In Europe, card payments remain among the most popular payment methods for e-commerce transactions. However with increased safety concerns and high merchant costs, across the continent a growing number of consumers are turning to alternative payment methods to complete their transactions.
U.S. cards-in-force (CIF) for Visa and MasterCard credit cards increased 9.0% year-on-year (YOY) while CIF for debit cards rose 7.7% YOY, in the second quarter, according to CardData. Visa is leading U.S. credit card CIF in YOY growth, while MasterCard leads U.S. debit cards CIF YOY gains in 2Q/15.
The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers increased 7 basis points (bps) sequentially, to 0.81% for the second quarter, compared to 0.74% in the prior quarter and 0.86% one-year ago. However, all the issuers were down year-on-year (YOY), according to CardData.