The Accel interbank network links more than 400,000 ATMs throughout all 50 states, along with a few U.S. The company prides itself on its innovation, such as the first processing of an envelope-less deposit at an ATM and the first real-time direct electronic check debit. STAR was one of the first networks to focus on PIN debit, and First Data bought the company in 2003. Like what you’re reading? Click here to learn more about Insider Intelligence’s leading Financial Services research. But unlike a standard Visa check card purchase, and Interlink purchase uses a PIN and can provide cash back from the merchant. Interlink is the electronic funds transfer division of Visa and it operates primarily within the U.S. Discover saw 10% year-over-year (YoY) growth in its total network volume (TNV) in Q4 2018, to hit $99 billion. Discoverĭiscover remains in fourth place behind Visa, MasterCard, and Amex. At the start of 2021, Amex added new perks for its consumer and small business cardholders, offering a way for the card issuer to encourage spending and offset pandemic declines. American ExpressĪmerican Express (Amex) remains a force among its peer card networks even though it doesn’t have the sheer numbers of Visa or MasterCard. Additionally, the card network counts 2.5 billion cards in circulation, and Mastercard-branded cards grew 224 million YoY. Mastercard posted $3.9 billion in net revenue in Q1 2019, up 9% YoY. MasterCard is no slouch, as it has secured the No. In addition to credit and debit cards, Visa operates electronic funds transfer division Interlink. Visa posted $2.35 trillion in total payment volume (TPV) during its fiscal Q4 2020, including a 6% year-over-year (YoY) increase in US consumer spending for the month of November, mostly driven by online holiday transactions. Visa remains the king of the mountain in the card network industry. Do you work in the Financial Services industry? Get business insights on the latest tech innovations, market trends, and your competitors with data-driven research.Īlmost everyone knows the big four largest credit card networks: Visa, MasterCard, American Express, and Discover.īut the list of credit card issuers and networks extends well beyond those three heavyweights, as there are dozens of other companies around the world that each have a piece of the pie.īelow, we’ve outlined each of these companies, identified their credit card network market share, and explained what each brings to the table.We’ve outlined some of the leading credit card companies, identified their credit card network market share, and explained what each brings to the table.
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