Spending at Merchants Using U.S. Cards Reached USD 6.7 ... · mobile payment trade publication....
Transcript of Spending at Merchants Using U.S. Cards Reached USD 6.7 ... · mobile payment trade publication....
! Friday, 09 August 2019
Custom Search
Home News Maps Education Recipes Travel Names Games Currency
Home » News » United States News
Spending at Merchants Using U.S. CardsReached USD 6.7 Trillion
Aug 08, 2019 (1 day ago) | PRN
CARPINTERIA, Calif: Credit, debit, and prepaid cards issued in the UnitedStates generated USD 6.699 trillion in purchase volume (spending for goodsand services) in 2018, according to The Nilson Report, the leading card andmobile payment trade publication.
Credit cards accounted for 54.90% of allpurchase volume, down from 55.07% in 2017.Debit and prepaid card market share was45.10%, up from 44.93% the prior year. Debitcards gained market share for the first timesince 2011.
The top 10 issuers based on combined purchasevolume remained in the same position in 2018compared to 2017. JPMorgan Chase continuedas the largest issuer of consumer and
commercial credit, debit (including EFT network), and prepaid cards with a combinedpurchase volume of $1.064 trillion in 2018. It was the first payment card issuer whosecustomers generated more than $1 trillion in spending in one year.
American Express remained the largest issuer based on credit card purchase volume,followed by JPMorgan Chase, Citibank, Bank of America, and Capital One in the top five.Wells Fargo was the largest issuer based on debit, followed by Bank of America, JPMorganChase, PNC Bank, and U.S. Bank. The largest prepaid card issuer was The Bancorp Bank,followed by MetaBank, Green Dot, Comerica Bank, and JPMorgan Chase.
Plan Your Financial FutureCorio & Associates
Now that you've made it, it's time to plan for your future. Let us help.
OPEN
∠ World News
∠ India News
∠ Health News
∠ Technology News
∠ Literature News
∠ Special Features
∠ Middle East
∠ United Kingdom
∠ United States
# Business News
# India Regional News
# Sports News
# Entertainment News
Custom Search
News Channels
Like This Article?Spending at Merchants Using U.S. Cards Reached USD 6.7 Trillion
Post your comment
Read other United States News stories
Visit Home Page for latest updates
US Passport Expedited
Ad rushmypassport.com
Is it splitsville forPriyanka and Nick?
newkerala.com
Meet The Ridge Wallet
Ad The Ridge Wallet
Stylish Suhana Khanrocks dungarees
newkerala.com
The Suite Life
Ad The Logan
Priyanka trips, claspsNicks arm, avoids fall
newkerala.com
Disha Patanis dinnerouting with AdityaThackeray
newkerala.com
Ananya gets playful withSRKs son AbRam
newkerala.com
Top News Stories
$ Quick Links
% Astrology
% Education
% Gallery
% Kerala Info
% Temples of India
% Indian Dance
% Festivals of India
% Music of India
% Recipes
% Self Help
% Astrology
% Education
% World Time Now
% Maps India
% Travel
% Gold Price
% News
% Kerala Recipes
% India Info
% Currency Rates
© 2001-2019 newkerala.com
Kirti Kulhari joins 'The Girl on theTrain'
Role in 'Girl On The Train'remake most diLcult forParineeti
Akshay is one of the mosthardworking actors: Katrina
Shilpa Shetty's new picmotivates fans to stay Qt
When Aditya Chopra gaveAyushmann a vital tip
The world needs more wickedwomen: Angelina Jolie
Privacy Policy Terms of Service Cookie Policy Contact Us