Today's card market
Card usage is increasing dramatically, and it's clear that merchants of all sizes are facing new payment challenges.
• Between the years of 2000 and 2007 the number of credit cards in use has more than doubled.
• The total amount spent in card transactions in 2006 was $1, 436.30 billion.
• Globally, approximately $30billion purchase transactions took place in 2007.
• The number of purchase transactions, globally, is likely to increase by 50% over the next 4 years.
• Visa has a market share of more than 50% in Europe.
• Internet purchases are increasing annually by approximately 30%.
• Between the years of 2000 and 2007 the total amount of (card not present) fraud within the UK has tripled.
