Purchase volume combined with cash advances and cash withdrawals tied to global brand, domestic-market-only and private label credit, debit and prepaid cards was $51.435 trillion worldwide in 2023. This was an increase of 4.7% from $49.149 trillion in total volume in 2022.
Purchase volume generated by debit cards from the 150 largest issuers combined reached $11.375 trillion in 2023.
Shift4 provides card acceptance services to 200,000 merchants in the US and Europe. In 2025, the company will roll out a cryptocurrency acceptance service to those merchants.
Ingenico, best known as a top global manufacturer of POS terminals, has formed a partnership with cryptocurrency trading platform Crypto.com.
Personal consumption expenditures (PCE), a statistic calculated by the United States Department of Commerce’s Bureau of Economic Analysis (BEA), were $18.823 trillion in the US in 2023. Purchases made for goods and services totaled $14.655 trillion, which was 77.86% of PCE. The BEA includes transactions for which no payment was made, even though a monetary […]
Shipments of 4.52 billion payment cards from the world’s largest manufacturers were published in issue 1272. In issue 1273, we published shipments of 8.79 billion SIM and other nonpayment cards. Figures shown here include payment and nonpayment cards manufactured using embedded fingerprint sensor technology, metals, recycled plastic and biodegradable materials. Not all manufacturers provided this […]
Merchants in the US that accept American Express virtual cards for business-to-business (B2B) payments can participate in a new collaboration between Amex and Boost Payment Solutions. Boost focuses on B2B payments, providing straight-through processing of accounts receivable (AR). The Boost Intercept service fully automates the receiving, parsing and processing steps of accounts receivable, including elimination […]
Of the 50.8 million devices shown here, 39.8% were QR code readers, 34.5% were non-PCI certified devices, 14.6% were dongles, 7.1% were ECRs and 4.0% were multilane and PIN entry or contactless only PIN pads.
Capital One determined the best location on specific models of NFC-enabled phones where contactless credit or debit cards could tap and be used to successfully verify the cardholder’s identity.
Purchase volume generated by debit cards from the 150 largest issuers combined reached $11.375 trillion in 2023.
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