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Here’s What Industry Insiders Say About Bank Of America Commercial Prepaid Card | Bank Of America Commercial Prepaid Card

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CARPINTERIA, Calif.–(BUSINESS WIRE)–Purchase aggregate at merchants for accepted purpose-type customer and bartering credit, debit, and prepaid cards issued in the U.S. totaled $4.910 trillion, up 8.4% over 2013. Acclaim cards added their bazaar allotment in acquirement aggregate over debit and prepaid cards to 53.59% in 2014, up from 52.95% in 2013. In 2009 acclaim agenda bazaar allotment was 54.90%, and in 2004 acclaim cards captivated a bazaar allotment of 67.01% according to the anniversary address on U.S. acquittal agenda spending at merchants appear by The Nilson Report, the top barter newsletter accoutrement the agenda and adaptable acquittal industries.

Acclaim cards accustomed the Visa, MasterCard, American Express, and Discover brands generated a accumulated $2.631 abundance in 2014, up 9.7% over 2013. Debit and prepaid cards accustomed those brands as able-bodied as the brands of EFT networks such as Accel, Interlink, Nyce, Pulse, and Star generated a accumulated $2.279 trillion, up 6.9% over 2013.

In the top 10, 3 issuers acquired share, led by JPMorgan Chase. Its customer and bartering credit, debit (including EFT network), and prepaid cards accumulated to accomplish $703.32 billion in acquirement aggregate in 2014. Chase cards accounted for 14.32% of all spending at merchants aftermost year, an access of 20 base points. Wells Fargo’s allotment added 18 base credibility to 7.41%, while Capital One’s allotment added 3 base credibility to 4.13%.

The added 7 issuers in the top 10 had bazaar allotment declines. American Express slipped 2 base credibility to 13.43%, Bank of America was bottomward 55 base credibility to 11.55%, Citi was bottomward 15 base credibility to 5.02%, U.S. Bank was bottomward beneath than 1 base point to 3.21%, Discover was bottomward 7 base credibility to 2.35%, PNC Bank was bottomward 3 base credibility to 1.64%, and USAA was bottomward 2 base credibility to 1.63%.

American Express remained the better issuer based on acclaim agenda acquirement aggregate only.

Bank of America connected as the better issuer based on debit and prepaid agenda acquirement aggregate only.

About The Nilson Address

The Nilson Address is a awful admired antecedent of all-around account and assay of the agenda and adaptable acquittal industries. The cable newsletter provides all-embracing rankings and statistics on the accepted cachet of the industry, as able-bodied as company, personnel, and artefact updates. David Robertson, Publisher of The Nilson Address and a accustomed able in the field, is a common apostle at industry conferences and is consistently quoted in publications worldwide. Over 18,000 readers in 90 countries amount The Nilson Report. Contact Lori Fulmer at [email protected] for a complete archetype of this address in the accepted affair of the newsletter.

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