CFPB Actions Updated
The regulator said that the banks did not properly investigate consumer complaints consistently or on time and did not provide reimbursements for fraud or errors as required by Regulation E of the Electronic Funds Transfer Act.
Area of Interest: Payment Card Issuing
Virtual Cards for Accounts Payable B2B Transactions
More than 630,000 virtual cards are issued every week using Conferma’s technology. The company’s platform promises visibility into all details related to a buyer’s expense and the near-real-time reconciliation of payments they make.
Travel Loyalty Management for Cardholders from Odynn
Odynn has built a travel portal called Awayz that card issuers can offer on a white-label basis to help their customers get the best deals in a dynamic pricing environment.
Highnote Adds Acquiring
The platform’s general ledger can move funds from issuing accounts to acquiring accounts in real time.
Top 50 US Visa and Mastercard Credit Card Issuers – 2024
The US industry total for Visa and Mastercard outstandings was $1.073 trillion, up 8.6%.
Largest US Issuers of General Purpose Credit Cards
Purchase volume generated by all general purpose credit cards issued in the US was $6.136 trillion in 2024, up 5.3% over 2023.
Smartphone-Based Enrollment for Biometric Cards
The dongle required in Idemia’s latest at-home enrollment kit is like those used by micromerchants to accept a card payment.
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.
