Global Card Facts 2019

Global Card Facts 2019 Point to Weakening Spending

Global card facts 2019 reveal there is booming competition outside the U.S. for payment cards (credit + charge + debit + prepaid), especially for Visa and Mastercard. The number of payments cards-in-force globally for the four largest U.S.-based networks topped 5.6 billion this year, growing about 7% annually. American Express and Capital One are experiencing…

Biometric Payment Cards

Biometric Payment Cards Offer Frictionless Transactions with Less Cooties

As signatures for credit cards diminish in value and PINs (personal identification numbers) become more common for debit card transactions, the next wave could likely be biometric payment cards. Payments cards with smart chips have had a big impact on fraud in the U.S.. Coupled with a four-digit PIN the payment card fraud decreases exponentially.…

Canadian Cardholders & Credit

Canadian Cardholders Use Credit Cards Judiciously as Most Clear Balances Monthly

Canadian cardholders have slacked off in credit card usage this year as consumer confidence declines after hitting an all-time high in November 2018. However, the latest Visa and Mastercard reports show consumer spending was good last year, just not as good as 2017. Combined, Visa and Mastercard payment cards processed US$115 billion in purchase dollar…