Cold Storage Wallet for Stablecoins Adds Card Payments
CompoSecure’s Arculus Cold Storage Wallet was launched three years ago to provide consumers and businesses with self-custody and management of stablecoins and other digital currencies.
Archives: Articles
Capital One and Discover Merger Update
All financial regulatory approvals have been obtained, and Capital One is expected to finalize its merger with Discover Financial Services (DFS) on May 18, 2025. The companies announced their deal in February 2024. At that time, it was an all-stock transaction valued at $35.30 billion. Outstanding enforcement actions against Discover relating to fees charged merchants […]
Barclays’ Payment Acceptance Business to Brookfield
Alternative asset management firm Brookfield has entered a partnership with Barclays Bank in the UK to carve out its payment acceptance business, including processing contracts, POS terminals and gateways, as well as services pertaining to foreign exchange, data and analytics.
ICBA Payments and Mastercard Partnership
Many community banks have not deployed contactless cards owing to their added costs. This has put them at a disadvantage versus larger competitors. Providing Mastercard contactless cards is expected to help them be more competitive as well as to provide the opportunity to reactivate dormant accounts.
Account Validation, Fraud Fighting and Risk Analysis
Credit scores provide only a point-in-time view of a consumer, and often are a lagging indicator of their current financial stability. Regular reviews of the transactions initiated from a consumer’s deposit account help provide a better prediction of future behavior as well as identify the best performing accounts in a portfolio. That is one of […]
Global Payments and FIS in Deals to Scale Their Processing Businesses
Global Payments will become the largest acquirer of card transactions worldwide, overtaking J.P. Morgan Payments which currently holds that position.
Payment and Identity Infrastructure for Autonomous AI Agents
Use cases for consumers managing autonomous AI agents include accessing websites to identify price data in real time prior to purchasing travel services and tickets for sport and entertainment events.
The 50 Largest US Debit Card Issuers—2024
The three largest issuers—JPMorgan Chase, Wells Fargo and Bank of America—accounted for 48.27% of the $2.952 trillion in debit and prepaid purchase volume generated by the top 50 issuers in 2024.
Second 50 US Mastercard and Visa Credit Card Issuers—2024
For the complete ranking, please download Issue 1283.
Consumer Direct ACH Payments—2024
The Federal Reserve’s FedACH service and the Electronic Payments Network (EPN) business of The Clearing House Payments Company, the two automated clearing house networks in the US, processed 33.50 billion in commercial, government and consumer payments in 2024. In addition to that activity, financial institutions processed 6.70 billion transactions in-house when they owned the deposit […]
