EPI Drops Card Plans

A consortium of banks and payment processors raised $36.5 million in seed money a year ago to explore creation of a card network competitor to Visa and Mastercard in the European Union. The effort had the backing of the European Central Bank. However, the European Payments Initiative, which has yet to achieve operating company status, will drop plans for a payment card network. EPI recently lost 20 financial institutions, mostly in Spain and Germany. The remaining 13 members, mostly based in France, will pursue creation of a digital wallet consumers can use to initiate real-time account-...

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March 2022
Headlines in this Issue
Charts in this Issue

Canada Card Networks and Issuers—Purchase Transactions

Canada Market Shares of Visa and Mastercard Outstandings at Year-End 2021

Canada Spending, Transactions and Card by Brand

Largest Credit Card Issuers in Canada—Ranked by Outstandings

Merchant Processing Fees in the U.S as a Percent of Card Sales

Fees Paid by Merchants in the U.S. with Purchase Volume

U.S. Consumer ACH Transactions—2021

Publicly Traded Companies in Payments