Gross Transactions YOY in Double-Digits Driven by Debit Cards

Gross Transactions YOY in Double-Digits Driven by Debit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 16.6% year-on-year (YOY) in the first quarter (1Q/16). International GTX for credit cards increased 11.9% YOY while international GTX for debit cards soared 20.9% YOY in 1Q/16. In the first quarter gross international payment card GTX for…

Early Stage Delinquency Hovers at Record Lows

Early Stage Delinquency Hovers at Record Lows

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Early stage delinquency (30+ days) among the nation’s top 6 issuers declined six basis points (bps) sequentially in the first quarter (1Q/16) to 1.75%, but remains one bps above last year’s 1.74%.  Five of the Big 6, including Chase, Bank of America, Capital One. Citibank, and Discover, posted lower or flat…

Big 6 Late Stage Credit Card Delinquency Flat Sequentially

Big 6 Late Stage Credit Card Delinquency Flat Sequentially

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers was flat sequentially, to 0.92% for the first quarter (1Q/16), but up 4 basis points (bps) from one-year ago (YOY). Three issuers were flat or down sequentially. The AmEx 90+ day delinquency rate remained flat…

U.S. Consumer Credit Ramps Up in June

U.S. Consumer Credit Ramps Up in June

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. consumer revolving credit card soared in June, growing at an annual rate of +9.7%, compared to a revised +2.2% annual rate in May and a revised +1.3% annual rate in April. Overall consumer credit increased at a seasonally adjusted annual rate of +4.1% in June. Non-revolving credit increased at an…

Charge-Offs Among Big 6 Rise Across-the-Board

Charge-Offs Among Big 6 Rise Across-the-Board

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top 6 issuers jumped 19 basis points (bps) year-on-year (YOY) to 2.86% for the first quarter (1Q/16), and up 2 bps sequentially.  All six issuers posted sharply higher charge-offs in the first quarter. The Chase 1Q/16 charge-offs ratio inched up by 20 bps from 4Q/15 and flat…

Visa + MC International Purchase Transactions Robust

Visa + MC International Purchase Transactions Robust

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International purchase transactions (PTX) for Visa and MasterCard credit and debit cards grew by 18.9% year-on-year (YOY) in the first quarter (1Q/16). International PTX for credit cards increased 17.6% YOY while international PTX for debit cards rose 20.3% YOY in 1Q/16. In the first quarter gross international payment card PTX for…

U.K. Consumer Credit Up at a Brisk Pace in June

U.K. Consumer Credit Up at a Brisk Pace in June

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.K. consumer credit continued to expand at a brisk pace in June, topping 10% year-on-year (YOY). In June total consumer credit grew to £186.0 billion. The three-month annualized and twelve-month growth rates, seasonally adjusted (SA), were 11.0% and 10.3% respectively. The Bank of England (BOE) reports consumer credit increased by £1.8…

Debit Cards Lead Visa + MasterCard International CIF

Debit Cards Lead Visa + MasterCard International CIF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International payment cards-in-force (CIF) for Visa and MasterCard increased 6.7% year-on-year (YOY) in the first quarter (1Q/16). International debit card CIF rose 8.9% YOY, while international credit card CIF increased 3.5% YOY. MasterCard’s international debit card CIF YOY is growing more than seven times Visa’s international debit CIF. International payment card…

Top 4 Credit Card Profits Spiral Downward

Top 4 Credit Card Profits Spiral Downward

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits (after tax) among the nation’s top four bank credit card issuers declined 8.0% in the first quarter (1Q/16), compared to one year ago (YOY), and down 10.8% sequentially (QOQ). BofA was the only issuer with a positive YOY gain in credit card profits. Citi credit card profits collapsed by more…

Australian Card Spending YOY Growth Remains Brisk

Australian Card Spending YOY Growth Remains Brisk

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card gross dollar volume (GDV) headed upward, posting a 10.9% year-on-year (YOY) in May. Purchase dollar volume (PDV) increased 10.7% YOY and cash dollar volume (CDV) was 15.5% YOY in May. GDV rose in May to AU$26.9 billion, compared to a revised AU$24.3 billion in the prior month and…

Card Profits Among Big 6 Headed South in 2016

Card Profits Among Big 6 Headed South in 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits (after tax) among the nation’s Big 6 U.S. credit card issuers declined 4.9% in the first quarter (1Q/16), compared to one year ago (YOY) and, down 2.0% sequentially (QTQ). Aggregate card after tax profits for the Big 6 issuers logged in at $3789 million for 1Q/16, compared to $3867 million…

Visa+MC Intl Debit Card Cash Transactions Post Solid Growth

Visa+MC Intl Debit Card Cash Transactions Post Solid Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International cash transactions (CTX) for Visa and MasterCard credit and debit cards grew by 8.7% year-on-year (YOY) in the first quarter (1Q/16). International CTX for credit cards decreased 1.2% YOY while international CTX for debit cards rose 9.4% YOY in 1Q/16. In the first quarter gross international payment card CTX for…