Nilson Report

Issue 1163 | Oct 2019

FEATURED COMPANIES

Companies featured in this issue include:

Payment Cards in the U.S.

Investments & Acquisitions—September 2019

Top Manufacturers of Payment Cards Ranked by Shipments 2018 vs. 2017

Total Payment Card Shipments by Manufacturer 2018

Payment Card Shipments by Type of Card 2018

U.S. Credit and Debit Cards Purchase Volume

U.S. Credit and Debit Cards Purchase Transactions

Credit Card Purchase Volume Market Shares in 2018 and 2023

U.S. Credit Card Outstandings 

U.S. Debit Card Purchase Volume Market Shares in 2018 and 2023

U.S. Credit and Debit Cards Total Volume

U.S. Credit and Debit Cards Total Transactions

U.S. Credit and Debit Total Cards 

U.S. Credit and Debit Cards Total Cardholders

U.S. Credit and Debit Cards Total Accounts

Top Manufacturers of Payment Cards Ranked by Shipments 2018 vs. 2017

The 46 largest manufacturers of payment cards worldwide are ranked on page 7 based on shipments in 2018. The five largest are shown below.

1. Thales
927.0 million units shipped, -2.9%
2. Idemia
800.0 million units shipped, -6.8%
3. G+D
567.0 million units shipped, +3.6%
4. Perfect
488.6 million units shipped, -9.7%
5. Goldpac
264.0 million units shipped, -0.2%

Full access to the Top Manufacturers of Payment Cards Ranked by Shipments is available when you subscribe to The Nilson Report.

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POSTED OCT 31, 2019 | PRINT

Fighting EMV Counterfeit Fraud

Start-up CardLatch is creating technology it believes will effectively eliminate losses to fraud from counterfeit EMV-compliant cards. Currently, there are more than 9 billion EMV-compliant chip cards in circulation worldwide. While fraud from counterfeiting is an $8-billion problem worldwide, those losses occur substantially from transactions initiated by a magnetic stripe, even when the card has a chip. CardLatch anticipates that as mag-stripe cards completely fade from use on the global brand payment networks, criminals will increase efforts to steal card account details from EMV cards. 

Skimming devices that sell for about $150 are already available for sale from online marketplaces. They can be used to steal data from contactless chips when operated from within three feet of a card. Other vulnerabilities in the EMV network infrastructure include cryptogram harvesting, remote data extraction, man-in-the-middle attacks at ATMs, and malicious code attacks in POS devices (called POS impersonation). 

CardLatch’s answer is software that turns every EMV card into a digital wallet capable of initiating a one-time-only virtual card number for each transaction. This will be combined with patent-pending technology that uses EMV protocol boundaries to “kill” authorization attempts from counterfeit cards. 

Unlike the unique cryptographic number that accompanies an authorization request initiated when an EMV card interacts with an EMV terminal, CardLatch’s digital wallet-like protection generates numbers that cannot be predicted. 

CardLatch says its system will work within the existing card network infrastructure, leveraging servers deployed at participating card issuers or their card account processors. A proof of concept is planned for the first quarter of 2020. 

Eyal Brosh is CEO at CardLatch in Tel Aviv, Israel, eyal@cardlatch.com, www.cardlatch.com.



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