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.

Nov 29, 2022

Fortune

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

Bloomberg

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

CNBC

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

Bloomberg

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

Insider

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

Insider

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

NFCW

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

Forbes

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

Apr 27, 2022

Coindesk

Bitcoin Payments: The Beginning of Something Extraordinary
Card fraud alone is expected to reach about $40 billion per year for the next decade, according to the Nilson Report. In the same report, Nilson also calls out the problem of Personally Identifiable Information (PII) available for sale on the dark web. > See Article

Apr 26, 2022

Quartz

Your no annual fee credit card is costing you $700 a year, US retailers say
"Over the past 10 years, swipe fees have more than doubled to $137.8 billion in 2021, according to the Nilson Report."   > See Article

Apr 26, 2022

New York Post

Why you now need to carry a wad of cash to dine out in NYC
With increasingly thin profit margins, general inflation and rising credit card fees — merchants in the US paid $137.83 billion in processing costs in 2021, up 24.3% from the prior year, according to a Nilson report — it’s yet another way for restaurants to try and stay afloat in challenging times. > See Article

Apr 22, 2022

Fortune

Visa and Mastercard have already cut ties with Russian banks. Now China’s largest credit card brand might be pulling out too
UnionPay, launched in 2002, is a state-led financial services network operated by China’s central bank, the People’s Bank of China, and is the world’s second largest card brand with a 32% market share, according to 2020 data from the Nilson Report. > See Article

Apr 15, 2022

The Wall Street Journal

Visa, Mastercard Fees to Hurt Consumers, Sen. Dick Durbin Says
"U.S. merchants paid card issuers an estimated $55.4 billion in Visa and Mastercard credit-card interchange fees last year, more than double the amount in 2012, according to the Nilson Report, a trade publication."
> See Article

Apr 13, 2022

AOL

How To Get Fraudulent Charges Removed From Your Credit Card
"According to (the) Nilson Report, credit card fraud losses reached about $28.58 billion worldwide in 2020, with the U.S. alone responsible for more than a third of the total global loss." > See Article

Apr 7, 2022

Payments Dive

There was no stopping credit card fee hikes this year
"The card industry research firm The Nilson Report issued a report this month showing a sizable increase in credit card fees last year. "Merchants (in the U.S.) paid $105.23 billion in processing fees to accept credit cards last year, an increase of 25.1%," the report said." > See Article

Apr 3, 2022

AutoBlog

Visa changes rules for gas stations to avoid $125 pump limit
"In 2020, merchants paid $110 billion to accept electronic payments, a 5.2% decline from a year earlier, according to the Nilson Report, a trade publication. That drop came even as spending on cards rose overall in 2020, the latest for which data is available."
> See Article

Apr 1, 2022

Bloomberg

Visa Changes Rules for Gas Stations to Avoid $125 Pump Limit
"In 2020, merchants paid $110 billion to accept electronic payments, a 5.2% decline from a year earlier, according to the Nilson Report, a trade publication." > See Article

Mar 18, 2022

The Paypers

Paynovate taps iDenfy´s ID verification solution
"According to the press release, credit card fraud remains at the top of the fraudsters’ list. A Nilson Report reveals that this form of identity theft is expected to reach USD 12.5 billion in card fraud losses in the US by 2025." > See Article

Mar 15, 2022

24/7 Wall Street

5 Buy-Rated Warren Buffett Dividend Stocks Have Big Upside Potential as Interest Rates Move Higher
"According to Nilson estimates, Mastercard is the third-largest global credit and debit network, as measured by volume." > See Article

Mar 11, 2022

Fortune

What is UnionPay? China’s alternative to Visa and Mastercard is a controversial new lifeline for Russians as Western sanctions bite
"Visa is the dominant global card brand by transaction amount, according to 2020 numbers from The Nilson Report..." > See Article

Mar 9, 2022

Protocol

UnionPay has an opening in Russia
"UnionPay is much larger than you think. It´s already the largest network by number of cards in circulation due to the sheer size of the Chinese economy, said David Robertson, publisher of The Nilson Report. While best known and mostly used inside China, where it has about 90% market share, it is growing outside China as well." > See Article

Mar 9, 2022

Business Insider

Visa and Mastercard´s long-delayed interchange hikes may arrive next month
"...Visa and Mastercard merchant fees reached an estimated $55.39 billion last year—more than double the 2012 total, per The Nilson Report." > See Article

Mar 8, 2022

Wall Street Journal

Visa, Mastercard Prepare to Raise Credit-Card Fees
"U.S. merchants paid card issuers an estimated $55.4 billion in Visa and Mastercard credit-card interchange fees in 2021, more than double the amount in 2012, according to the Nilson Report." > See Article

Mar 8, 2022

Forbes

Mastercard And Visa Suspend Operations In Russia Over Invasion Of Ukraine
"Mastercard and Visa cards accounted for nearly 74% of card payment transactions in Russia in 2020, according to the Nilson Report." > See Article

Mar 5, 2022

Wall Street Journal

Visa and Mastercard Suspend Russian Operations
"Among the debit and credit cards issued in Russia, Visa and Mastercard cards accounted for 74% of payment transactions in the country in 2020, according to the Nilson Report, a trade publication." > See Article

Mar 4, 2022

The Motley Fool

What Are the Biggest Credit Card Companies
"Within our article, we used data provided by the Nilson Report. The organization looked at the 2019 market share for the top credit card issuers based on outstanding card balances. We used this data to compile the list below." > See Article

Mar 1, 2022

Wall Street Journal

Russian Consumers Cut Off From Many Foreign Purchases
"Among the debit and credit cards issued in Russia, Visa and Mastercard cards accounted for 74% of payment transactions in the country in 2020, according to trade publication the Nilson Report." > See Article

Feb 21, 2022

Bankrate.com

List of credit card companies: major issuers and networks
"In the meantime, the latest Nilson report shows that American Express cards are also accepted at 99 percent of places that accept credit cards around the U.S." > See Article

Feb 18, 2022

Banking Dive

Discover backs card-free payments
"Merchants paid $53.6 billion in Visa and Mastercard interchange fees in 2019, per the Nilson Report." > See Article

Feb 17, 2022

U.S. News and World Report

8 Biggest U.S. Credit Card Companies This Year
"Credit cards made up more than half of all card purchases and generated $3.61 trillion in purchases in 2020, according to the most recent figures available from The Nilson Report, a newsletter covering the global payment industry." > See Article

Feb 14, 2022

Wall Street Journal

Discover Is Bringing a Payment Option Popular in Asia to the U.S.
"Though its cards are widely accepted, Discover badly lags behind its bigger competitors— Visa Inc., Mastercard Inc. and American Express Co. It accounted for just 2% of card transactions on major U.S. networks in 2020, according to the Nilson Report. Visa had 65%." > See Article

Feb 11, 2022

Wall Street Journal

Apollo Nears $2.3 Billion Deal for Worldline’s Terminal Business
"Worldline’s terminal business is Europe’s No. 1 provider of point-of-sale terminals technology, based on terminals shipped in 2019, according to Nilson Report. In the U.S., Worldline is the No. 2 player, behind VeriFone, Inc." > See Article

Feb 8, 2022

Payments Dive

UnionPay expands pact with Fiserv
"Based on 2020 statistics from industry research firm Nilson Report, UnionPay´s 8.96 billion credit and debit cards in circulation were the most of any company, but San Francisco-based Visa still ranks higher by other measures. Visa´s transaction market share that year was 40% to UnionPay´s 32%, according to Nilson." > See Article

Feb 1, 2022

Forbes

Buy Now, Pay Later: The New Credit Card Acquisition Channel
"...According to the Nilson Report, however, the 100 largest US issuers of Mastercard and Visa credit cards generated $1.492 trillion in purchase volume in the first half of 2021, up 22% from the first half of 2020." > See Article

Jan 26, 2022

American Banker

JPMorgan sees Viva Wallet investment as building block in Europe
"JPMorgan is the top e-commerce merchant acquirer in Europe, processing 5 billion web transactions in 2020, out of 22 billion total European web purchases, according to Nilson." > See Article

Jan 24, 2022

NACS Online

A Central Bank Digital Currency Could Improve Payments, Fed Says
"For Visa and Mastercard credit cards—which account for nearly 80% of the U.S. credit card market—swipe fees averaged 2.22% of the purchase price and totaled $61.6 billion in 2020, up 137% over the previous decade, according to the Nilson Report." > See Article

Jan 20, 2022

Forbes

Consumers Flock To Mobile Payment Apps, Crypto, And Contactless Payments
"Visa and Mastercard account for nearly 80% of the U.S. credit card market, and swipe fees for Visa and Mastercard credit cards combined totaled $61.6 billion in 2020, up 137% over the past decade, according to the Nilson Report." > See Article

Jan 20, 2022

NACS Online

Merchants Call on U.S. Regulators to Examine Swipe Fees
"Visa and Mastercard account for nearly 80% of the U.S. credit card market, and swipe fees for Visa and Mastercard credit cards combined totaled $61.6 billion in 2020, up 137% over the past decade, according to the Nilson Report." > See Article

Jan 20, 2022

American Banker

CFPB suggests credit card giants may not be playing fair
"...The bureau did not identify the eight largest issuers by name. The list includes American Express, Bank of America, Capital One Financial, Citigroup, Discover Financial Services, JPMorgan Chase and Wells Fargo, according to the Nilson Report." > See Article

Jan 19, 2022

Bloomberg

Retailers Ask U.S. Regulators to Examine Visa, Mastercard Fees
"Retailers now spend more than $110 billion to accept credit and debit cards every year, according to the industry publication the Nilson Report." > See Article

Jan 19, 2022

MarketScreener

Fair Isaac : Top 5 Fraud and Financial Crime Topics of 2021
"More recently, in December the Nilson Report quantified global card fraud losses at $28.65 billion. That´s nearly 7 cents per every $100 in spending, representing significant losses across issuers, acquirers, and merchants." > See Article

Jan 19, 2022

Merchants Payments Coalition

MPC Letter Highlights Amazon Action on Visa Credit Cards in UK
"Visa controls only 39 percent of the credit card market in the UK, compared with 55 percent by transaction volume in the United States, while its closest rival, Mastercard, accounts for only 23 percent of the U.S. market. Together, the two account for nearly 80 percent of the U.S. credit card market, and swipe fees for Visa and Mastercard credit cards combined totaled $61.6 billion in 2020, up 137 percent over the past decade, according to the Nilson Report." > See Article

Jan 19, 2022

Merchants Payments Coalition

MPC Letter Highlights Amazon Action on Visa Credit Cards in UK
"Visa controls only 39 percent of the credit card market in the UK, compared with 55 percent by transaction volume in the United States, while its closest rival, Mastercard, accounts for only 23 percent of the U.S. market. Together, the two account for nearly 80 percent of the U.S. credit card market, and swipe fees for Visa and Mastercard credit cards combined totaled $61.6 billion in 2020, up 137 percent over the past decade, according to the Nilson Report." > See Article

Jan 7, 2022

International Gaming Business

After Wirecard´s winding-up, what next for the payments sector?
"According to a Nilson report released earlier this quarter, whilst the volume of payment processing increased in 2021, the number of fraudulent claims (by card holders as well as merchants) exploded at a higher rate together with the quantity of chargebacks." > See Article

Dec 16, 2021

Business Insider

Klarna´s account-to-account payments bring greater transaction choice and cut costs
"The A2A integration can help Klarna save on interchange fees—which cost US merchants $44.4 billion last year, per the Nilson Report — helping increase its bottom line." > See Article

Dec 15, 2021

Payments Dive

Card industry faces $400B in fraud losses over next decade, Nilson says
"Card fraud over the next decade will cost the industry a collective $408.50 billion in losses globally, according to an annual report from the industry research firm Nilson Report." > See Article

Dec 13, 2021

U.S. News and World Report

Stripe vs. Block
"...With the Nilson Report indicating that credit card payments accounted for more than $4 trillion of the payment volume in the United States in 2019, payment processors are an essential service for merchants to do business." > See Article

Dec 10, 2021

The Brown Political Review

How America’s Cashless Economy Has Punished the Homeless for Being Poor
"A 2019 Nilson report found that ​​82.2% of American adults have a debit card, and 71.67% of American adults have a credit card." > See Article