In today’s CardFlash News Que: THREATMETRIX (award); DEBIT WAY (expansion); BLUEFIN (Paydunk); and COMPARECARDS (evolve24).
Discover’s credit card outstandings continued strong in the first quarter rising 5.1% as Purchase Dollar Volume (PDV) rose 2.7%, year-on-year (YOY). While all other credit card metrics remained stable, overall net income for Q1/15 declined 7.1% YOY to $586 million.
Gross Dollar Volume (GDV) for Visa, MasterCard, Discover and American Express U.S. credit cards is expected to top $4 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. GDV for the U.S. credit card industry is growing at a CAGR of 9.23%.
CardWeb.com’s CardData Reports today features the “Mobile Money Market” report from MarketsandMarkets. The report defines the global market based on various transaction modes, nature of payments, location types, types of purchases and industrial verticals with an in-depth analysis and forecasting of market sizes.