Nilson in the News

Relevant and respected. The Nilson Report is quoted by more business news publications than any other in the payments industry.

A sampling of the articles where our proprietary data has been featured this past 12 months appears below.

Apr 5, 2023

USA Today

List of Credit Card Companies
"Both Visa and Mastercard are widely accepted, with both estimated to be accepted at more than 100 million online and in-store merchants worldwide, according to the Nilson Report." > See Article

Mar 17, 2023


Silicon Valley Bank fallout and worries over banking sector may prompt credit-card issuers to further tighten lending standards
"“Initial reactions by issuers will be to more closely review new applicants for their credit cards and raise the bar on creditworthiness,” said David Robertson, publisher of the Nilson Report, a subscription-only payment card industry trade journal..." > See Article

Mar 15, 2023


Common Concerns When Choosing A Fraud Detection Solution
"In December 2022, The Nilson Report forecasted that bank card fraud losses in the United States would soar to $165.1 billion over the next ten years. These staggering figures are prompting banks, online stores, insurance companies, telcos, and government agencies to prioritize their customers´ safety." > See Article

Feb 15, 2023

Banking Dive

Retailers oppose banks seeking more time on debit routing rule "Debit fees cost merchants $32.6 billion in 2021, and credit and debit fees amounted to $137.8 billion that year — a figure that doubled from a decade earlier, the Merchants Payments Coalition said in a Tuesday press release, citing research from the Nilson Report." > See Article

Feb 9, 2023


How small businesses are fighting inflated credit card swipe fees
"The European Union cracked down on similar increases, capping fees in 2015 at 0.2% for debit card purchases and 0.3% for credit card purchases. In the U.S. the average rate for Visa and Mastercard was 2.22% in 2021, according to market research firm the Nilson Report." > See Article

Nov 30, 2022

Payments Dive

FIS, Fiserv could benefit from credit legislation
"´It’s a tough market battle between the titans,” said David Robertson, publisher of industry publication The Nilson Report. “It’s really the big merchants and the big processors on one side, and the big banks and the big networks on the other.´" > See Article

Nov 29, 2022


What are credit card surcharges and where are they legal?
"According to November data from the Nilson Report, consumer and commercial credit, debit, and prepaid general-purpose cards generated $9.7 trillion in transactions in 2021: a 22.5% increase over the previous year." > See Article

Oct 19, 2022

Insider Intelligence

FTC reportedly expands debit card routing probe to consider Mastercard and Visa tokenization
"The rule was designed to create card network competition: Visa and Mastercard accounted for more than half (63%) of global card network volume last year, per the Nilson Report." > See Article

Oct 18, 2022

The National Law Review

Analysis of CFPB Developments Regarding the BNPL Industry
"BNPL providers cover the costs of these programs and make their money through merchant discounts. Just like credit card companies (that can charge up a 3.5% discount to a merchant—from Nilson Report data), BNPL providers send funds to merchants in an amount less than the “cash price” listed on the merchant’s website." > See Article

Oct 12, 2022

The Hill

Retailers wage last-ditch battle against credit giants over swipe fees
"American merchants spent $105 billion on those fees in 2021, an increase of 25 percent from the previous year as consumer spending exploded, according to the Nilson Report." > See Article

Oct 10, 2022

American Banker

Behind the Bancorp´s decision to pursue a national charter
"It (Bancorp) is the eighth-largest debit and prepaid card issuer by purchase volume in the U.S., according to the April issue of The Nilson Report, a newsletter for the global card and mobile payment industry." > See Article

Sept 22, 2022

Financial Times

How JPMorgan’s plan to kill credit cards split the bank
"Skimming a little bit from every card swipe adds up. In 2020, merchants in the US paid about $110bn in processing fees for $7.6tn worth of card transactions, according to the Nilson Report." > See Article

Aug 19, 2022

Fast Company

Venmo, Zelle, Visa, Mastercard, and you: The fiery fight over the future of swipe fees
"Altogether, merchants paid credit card companies more than $137 billion in processing fees (debit and credit) during 2021, according to the Nilson Report." > See Article

Aug 12, 2022


Mastercard Faces Retailer Backlash Over Installment Payments
"Merchants have grown increasingly vocal about the cost of accepting electronic payments, with processing fees soaring to $137.8 billion last year alone, according to industry publication The Nilson Report." > See Article

Aug 10, 2022


Apple Card’s rapid growth, outside vendors blamed for mishaps within Goldman’s credit-card business
"...Outstanding loans by Goldman nearly doubled last year, according to the Nilson Report."   > See Article

Jul 27, 2022


Visa, Mastercard Swipe Fees Targeted in Planned Senate Bill
"These fees often amount to just pennies per transaction. But, last year alone, merchants paid $137.8 billion in processing fees, up 24% from 2020, according to the industry publication The Nilson Report." > See Article

Jun 28, 2022


Wells Fargo plays up rewards with new Autograph card "Wells Fargo ranked among the top three debit card issuers in 2020, but it stood at No. 8 in the credit card market, according to the Nilson Report." > See Article

Jun 28, 2022


Wells Fargo plays up rewards with new Autograph card "Wells Fargo ranked among the top three debit card issuers in 2020, but it stood at No. 8 in the credit card market, according to the Nilson Report." > See Article

Jun 6, 2022


Global chip shortages drive increased costs for contactless card manufacturers and issuers
"The price of EMV-compliant chips supplied to contactless payment card manufacturers increased by more than 50% in 2021 and is expected to rise by more than 20% during 2022 with the overall cost to card issuers for finished first-use plastic cards rising by between 5% and 20% during 2021, according to US research firm The Nilson Report." > See Article

May 24, 2022

Payments Journal

Is Your Business Ready for ‘Chargeback-tivism’?
"Along with organized criminals who use the chargeback system as part of account takeovers and related fraudulent activities, such “friendly fraud” disputes are now a major expense for businesses, which lost a total of $28.58 billion to payment card fraud in 2020, according to the Nilson Report." > See Article

May 18, 2022

Payments Dive

FIS knocks Fiserv out of No. 2 merchant acquirer spot
"David Robertson, publisher of The Nilson Report, attributed Fiserv’s slide in the ranking to the end of a joint venture it had inherited. That joint venture had been between First Data – acquired by Brookfield, Wisconsin-based Fiserv in 2019 – and Bank of America, but the companies announced they were dissolving it that same year, with the break-up happening in June 2020. That affected Fiserv’s share among merchant acquirers."   > See Article

May 18, 2022

Buzzfeed News

Two-Card Monte: Why Mastercard And Visa Rarely Shut Down Scammers Who Are Ripping Off Consumers
"In 2020, credit card fraud accounted for an estimated $10 billion in the US alone." > See Article

May 10, 2022


New Innovations—Including Crypto Cards—Energizing The ‘Dying’ Credit Card Market
"The use of physical cards may decline, but there is simply too much supply and demand for credit in the market. In fact, the Nilson Report projects that credit card purchase volume in the US will grow 39% between 2021 and 2026, with outstandings increasing by 35% over the same period." > See Article

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Global Brand Card Networks Worldwide–Purchase Transactions (Bil.) in 2022