U.S. Credit Cards-in-Force (CIF) among the Top 4 issuers were slipped 0.5% year-on-year (YOY) at the end of the third quarter, down 1.1 million (estimated) cards to 229.9 million cards.
U.S. Cash Dollar Volume (CDV) for Visa and MasterCard (credit + debit) in the third quarter (3Q/15) grew at an annual rate (YOY) of 4.6%.
Visa U.S. payment card (credit + debit) CDV for 3Q/15 was up 3.2%. MasterCard U.S. payment card (credit + debit) CDV for 3Q/15 was up 8.0%.
Yoyo Wallet has been ranked by KPMG as one of the top 50 emerging companies in the global financial technology space. Yoyo’s U.S. expansion comes after a successful $10 million A round that has boosted Yoyo to become the fastest growing mobile wallet in the UK, processing up to 65% of checkouts across participating locations.
Citi Retail Services has inked a multi-year renewal agreement with ExxonMobil for its consumer and commercial credit card relationship. The agreement with ExxonMobil is the eighth contract renewal Citi Retail Services has announced since the beginning of 2014.