The second 50 largest issuers of debit and prepaid consumer and commercial card products (those that ranked 51st to 100th) generated $163.65 billion in purchase volume in 2022, up 2.0% from 2021. That purchase volume is a combination of Visa and Mastercard networks and PIN-based networks led by Star, Pulse, Nyce and Accel. Visa and […]
Purchase volume generated by credit, debit and prepaid cards from the 25 largest US issuers totaled $5.187 trillion in 2022.
Mastercard introduced Multi-Token Network, a service intended to scale and secure digital transactions. It will incorporate previously announced products like Mastercard Crypto Credential. The company says a beta version of Multi-Token Network will be available in the UK this summer. The Bank for International Settlements collaborated with the Bank of England to build a […]
The private label prepaid card feature is available to credit card partners that use the Cardless app.
Consumer and commercial credit, debit and prepaid general purpose card products issued in the US generated $10.263 trillion in purchase volume at merchants in 2022.
The service can be deployed by online merchants or by their fraud detection providers as an added layer of protection.
Brazil-based banking and payment software provider Pismo will be acquired by Visa for $1 billion in cash. The transaction is expected to close by the end of 2023.
Pismo received $118 million in two rounds of funding (2016 and 2021) from investors including Accel Partners, Amazon and Softbank.
The company’s API-based cardholder account processing services have handled $10 billion in purchase volume.
Existing bank customers will gain access to PPN without needing any new implementation.
The company uses a range of device data to allow customer identification, even when privacy settings are in place.
