Most micro merchants are counted along with other small merchants that are aggregated together by payment facilitators (payfacs) that serve these customers, accounting for an estimated 30 million acceptance locations worldwide.
Gross card fraud is expressed in basis points (cents) per $100 in total volume. In 2022, it was 6.81¢ per $100 in total volume worldwide. The prior year, the figure was 6.61¢ per $100.
More than 1,000 active deployments in over 70 countries use NEC facial recognition technology, including police departments, immigration control agencies, national ID systems, banks and stadiums.
Credit, debit and prepaid consumer and commercial cards in circulation with global brands issued by the top 50 grew to 7.03 billion.
Countries in which both domestic-only credit and debit card products are issued include South Korea (eight bank brands), Brazil (Elo), Russia (Mir), India (RuPay) and Turkey (Troy).
The 10 largest issuers accounted for 58.7% of purchase volume in 2022 among the top 150. The 5 issuers from China dominated the top 10.
Payment card shipments in 2022 by manufacturer were published in issue 1251.
The ability to provide virtual card payments for BNPL transactions has opened a new opportunity for card account processors. Increasingly, online and in-store retailers feel compelled to provide their customers with real-time credit decisioning so they can deliver instant approval for a BNPL transaction at the time of purchase, even when they’ve had no prior relationship with the consumer.
Superlogic’s software can be used by card issuers, airlines, hotels, restaurants, retailers and others to make managing their loyalty programs more efficient.
There were 16.99 billion global general purpose cards in circulation on June 30, 2023. This was up 5.2% from June 30, 2022.
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