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Issue 1302

Award-winning business intelligence, payment card statistics, industry news, and dozens of executive contacts in every issue. Subscribers receive 22 issues a year.
Newsletter
February 2026

Listen to highlights from this issue

Featured Article

Badge Opens Access to Apple and Google Wallets

Badge has raised $17.1 million in capital since its founding in 2023. A $13.8-million Series A round in December 2025 was led by TTV Capital, with participation from Stripe, Synchrony Ventures and Infinity Ventures.
Featured Chart

Amex, Discover, Mastercard and Visa US Credit Card Issuers — 2025

The 10 largest issuers combined held a 82.29% market share of US industry outstandings at year-end 2025.

Featured Companies

Message from the Publisher

The Nilson Report will raise subscription prices this year. We share this information with you early in the hope that you will use it to encourage workplace colleagues to start their own subscription before the cost of our best-in-class business intelligence increases. Everybody appreciates a good deal. Your colleagues will appreciate your advice.

David Robertson, Publisher
February 28, 2026

ARTICLES IN THIS ISSUE

CHARTS IN THIS ISSUE

Amex, Discover, Mastercard and Visa US Credit Card Issuers in 2025

Market Shares of Purchase Volume for General Purpose Credit Card Issuers

The 30 Largest US Credit Card Issuers — 2025

Card Account Processing and Card Issuance Deals (Commercial Card Issuing)

Card Account Processing and Card Issuance Deals (Card Issuer Processing)

Card Account Processing and Card Issuance Deals (Consumer Card Issuing)

Top 15 Mastercard and Visa Credit Card Issuers in the US (Ranked by Outstandings 2019-2025)

Top 50 Mastercard and Visa Credit Card Issuers in the US (Ranked by Outstandings in 2025)

Consumer Direct ACH Transactions — 2025

Publicly Traded Companies in Payments

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