CFPB Actions Updated
The regulator said that the banks did not properly investigate consumer complaints consistently or on time and did not provide reimbursements for fraud or errors as required by Regulation E of the Electronic Funds Transfer Act.
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PayPal Expands in Europe
Merchants in Europe will be able to use Fastlane on a white-label basis to compete against branded digital wallets from PayPal, Apple, Google and Wero. Both Visa and Mastercard offer expedited checkout services in Europe called Click to Pay.
NFC-based E-Receipts
Pi-xcels, which has three patents pending or registered on its technology, estimates the number of terminals capable of using NFC-based e-receipt technology at 40 million worldwide.
Virtual Cards for Accounts Payable B2B Transactions
More than 630,000 virtual cards are issued every week using Conferma’s technology. The company’s platform promises visibility into all details related to a buyer’s expense and the near-real-time reconciliation of payments they make.
Travel Loyalty Management for Cardholders from Odynn
Odynn has built a travel portal called Awayz that card issuers can offer on a white-label basis to help their customers get the best deals in a dynamic pricing environment.
Membership Programs for Direct Response Merchants
Membership clubs generate predictable revenue streams and customer loyalty.
Highnote Adds Acquiring
The platform’s general ledger can move funds from issuing accounts to acquiring accounts in real time.
FIS and Affirm are BNPL Partners for Debit Cards
Cardholders will be able to use an issuer’s mobile app or visit the issuer’s digital banking site to select BNPL for a purchase they just made. Or they can use those same channels to preauthorize an amount for BNPL, a feature that would likely be used for more expensive purchases.
Top 50 US Visa and Mastercard Credit Card Issuers – 2024
The US industry total for Visa and Mastercard outstandings was $1.073 trillion, up 8.6%.
Largest US Issuers of General Purpose Credit Cards
Purchase volume generated by all general purpose credit cards issued in the US was $6.136 trillion in 2024, up 5.3% over 2023.
