Card Issuance and Account Processing Transactions January through June 2025

In the first half of this year there were 26 acquisitions and corporate investment deals in companies that issue commercial and consumer credit, debit and prepaid cards and companies which provide card issuance processing and related support. Those transactions occurred in 16 jurisdictions. There were 10 financing deals involving commercial cards, 8 card issuance platform […]

Top 30 Issuers of Visa and Mastercard Consumer Card Products in the US — 2024

The largest US issuers of Visa and Mastercard consumer credit and consumer debit/prepaid card products are ranked below based on purchase volume for goods and services in 2024. The Consumer Purchase Volume columns exclude purchase volume tied to small business, corporate, purchasing and fleet commercial credit, debit and prepaid cards. The All Purchase Volume columns […]

US Debit Card Issuers Ranked 51st through 100th Largest — 2024

Consumer and commercial debit and prepaid cards issued by financial institutions that were the 100 largest in the US generated $3.118 trillion in purchase volume in 2024, up 2.6% from 2023. That purchase volume includes Visa and Mastercard networks as well as the domestic debit networks, including Star, Pulse, Nyce and Accel. For the ranking, […]

Card Industry Litigation Updates in the US and UK

The UK’s Competition Appeal Tribunal has ruled unanimously that Visa and Mastercard rules pertaining to default multilateral interchange fees (MIFs) violate competition laws in the UK and Ireland.

Highnote Stablecoin Funding for Commercial Cards

BVNK provides digital wallets that businesses use to hold US dollar-denominated stablecoin assets. Highnote provides cloud-based card account processing to businesses with commercial card products. The companies have become partners. Businesses use Highnote for fleet, corporate and prepaid commercial card products. All spending tied to cards on the Highnote platform is prefunded. Businesses use the […]

Card Payments in Europe

Other factors that motivate the move to sovereignty these days include stricter European standards for the protection of commercial and personal data, using tougher European protocols to secure card transactions and the desire to impose lower interchange and network fees for transactions that occur between a cardholder and merchant from different countries within Europe.