to Acquire Ally Financial’s Credit Cards

CardWorks, a consumer finance lender and servicing organization specializing in the near-prime consumer sector, has entered into a definitive agreement to purchase the $2.29-billion credit card portfolio of Ally Financial. When the transaction closes, the buyer of record will be Merrick Bank, a subsidiary of CardWorks.

Payment Cards Projected Worldwide 2024—2029

General purpose and private label credit, debit and prepaid cards in circulation worldwide are projected to reach 31.13 billion by December 31, 2029. At year-end 2024 that figure was 27.76 billion.

Trade Groups Sue the CFPB

The plaintiffs allege that by regulating their services, the CFPB creates a cooling effect on innovation. They state that “CFPB supervision thus places enormous burdens on a supervised company, diverts financial and personnel resources, and inhibits innovation and the roll-out of new products and features.”