Spend Management Platform for Commercial Cards
Extend provides a spend and expense management platform that banks in the US and Canada can integrate with their commercial card products.
Area of Interest: Payment Card Issuing
Consumer Payment Systems and PCE in the US — Projected
Collectively, card-based payment methods generated $12.029 trillion or 78.16% of all consumer payment systems purchase volume in 2024.
Domestic-Only Debit and Credit Cards Worldwide — 2024
There are more than 90 general purpose card brands worldwide that are domestic only and general purpose. Collectively, they generated $1.163 trillion in purchase volume in 2024.
Top 150 Debit Card Issuers Worldwide — 2024
The 10 largest issuers among the top 150 accounted for 54.8% of purchase volume in 2024.
Card Networks, Top Issuers and Merchants Settle Litigation from 2005
Over the last five years, merchants have paid $317.41 billion in interchange fees to Visa and Mastercard credit card issuers to accept $19.616 trillion in purchases for goods and services.
Asia-Pacific’s 50 Largest Payment Card Issuers—2024
The highest average annual spending per card was $8,290 in Australia, which was followed by South Korea at $3,881, Japan at $3,532 and China at $1,218.
Splitit to Test Installment Payments for US Debit Cards
Splitit will embed its card-linked installment loan technology into the Hogan core banking software platform owned by information technology company DXC. Visa and Mastercard debit card issuers that use Hogan software will be able to offer Splitit to their cardholders on a white-labeled basis. Among providers of flexible installment and buy now, pay later (BNPL) […]
US Credit, Debit and Prepaid Cards Projected — 2029
Purchase volume generated by general purpose and private label credit, debit and prepaid cards issued in the US— consumer and commercial products combined—was $12.260 trillion in 2024, up 5.7% from 2023. Credit card purchase volume was $6.425 trillion, up 5.0% from 2023. Debit and prepaid card purchase volume was $5.835 trillion, up 6.6% from 2023. […]
Fifth Third, Comerica Merger
Both banks have successful commercial card portfolios. Comerica ranked 11th largest among all Visa and Mastercard issuers and Fifth Third was 13th largest at year-end 2024. When combined, the portfolio will be 9th largest.
Latin America’s 50 Largest Credit and Debit Card Issuers—2024
Visa and Mastercard cards issued by the 50 largest totaled 942.3 million and accounted for 74.8% of all general purpose cards issued in LA&C.