Nilson Report

THE CURRENT ISSUE: Issue 1231 | Nov 2022

FEATURED COMPANIES

Companies featured in this issue include:

Largest Credit Card Portfolios Worldwide 2021—Ranked by Outstandings

Market Shares for the Top Issuing Countries Ranked by Outstandings

Outstandings Worldwide Ranked by Region—2011 through 2021

Top 150 Credit Card Portfolios Worldwide

Card Manufacturers 2021—Part 2

Global Brand General Purpose Cards—Midyear 2022 vs. Midyear 2021

POS Device Manufacturers—Other Devices Shipped in 2021 

Investments & Acquisitions—October 2022

Global Brand General Purpose Cards—Midyear 2022 vs. Midyear 2021

From January 1 to June 30, 2022, Visa, UnionPay, Mastercard, American Express, Diners Club/Discover and JCB credit, debit and prepaid cards collectively generated 286.20 billion transactions to purchase goods and services.

Visa
125.30 billion purchase transactions
UnionPay
89.94 billion purchase transactions
Mastercard
76.97 billion purchase transactions

Full access to the Global Brand General Purpose Cards Midyear 2022 with change vs. Midyear 2021 results is available when you subscribe to the Nilson Report.

POSTED NOV 30, 2022 | PRINT

WALMART OFFERS PAY WITH POINTS THROUGH FIS

Walmart offers consumers connected to the FIS Premium Payback program real-time redemption of points awarded by their credit card and debit card issuer at its more than 4,700 stores in the US and Puerto Rico. Each of those stores has approximately 40 POS terminals.

When consumers pay with a credit or debit card, the terminal contacts the FIS Premium Payback database of 75 million accounts. If the account holds sufficient points, the cardholder is given the option of redeeming up to $10 worth to offset the total amount of their purchase. In time, Walmart expects to offer select issuers the opportunity to provide larger point redemption opportunities.

Premium Payback aggregates more than 7,000 card reward programs linked to 45 million eligible cardholders. For Walmart, an addition to that group is Capital One, the fourth largest US credit card issuer. Capital One issues the Walmart Mastercard and private label credit card portfolios.

By partnering with FIS, Walmart is able to reach up to 45 million cardholders without needing connections to individual issuers.

Walmart uses FIS and other acquirers to handle card payments in the US and Puerto Rico. FIS is currently the only provider of Walmart’s pay-with-points offer. Other FIS customers using Premium Payback include Walgreens, PayPal, Shell and BP.

For merchants, Premium Payback transactions look the same as a typical card payment for the full amount of a purchase.

INTERVIEWED FOR THIS ARTICLE

Jamie Henry is VP Finance, Emerging Payments at Walmart in Bentonville, Arkansas, jamie.henry@walmart.com, www.walmart.com.

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