Third 50 Largest US Credit Card Issuers—2024
Visa and Mastercard credit card issuers in the US ranked 101 through 150 largest based on outstanding receivables at yearend 2024 are listed here. Consumer, business and commercial credit card products are combined.
Visa Adds BNPL Cards
Most buy now, pay later (BNPL) purchases initiated through fintechs are authorized outside of the global card networks yet the vast majority of those transactions are paid off using a global brand debit card.
US Card Spending at Merchants—2024
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 […]
Fico’s Marketplace B2B Hub
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.
PayPal Offers Wallet Holders Stablecoin Rewards
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.
Financial Technology Association Joins CFPB Case
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 […]
Ramp Adds Stablecoins for Visa Corporate Cards
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.
Infrastructure Support for Stablecoin-Backed Cards
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.
Sustainable Prepaid Cards
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 […]
US Issuers of Commercial Debit and Credit Cards—2024
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 […]