The average U.S. 30+ day delinquency rate among the nation’s four largest issuers declined 11 basis points (bps) sequentially, to a record low of 1.96% for the first quarter, compared to 2.07% in the prior quarter and 2.16% one-year ago. The top 100 U.S. banks posted a 27 bps decline from 1Q/14.
Over the past two years mobile transactions at Starbucks have doubled from 4 million transactions per week in Q1/13 to 8 million transactions in Q1/15. The number of mobile transactions has significantly soared since the second quarter of 2014 and set to soar higher as Mobile Order & Pay expands this year.
Capital One (COF) continues to lead the U.S. credit card industry in outstandings and volume growth, posting a strong 9% year-on-year (YOY) gain in end-of-period (EOP) outstandings and a whopping 18% surge in Purchase Dollar Volume (PDV) for the first quarter.