Issue 1169 | Feb 2020
Companies featured in this issue include:
U.S. General Purpose Brands Purchase Volume
Investments & Acquisitions—January 2020
Card Processors Market Capitalization
General Purpose Cards Issued in the U.S. 2019 vs. 2018
Shares of Purchase Volume on U.S. General Purpose Cards 2019
Credit Card Outstandings—U.S. 2019 vs. 2018
General Purpose Credit Cards Issued in the U.S.
Purchase Transactions on Mastercard & Visa Credit & Debit Cards
Cards in Circulation Visa vs. Mastercard
Visa and Mastercard—U.S. Debit & Prepaid Cards
Visa and Mastercard—U.S. Credit, Debit, & Prepaid Cards
Credit Card Outstandings—U.S. 2019 vs. 2018
Credit card outstandings tied to consumer and commercial cards issued in the U.S. reached $1.018 trillion at year-end 2019, up 4.6% from the prior year.
1. Visa, $492.05 billion
+4.4% from prior year
2. Mastercard, $325.18 billion
+5.1% from prior year
3. American Express, $124.03 billion
+3.5% from prior year
4. Discover, $77.18 billion
+5.9% from prior year
Full access to the Credit Card Outstandings—U.S. 2019 vs. 2018 is available when you subscribe to The Nilson Report.
POSTED FEB 17, 2020 | PRINT
Fraud Fighting for Loyalty Programs
Ecommerce fraud-fighting technology for large enterprises has been the business of Forter since 2013. The company reviewed transactions valued at $150 billion last year with its fully automated platform that eliminates all manual intervention or use of any special tools that address single issues such as new account fraud.
Forter recently upgraded its platform protection to better address loyalty program fraud. As fraud fighting for ecommerce and other card-not-present payments improves every year, making it more challenging for criminals to beat the system, criminals are moving toward loyalty programs because fewer companies have deployed the resources required to protect those assets.
Reward points from airlines, hospitality providers, retailers, on-demand restaurants, and other companies have become increasingly desirable because they can be redeemed in multiple ways. The accumulated value of loyalty points in the U.S. could exceed $100 billion. Criminals now sell loyalty points on the dark web as easily as they sell stolen payment card account numbers.
Forter can protect loyalty programs from sign-up to account access and transfer/redemption of points. Protection includes the growing trend of policy abuse of coupons and promotion codes in addition to account takeover and new account fraud.
In the U.S., Forter has information related to 191 million U.S. consumers and uses it to support risk decisions in real time. Globally, Forter maintains a database of fraudulent and legitimate user behavior on over 620 million consumers.
Angela Whiteford is Chief Marketing Officer at Forter in New York, angela.whiteford@forter.com, www.forter.com.
© Copyright 2020 The Nilson Report
