Industry News

Credit Card Statistics And Trends

"JP Morgan Chase was the largest U.S. credit card issuer by purchase volume in 2024 at more than $1.344 trillion, according to Nilson, followed by American Express at $1.168 trillion and Citi at $616.1 billion."

FINDUSTRY AI builds AI agents for payment workflows, including Chargeback Agent, which automates disputes from end to end. Chargeback Agent collects evidence, builds arguments and submits responses, so that merchants don’t have to. Maverick Payments, a full service payment provider to ISVs, ISOs and financial institutions, has added Chargeback Agent to its platform.

AMERICAN EXPRESS corporate customers that use central-bill funding accounts can now create, manage and use Amex virtual cards in Amex’s software platform, @ Work.

PAYPAL has integrated with Nelnet Campus Commerce (NCC) making PayPal and Venmo tuition payment options to more than 8 million college students at over 1,000 campuses. NCC is PCI Level 1 validated and integrated with all top ERP systems. PayPal’s Venmo P2P payment platform has more than 100 million active users in the US.

ACCERTIFY, a fraud prevention platform provider that analyzed more than 10 billion transactions valued at over $1 trillion in 2025, has received HIPAA compliance. The company can now work for heathcare organizations and healthcare-adjacent businesses. Losses to fraud cost the US healthcare industry more than $65 billion annually, including a rising problem tied to HSA cards.

SWIPESIMPLE, the payment platform of CardFlight, now offers its more than 125,000 small business customers ACH-based bank-to-bank payments through invoices and payment links. The new capability is provided by Nuvei. ACH in SwipeSimple is available through Cardflight’s network of resellers.

MARQETA will provide its card issuing clients with access to preauthorization risk intelligence based on Riskified’s global network of merchant transaction data. Riskified’s data, available directly in Marqeta’s card issuing platform, helps issuers approve more legitimate transactions and reduce false declines.

UNIONPAY INTERNATIONAL will expand merchant acceptance in nine countries in Africa through a partnership with South Africa-based Standard Bank. Nearly 900 online merchants based in Botswana, Ghana, Kenya, Malawi, Namibia, Tanzania, Uganda, Zambia and Zimbabwe will offer UnionPay card acceptance in local currency, USD or both. More than 7 million UnionPay cards are issued in Africa.

INTER PAG, the merchant acquiring business of Banco Inter that serves more than 100,000 small and midsize businesses in Brazil, will deploy ACI Worldwide’s cloud-based ACI Acquiring Platform, which also includes back office card management capabilities from RS2.

GCASH, the top mobile payment service in the Philippines, will expand in-store payment options for its 40 million active monthly users by allowing access to Visa and Mastercard cards. The Gcash mobile app is also used for bill payments, domestic money transfers and airtime purchases. GCash’s parent company, Mynt, is planning an IPO on the Philippine Stock Exchange by the end of 2026.

PPRO, a local payment platform provider to PSPs, will work with Blik, the top payment brand in Poland for e-commerce transactions, to develop capabilities for agentic commerce. Polski Standard Płatności is the operator of BLIK.

LITHIC and MONAVATE have formed a partnership to offer companies combined card account processing and global card program management. Monavate holds Visa, Mastercard and Discover issuing licenses, has its own BINs in the UK and EEA and provides global settlement capabilities. Lithic offers credit, debit and prepaid card processing support including direct network connections.

ELAVON, the 10th largest merchant acquirer in Europe, has renewed its partnership with Sage, provider to small and midsize businesses of software that handles accounting, financial, HR and payroll. Sage customers in Ireland and the UK gain access to Elavon’s integrated acquiring and gateway services.

HESAB will issue up to 1 million Visa cards in Afghanistan through Visa Pay, which embeds support for ecommerce, remittances, virtual cards, disbursements and processing enablement in mobile apps.

SECURE TECHNOLOGY ALLIANCE has launched the Agentic Trust and Commerce Forum to bring together companies from multiple industries, including LLM (large language model) providers, to address trust, interoperability and governance challenges associated with AI agents that transact on behalf of consumers and businesses. The forum aims to develop practical, consensus-driven frameworks that reflect how payments, identity and commerce actually work. The Agentic Trust and Commerce Forum was spun out of the U.S. Payments Forum.

PARKOPEDIA and PARKMOBILE are collaborating to deliver in-car payments for parking at 80,000 US locations. ParkMobile connects to parking locations nationwide. Parkopedia provides the integration expertise needed to embed parking payments into a vehicle’s dashboard. Both companies are owned by Arrive Solutions.

NUVEI’S global payment infrastructure has been embedded into Blackline’s invoice presentment and payment workflows service for finance teams at enterprise-sized companies. Blackline customers can settle an invoice as soon as it is received and have the payment matched and reconciled automatically.

VARO BANK, an all-digital, nationally chartered consumer bank, has connected to 2,000 Kroger store locations through the Green Dot embedded finance platform and money processing network. The bank’s customers gain access to a no-fee, over-the-counter capability to add cash to their bank accounts.

ADYEN will provide payment processing for Eli Lilly’s LillyDirect platform, which sells FDA-approved medicines in the US with free home deliveries. The Intelligent Payment Routing feature on Adyen’s platform uses AI to automatically select the most efficient debit network for each payment. Payment options include cards, Apple Pay, Google Pay and HSA/FSA cards.

CORPAY, a corporate payments company that helps businesses and consumers pay vehicle-related and travel expenses as well as payables, has introduced Agent Card, a virtual card product that acts directly on behalf of buyers with the same controls available on traditional virtual cards.

EBANX, which provides global ecommerce companies the ability to offer hundreds of local payment acceptance methods to consumers across Latin America, Asia and Africa, has partnered with Pagaleve in Brazil. The companies will offer global businesses the ability to offer Pix 4x, a buy now, pay later service to 60 million consumers in Brazil who do not have credit cards. Pix is used by 170 million consumers in Brazil, where more than 45% of ecommerce transactions are processed as installment payments.

CHAINIT and RS SOFTWARE are partners in an alliance to bring risk-based authentication to account-to-account payments. India-based RS Software provides a fraud and risk platform that scores transactions in milliseconds using behavioral, device and contextual signals. ChainIT’s platform focuses on verifying identity and data tokens while providing auditable transaction workflows.

ARAB FINANCIAL SERVICES (AFS), which is owned by 36 banks and financial institutions in the Middle East and Africa, will introduce Mastercard branded corporate credit and prepaid cards integrated with its AFS Pro mobile app in the UAE and Egypt.

NAYAX, the Israel-headquartered provider of embedded financial services, payment processing and loyalty programs, has filed an application with the Connecticut Department of Banking to establish Nayax America Bank, a non-depository institution. The bank will be wholly owned by Nayax USA Holdings. Once chartered, the bank will enable US customers to access financial services, including corporate cards, working capital and merchant cash advances.

CHANGE offers a technology platform that enables companies to manage compliant charitable giving programs through its Donation API, compliance dashboard and verification tools. The company uses Finix, a full-stack payment processor, to offer a white-label service that enables companies to launch programs that route donations to nearly 10,000 nonprofits in the US.