Fime’s fully automated testing platform and its testing services businesses generate 80% of the company’s revenues. Those revenues come from three markets—payments, digital identity and smart mobility (ticketing).
U.S. Bank, the sixth largest U.S. credit card issuer based on purchase volume, created Split Card to boost new credit card account acquisitions.
The first part of our annual ranking of card manufacturers was published in Issue 1295. That article focused exclusively on payment cards shipped in 2024.
Extend provides a spend and expense management platform that banks in the US and Canada can integrate with their commercial card products.
Collectively, card-based payment methods generated $12.029 trillion or 78.16% of all consumer payment systems purchase volume in 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.
The 10 largest issuers among the top 150 accounted for 54.8% of purchase volume in 2024.
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.
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 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) […]
