Visa

Top Ten Payments Companies Processed $9.5 Trillion in 2023 Payment Card Volume

Retrieved on: 
Wednesday, April 3, 2024

Collectively, the companies highlighted process over 95% of all card payment volume in the U.S.

Key Points: 
  • Collectively, the companies highlighted process over 95% of all card payment volume in the U.S.
  • Looking at the top-ranked companies, JPMorgan Chase & Co. ranks first for estimated U.S. total processing volume at $2.4T, and first for estimated U.S. total transactions at 46.2B.
  • Merchant Acquirers , sponsored by Chargeback Gurus , which features over 11,000 data points on more than 300 companies, covering national leaders to regional ISOs.
  • The top five players processed an estimated $7.5 trillion in card volume in 2023.

Global Credit Card Market Size, Share, Trends, Opportunity, and Forecast, 2018-2028F: Exploring the Surge in Private Label Credit Cards and Digital Payment Solutions - ResearchAndMarkets.com

Retrieved on: 
Wednesday, April 3, 2024

The "Credit Card Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Credit Card Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
  • As the financial landscape continually shifts towards digitization and consumer behavior evolves, the Global Credit Card Market is experiencing significant growth, with notable expansion in private label cards and increased adoption of advanced technologies.
  • The market's upward trend reflects the increasing digital payment solutions, such as contactless payments and mobile wallets, as financial services become increasingly digitized.
  • The Asia-Pacific market stands out with robust growth facilitated by the alignment of credit card offerings with the regional demand for digital payment methods.

United States Gift Card Market Forecasted to Reach $267.3 Billion by 2028 with A 5.7% CAGR, Reveals Q1 2024 Report - ResearchAndMarkets.com

Retrieved on: 
Friday, March 29, 2024

The "United States Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "United States Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.
  • The gift card market in the U.S. is forecast to increase from US$199.9 billion in 2023 to reach US$267.3 billion by 2028.
  • In the United States, the trend of mergers and acquisitions is also growing rapidly in the gift card sector.
  • Consequently, to provide gift card holders with an effective solution, United Airlines launched a gift card exchange program in the United States.

Remofirst Launches Service to Assist with the Visa Application Process in Over 85 Countries

Retrieved on: 
Wednesday, March 27, 2024

Remofirst today announced a new HR service to assist with issuing visas and work permits in more than 85 countries, covering Europe, Asia, South America, North America, Africa and Oceania.

Key Points: 
  • Remofirst today announced a new HR service to assist with issuing visas and work permits in more than 85 countries, covering Europe, Asia, South America, North America, Africa and Oceania.
  • Called RemoVisa , the new visa service processes visas for employees located worldwide, with the highest levels of compliance.
  • Remofirst helps businesses easily and compliantly employ an international workforce in more than 180 countries, with its all-in-one Employer of Record (EOR) and International Contractor solutions.
  • Then, the local Remofirst team assesses the eligibility and costs associated with the application, submits the application, and handles the visa administration.

ZEDEDA Announces New Board Member Lisa Edwards to Strengthen Operational Excellence

Retrieved on: 
Tuesday, March 26, 2024

ZEDEDA , the leader in edge management and orchestration, announced today that it has expanded its board of directors with the addition of accomplished operations leader Lisa Edwards.

Key Points: 
  • ZEDEDA , the leader in edge management and orchestration, announced today that it has expanded its board of directors with the addition of accomplished operations leader Lisa Edwards.
  • Working with some of the largest global companies in industries like automotive, energy, logistics, and retail, ZEDEDA provides scalability, security and real-time analytics to deliver competitive advantage,” said Edwards .
  • Prior to Diligent, she held executive positions at Salesforce, focusing on operational excellence and growth strategies as the company scaled from $3 billion to $20 billion in revenue.
  • ZEDEDA is committed to fostering a diverse and inclusive environment and is actively hiring for roles across the globe.

Barclays and Breeze Airways Unveil the Breeze Easy Visa Signature Co-Branded Credit Card

Retrieved on: 
Tuesday, March 26, 2024

Breeze Airways and Barclays US Consumer Bank today announced the debut of the Breeze Easy™ Visa Signature® credit card.

Key Points: 
  • Breeze Airways and Barclays US Consumer Bank today announced the debut of the Breeze Easy™ Visa Signature® credit card.
  • “Combined with Barclays’ trusted track record with major travel brands, I’m confident the Breeze Easy Visa will be THE airline card of choice for Breeze guests and frequent travelers.”
    The Breeze Easy Visa Signature card is a partnership between Breeze Airways, one of the nation’s newest point-to-point airlines, Barclays, a leading co-branded credit card issuer, along with Visa, a world leader in digital payments.
  • Barclays is a leading co-branded credit card issuer and financial services partner in the United States, with more than 20 co-branded credit card programs, online savings accounts and personal loans.
  • “In fact, by doubling the BreezePoints earned for all Breeze purchases, we can confidently say the Breeze Easy Visa makes buying and flying with Breeze ‘Twice as Nice!”
    The Breeze Easy Visa Signature card benefits include:
    50,000 BreezePoints as an introductory sign-up bonus after spending $2,000 in the first 90 days of account opening.

Mastercard Commits to Lowering U.S. Interchange for Small Businesses and Broader Merchant Community

Retrieved on: 
Tuesday, March 26, 2024

The effort delivers merchants the certainty and visibility of their acceptance programs while supporting continued competition within the industry.

Key Points: 
  • The effort delivers merchants the certainty and visibility of their acceptance programs while supporting continued competition within the industry.
  • Upon final approval of the class settlement by the court, Mastercard will have resolved the vast majority of all pending U.S. merchant litigations that are directed at seeking changes to the company’s interchange structure and merchant acceptance rules.
  • In agreeing to the settlement, Mastercard does not admit to any improper conduct with respect to the plaintiffs’ allegations.
  • That litigation and the impact to Mastercard are described in more detail in the company's Annual Report on Form 10-K for the year-ended December 31, 2023.

SmartMetric Says Its Biometric Fingerprint Recognition and Activation Credit Card Built Inside the Credit Card Will Bring Next Level Security for the Multi Billion Dollar Credit Card Industry Worldwide

Retrieved on: 
Monday, March 25, 2024

In addition, the SmartMetric biometric credit/debit card has an inbuilt hardware based live fingerprint detection created by SmartMetric and only available on the SmartMetric biometric credit/debit card.

Key Points: 
  • In addition, the SmartMetric biometric credit/debit card has an inbuilt hardware based live fingerprint detection created by SmartMetric and only available on the SmartMetric biometric credit/debit card.
  • Logic would have it as biometric credit cards proliferate non-PIN usage will expand without restriction to fingerprint biometric scan cards.
  • This allows the card to power the fingerprint scan only through the power from the card reader going into the card.
  • The SmartMetric finger scan card user simply touches the cards fingerprint sensor four (4) times an instantly their fingerprint is scanned and securely stored inside the card.

Beyond SoftPOS by RS2: The New Acceptance Solution for Merchants - Now Available on Google Play Store

Retrieved on: 
Wednesday, March 20, 2024

Beyond SoftPOS enables businesses to convert any Android device into a payment acceptance solution to accept payments anywhere at any time.

Key Points: 
  • Beyond SoftPOS enables businesses to convert any Android device into a payment acceptance solution to accept payments anywhere at any time.
  • Beyond SoftPOS is now available on Google Play Store and can be downloaded by merchants directly onto their Android smartphones, tablets and multi-purpose devices.
  • Beyond SoftPOS is an innovative approach to payment acceptance, delivering benefits for consumers, merchants and partners alike.
  • It is also available in a white-labeled solution”, said Christoph Jung, Head of Sales and Product Management.

From Ransomware to Pig Butchering, Visa Report Shows Top Scams Impacting Consumers and Businesses Globally

Retrieved on: 
Wednesday, March 20, 2024

Today, Visa released the Spring 2024 Edition of its Biannual Threats Report, which outlines the top payment threats impacting consumers and businesses around the world.

Key Points: 
  • Today, Visa released the Spring 2024 Edition of its Biannual Threats Report, which outlines the top payment threats impacting consumers and businesses around the world.
  • “Visa is uniquely positioned to address these threats, with investments in tech and innovation reaching over $10 billion over the past five years.
  • According to another recent Visa survey, more than one-third of adults surveyed decided not to report scams committed against them1, suggesting the losses are higher than reported.
  • Leveraging AI to create more convincing campaigns, pig butchering scams have led to billions of dollars of losses for consumers2.