Largest US Issuers of General Purpose Credit Cards — 2023
The 10 largest US issuers generated $4.832 trillion in purchase volume, giving them an 83.01% market share in 2022, up from 82.83% in 2022.
Area of Interest: Payment Card Issuing
Pomelo Processing in Latin America
Issuing and processing services from Pomelo include support for prepaid, debit and commercial credit cards as well as crypto assets.
Dispute Resolution from ServiceNow and Visa
Called ServiceNow Disputes Management, Built with Visa, the cloud-based orchestration layer combines an issuer’s own data and systems with VROL data via a single interface.
Citi Buys Dillard’s Credit Cards from Wells Fargo
Citi will convert the American Express-Dillard’s co-branded cards to Mastercard-Dillard’s co-branded cards in the fall of 2024.
Mastercard and Visa Cards in the US — 2023
Mastercard and Visa credit cards combined generated purchase volume of $4.459 trillion, an increase of 7.2% from $4.160 trillion in 2022.
Global Network Card Brands US — 2023
The average amount of a credit card purchase transaction was $96.01, down 1.2% from $97.16.
Discover Financial Services Results—2023
Credit card purchase volume generated by all Discover brand cards was $217.91 billion, up 3.5%. Credit card cash advances increased 7.5% to $14.87 billion.
Visa and Mastercard Worldwide through 3Q 2023
Of the Visa and Mastercard worldwide total, purchase volume initiated by cards issued outside the US accounted for 55.68%, up from 54.05%.
Payment Cards Projected Worldwide —2023 through 2028
The global card brand general purpose cards — UnionPay, Visa, Mastercard, JCB, American Express and Discover/Diners Club —are projected to reach 19.38 billion cards by year-end.
US General Purpose Card Brands through 3Q 2023
Credit card purchase volume was $4.310 trillion, up 7.4%. Purchase volume generated by credit cards accounted for 57.10% of combined credit and debit card purchase volume.