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CU System
24 CUs Among Top 100 Cards Issuers
CARPINTERIA, Calif. (6/27/13)--Twenty-four credit unions are among the Top 100  U.S. debit and credit card issuers, according to new research from The Nilson Report.

The Carpinteria, Calif.-based publication noted that more than half of all credit, debit and prepaid card transactions worldwide involving payments at merchants are generated by Visa cards.

Of the 61.76 billion credit cards in play, Visa has 50.1% of the market share, while MasterCard has 33.5% and American Express, 8.5%. UnionPay (5.4%), JCB (2.3%) and Diners (0.3%) round out the list.  Visa dropped 75 basis points and MasterCard dropped one basis point from the last survey, while UnionPay rose 83 basis points.

For the 73.57 billion debit cards issued, Visa generated 76.9% of the market--a decrease of 165 basis points-- while MasterCard captured 18.9% of the market, for a 101-basis points gain.

None of the credit unions are listed in the top 20 debit, credit and prepaid card issuers. That list was topped by JP Morgan Chase, Bank of America, American Express, Wells Fargo and Citibank.

Three credit unions are in the Top 50 rankings: Vienna, Va.-based Navy FCU is ranked at No. 22, State Employees' CU, Raleigh, N.C., is at 35 and BECU, Tukwila, Wash., is at 45.

Thirty-one credit unions are also listed in the top 100 issuers of debit cards (by purchase volume) said the report.

For more information about the report, entitled, "Largest Issuers and Acquirers of Payment Cards Worldwide," use the link.
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