China UnionPay - the Chinese credit card champion - is about to overtake MasterCard by processing volume and is likely to surpass Visa in as few as 2 - 3 years....
AmEx is ranked highest for customer satisfaction for the 7th year in a row; Discover is close second and Visa and MasterCard issuers are lagging far behind....
MasterCard will start charging a digital wallet fee. PayPal is the main target, but will be joined by other digital wallet operators, such as Square and Google....
China UnionPay now has more payment cards in circulation than any of its rivals and is on its way to surpass Visa as the biggest card processor by volume....
Though Visa and its rivals have been investing heavily in their fraud-prevention systems, their efforts are yet to produce measurable results in the U.S....