Capital One Drives Top 4 US Issuers GDV YOY Growth

Capital One Drives Top 4 US Issuers GDV YOY Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the top four bank credit card issuers, rose an estimated 9.9% year-on-year (YOY) in the first quarter (1Q/16). The growth was driven by Capital One’s explosive growth. The top four U.S. issuers racked up an estimated $295.2 billon in GDV for 1Q/16, compared to $322.5…

Major 4 Networks Global Cards-in-Force Up 6.4%

Major 4 Networks Global Cards-in-Force Up 6.4%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global payment cards-in force (CIF) [credit + debit] grew by 6.4% year-on-year (YOY) in the first quarter (1Q/16) to 4300 million. The growth has been largely driven by Visa and MasterCard’s international “inclusion” drive with debit (& prepaid) cards.

Visa and MasterCard U.S. credit CIF rose 7.1% YOY from 492 million one-year…

Capital One Continues to Drive U.S. PDV Growth 20% YOY

Capital One Continues to Drive U.S. PDV Growth 20% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV) among the top four U.S. bank credit card issuers, rose 10.0% year-on-year (YOY) in the first quarter (1Q/16). Capital One PDV grew more than 20% YOY, while Chase and Citi also scored double digit gains. The top four U.S. issuers racked up $281.4 billon in PDV for…

U.S. Credit Card Charge-Offs Head North Crossing 300 bps

U.S. Credit Card Charge-Offs Head North Crossing 300 bps

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The charge-off rate, seasonally adjusted (SA), among the top 100 U.S. banks for the first quarter (1Q/16) increased 12 basis points (bps) sequentially (QTQ), and up 13 bps year-on-year (YOY). On a not seasonally adjusted basis (NSA), the charge-off rate among the top 100 U.S. banks for 1Q/16, rose 24 bps…

Big 6 U.S. Issuer Outstandings Produce Weak YOY Gain

Big 6 U.S. Issuer Outstandings Produce Weak YOY Gain

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers increased 1.5% in the first quarter (1Q/16) year-on-year (YOY) to $468.3 billion. The weak aggregate gain resulted from the huge YOY drop in American Express outstandings offset by the huge YOY gain in Capital One outstandings. The Big 6: American…

Global PDV for Major 4 U.S.-Based Networks Up 9.2% YOY FX

Global PDV for Major 4 U.S.-Based Networks Up 9.2% YOY FX

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally rose 6.8% year-on-year (YOY) on a nominal dollars basis for the first quarter (1Q/16). However, on a currency adjusted basis (FX), global 1Q/16 PDV increased 9.2% YOY.  The major four networks posted $2367 billion in…

U.S. Credit Card Delinquency Remains at Historic Lows in 1Q/16

U.S. Credit Card Delinquency Remains at Historic Lows in 1Q/16

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The 30+ day delinquency rate, seasonally adjusted (SA), among the top 100 U.S. banks for the first quarter (1Q/16) decreased 3 basis points (bps) sequentially (QTQ), but up 6 bps year-on-year (YOY). On a not seasonally adjusted basis (NSA), the delinquency rate among the top 100 U.S. banks for 1Q/16, declined…

Other News: PYMNTS; ELAVON; EMAZZANTI; and AMEX

In Other News: PYMNTS (awards); ELAVON (ariane); EMAZZANTI (ranking); and AMEX (LGBTQ). PYMNTS – The winners of the 2016 PYMNTS/Alexa Challenge include Visa and USAA. There were 12 teams and 14 companies in a five-week competition to use Alexa and her voice-activated technology to reimagine how consumers interact with their payments and financial services solutions…

Costco Begins to Accept Visa Only & New Co-Brand Takes Off

Costco Begins to Accept Visa Only & New Costco Visa Takes Off

Citi confirms it has successfully completed the acquisition and conversion of Costco’s U.S. co-brand credit card portfolio from American Express. Citi acquired in excess of $10.5 billion of credit card receivables. The new Costco Anywhere Visa Card by Citi and Costco Anywhere Visa Business Card by Citi are available exclusively to Costco members. The long-term…

Australian Credit Card Debt Bumps Up a Bit in April

Australian Credit Card Debt Bumps Up a Bit in April

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card outstandings edged up by 1.4% year-on-year (YOY) in April. Credit card credit limits increased 3.3% YOY and the number of credit card accounts rose 2.8% YOY. The average balance per account in April declined 1.4% YOY to AU$3149, compared to AU$3157 for March, and AU$3194 for April 2015.

Credit…