Purchase volume generated by the 150 largest issuers of debit cards totaled $9.888 trillion in 2020, down 5.7% from 2019. The top 10 issuers accounted for 60.1% of purchase volume in 2020. That group was dominated by five issuers from China, where most of the purchase volume was generated by UnionPay cards. Those five issuers […]
Merchants as small as sole proprietorships can benefit from ecommerce fraud fighting from Seon. The four-year-old company was formed to provide fraud protection to small and midsized businesses. The company gains new customers, in part, from its 30-day free trial. Merchants onboard themselves and test the Seon scoring engine through a user interface that lets […]
Worldline’s Ingenico business unit is known for its POS terminals. Nearly 40 million devices worldwide carry the Ingenico brand. However, the company is pivoting from hardware to software with the commercial launch of PPaaS—payments platform as a service. The cloud-based, API-driven PPaaS, which will launch in 9 countries, was created to give merchant acquirers the […]
There were 4.26 billion payment cards shipped in 2020 by the manufacturers listed here. That figure included 3.53 billion chip cards and 695.9 million magnetic-stripe-only cards. Another 31.1 million cards used barcodes, scratch-off or other means to initiate transactions but had neither chips nor magstripes. The six largest manufacturers combined shipped 3.07 billion payment cards […]
In partnership with Barclays Corporate & Investment Bank, Barclaycard Payments is offering ecommerce merchants in Europe the opportunity to accept payments in the local currency of a buyer and to receive settlement in British pounds sterling, euros or U.S. dollars. Barclaycard Multicurrency provides merchants an assurance of the foreign exchange conversion rate when they authorize […]
Global brand, domestic-market-only and private label credit, debit and prepaid card purchases for goods and services plus cash advances and ATM withdrawals (including on-us activity) generated $41.962 trillion in total volume in 2020, down 0.8% from 2019. Gross card fraud, which is expressed in basis points (cents) per $100 in total volume, was 6.81 cents […]
Visa and Mastercard merchant acceptance networks are the largest among the global card brands with 80.0 million at the end of the third quarter of 2021. This includes in-store, online and micromerchants that use smartphones and tablets as POS terminals. However, the 80 million figure does not include as many as 20 million additional small […]
There are 93 general purpose card brands worldwide that operate only in their native country. These cards can be debit or credit. In our annual survey of domestic market-only cards outside the U.S., we identified 73 issuers. Collectively, debit cards from these issuers generated $237.81 billion in purchase volume for goods and services in 2020. […]
Publicly traded Pax Technology is the fifth largest manufacturer worldwide of POS terminals. Last month, the United States Department of the Treasury’s Office of Cybersecurity & Critical Infrastructure Protection (OCCIP) was made aware that some Pax terminals deployed in the U.S. potentially posed a risk to the confidentiality of customer data. OCCIP was informed by […]
The combined purchase volume (spending for goods and services) of the 50 largest general purpose payment card issuers in the Latin America and Caribbean (LA&C) region was $611.67 billion in 2020. The top 50 issued 679.9 million credit, debit and prepaid consumer and commercial cards with global brands—Visa, Mastercard, Maestro, Discover, Diners Club, American Express […]
