The Nilson Report

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.



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,,

© Copyright 2020 The Nilson Report

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