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Visa handles $3 trillion in purchases worldwide each year, has 1.6 billion cardholders and 24 million locations willing to take a swipe.
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By the time Mr. Clark retired as chief executive in 1977, American Express had 650 offices in 108 countries and eight million cardholders.
Last week, Discover agreed to pay $200 million to more than 3.5 million cardholders who bought credit protection services over the phone, and $14 million in civil penalties to banking regulators.
In a statement, the European Commission said it would investigate concerns about breaches of law by Visa Europe, which has 348 million cardholders.
The Center for Responsible Lending estimates that at least 10 million cardholders have seen their interest rates skyrocket in the last six months through no fault of their own.
■How it works: Nectar claims to be the UK's biggest loyalty scheme, with more than 19 million cardholders and points earned at a wide range of stores.
It is the world's largest provider of credit cards - which alarms some analysts as the global economy worsens - with 200 million cardholders in more than 100 countries.
The scammers evaded detection by keeping each charge under $10 and stealing from each cardholder only once, spreading the theft across more than a million cardholders, the suit says.
Costco, the huge members-only retailer, reported that its subsidiary in Japan had four cardholders on two business memberships in the name of the Embassy of the Islamic Republic of Iran earlier this year.
WASHINGTON — Discover Financial Services has agreed to pay $200 million in refunds to more than 3.5 million cardholders who bought credit protection services over the phone, plus an additional $14 million in civil penalties to banking regulators.
The combination of J.P. Morgan Chase and Bank One would produce the country's largest issuer of Visa and MasterCard credit cards, effectively giving 95 million cardholders a new card company and further consolidating consumers' debts among a few big players.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com