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 […]
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.
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.
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.
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.”
Combined, they held a market capitalization of $447.25 billion as of December 31, 2024.
Purchase volume on credit cards of $4.527 trillion was up 5.1%.
These global brand cards are projected to generate 332.64 billion more purchase transactions in 2029 than they did in 2024.
Early Warning Services operates Zelle along with three of the network owners—Bank of America, JPMorgan Chase and
Wells Fargo.
A new 10-year agreement between Citi, the third largest credit card issuer in the US, and American Airlines, the country’s largest carrier, will commence in 2026.
Nilson Report
Expertise
Research
News & Events
Subscribe
Connect
Mailing Address:
PO Box 50539
Santa Barbara, CA 93150
USA
Phone:
805-684-8800
