Nilson Report

Issue 1187 | Dec 2020

FEATURED COMPANIES

Companies featured in this issue include:

Card Fraud Worldwide—in Cents per $100 of Total Volume

Fraud by Type of Card in 2019

Card Fraud Projected Worldwide 

Card Fraud Inside vs. Outside the U.S.

Global General Purpose Cards—Midyear 2020 vs. Midyear2019

Largest Debit Card Issuers Worldwide

Payment Card Manufacturers 2019

Top Manufacturer of Payment Cards—Ranked by Shipments in 2019

Top Manufacturer of Payment Cards—Visa and Mastercard

Top Manufacturer of Payment Cards—UnionPay

Top Manufacturer of Payment Cards—Other Payment

Top Manufacturer of Payment Cards—Other High Security

Global General Purpose Cards—Midyear 2020 vs. Midyear 2019

Global brand credit and debit cards—Visa, UnionPay, Mastercard, American Express, JCB and Discover/Diners—purchase volume and transactions are shown on page 8. Figures for debit cards are shown below.

1. UnionPay Debit & Prepaid
$3.528 trillion purchase volume, +0.4%
2. Visa Debit & Prepaid
$2.022 trillion purchase volume, +6.0%
3. Mastercard Debit & Prepaid
$0.899 trillion purchase volume, +11.2%

Full access to the Global General Purpose Cards—Midyear 2020 vs. Midyear 2019 results is available when you subscribe to the Nilson Report.

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POSTED DEC 1, 2020 | PRINT

Cryptocurrency Cards Use i2c Processing

More than 30 cryptocurrency companies are expected to provide products and services that link digital assets (Bitcoin, Ethereum, Tether and others) to real-world spending through the Visa and Mastercard merchant acceptance networks by the end of 2021. Among those already in the market are Wirex, Apto Payments, Crypto.com and NetCents. All are clients of payment processor i2c.

Wirex provides over three million Mastercard cards linked to assets in a cryptocurrency wallet. It brought to market the first Bitcoin rewards card. The company is a direct issuer of Mastercard cards. 

Apto Payments is a processor and value-added service provider focused exclusively on crypto companies that want to issue bank cards. Coinbase, which claims over 35 million customers worldwide, is an Apto client. 

Crypto.com offers multiple financial services, including a Visa card, to over five million consumers. 

NetCents, a money services business registered with Fintrac, is a hub for trading cryptocurrencies and a provider of the top crypto merchant gateway service. 

Those four companies and i2c’s other clients link to the company through a single API to access a front-end and back-end service stack as well as account lifecycle management services worldwide. 

All credit, debit and prepaid consumer and commercial card products processed by i2c use a single code, making integration to the company’s technology stack very simple and providing instant global reach. 

U.K.-based Wirex has customers in 130 countries. Hong Kong-based Crypto.com has customers in Asia, 31 countries in Europe and the U.S. Apto’s Coinbase client offers Visa cards (it is a principal member of Visa) in 29 countries. 

The appeal of i2c to crypto and other companies that offer card products around the world includes the fact that its authorization system has never gone down in the 19 years it has been in business.

The real-time conversion of crypto assets to fiat currency to facilitate spending at Visa and Mastercard network merchants is not a service provided by i2c. 

However, that process is not any more complicated than fiat-to-fiat foreign exchange processing for multicurrency card accounts, which i2c provides for clients including CIBC in Canada and City National Bank, Payoneer and Brex in the U.S. 

Other i2c customers include Comerica, Credit Sesame, Car IQ and Purewrist.

INTERVIEWED FOR THIS ARTICLE

Jim McCarthy is President at i2c in Redwood City, California, jmccarthy@i2c.com, www.i2cinc.com.

Prior issues: 1185, 1180, 1170, 1169, 1168, 1163, 1145, 1142, 1135, 1130, 1124



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