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The content in this issue — rankings of top US credit card issuers, feature articles about next-generation card and merchant account processing, stablecoins used for cross-border B2B payments, loyalty programs for digital-only retailers and BLPL for debit cards — is an excellent representation of the breadth of subjects that Nilson Report subscribers receive issue after issue.

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Visa and Mastercard credit, debit and prepaid cards issued in the US generated $9.367 trillion in purchase volume (spending for goods and services) in 2024. Below is a breakdown of credit versus debit spending by brand.