SYNCHRONY; PAYZER; NERDWALLET; and CASHBET

In Other News: SYNCHRONY (agreement); PAYZER (Nexstar); NERDWALLET (aboutLife); and CASHBET (partnerships). SYNCHRONY – Synchrony Financial and Vaughan Bassett Furniture Company, a leading American manufacturer of sustainable home furnishings, inked a multi-year extension of its consumer financing program agreement. The program, which began in 2010, will continue to provide customers with access to a range…

Most Consumers Favor Biometrics Over Passwords

Most Consumers Favor Biometrics Over Passwords

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new survey reveals 52% of customers would rather use biometrics as an alternative. With consumers having to log into multiple online accounts on a daily basis, remembering passwords can be a tricky proposition. According to the latest edition of the PYMNTS.com Digital Identity Tracker, 80% of survey respondents with an…

Visa Adds 50 bps to its Gross Dollar Volume Marketshare

Visa Adds 50 bps to its Gross Dollar Volume Marketshare

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The nation’s four major payment card networks produced $1401 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/16) for a 9.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.2% in 1Q/15 to 58.7% in 1Q/16, largely at the expense of…

V+M+A+D U.S. Credit Card Gross Accounts +6% YOY

V+M+A+D U.S. Credit Card Gross Accounts +6% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total U.S. gross accounts (GAC) in the first quarter (1Q/16) for Visa, MasterCard, American Express and Discover U.S. credit cards was up 6.1% year-on-year (YOY). At the end of 1Q/16, there were 504.4 million U.S. credit GAC compared to 498.5 million for 4Q/15, and 475.0 million for 1Q/15. Visa U.S. credit…

Visa + MasterCard Purchase Dollar Volume Up a Robust 10.4%

Visa + MasterCard Purchase Dollar Volume Up a Robust 10.4%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV) for Visa and MasterCard payment cards (credit + debit) in the first quarter (1Q/16) grew at an annual rate (YOY) of 10.4% YOY. U.S. Visa and MasterCard reported payment card PDV of $1010 billion for 1Q/16, compared to $1032 billion in the prior quarter, and $915…

U.S. Purchase Transactions for Visa & MC Continues Robust Growth

U.S. Purchase Transactions for Visa & MC Continues Robust Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 11.7% year-on-year (YOY) in the first quarter (1Q/16) to 19.3 billion. The growth was driven by credit cards, and more specifically MasterCard. U.S. purchase transactions for Visa and MasterCard credit cards grew by 12.9% YOY, coming…

Top 4 U.S. Issuer Active Accounts Up Driven Solely by COF

Top 4 U.S. Issuer Active Accounts Up Driven Solely by COF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the Top 4 U.S. issuers, edged up 4.2% year-on-year (YOY) in the first quarter (1Q/16). Capital One (COF) was the only issuer to post real positive YOY AAC gain in the first quarter. While Chase was up, BofA had…

Visa and MasterCard Payment Card CDV Rises 7.6% YOY

Visa and MasterCard Payment Card CDV Rises 7.6% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Cash Dollar Volume (CDV) for Visa and MasterCard (credit + debit) in the first quarter (1Q/16) grew at an annual rate (YOY) of 7.6%. The growth was driven by MasterCard debit cards. Visa U.S. payment card (credit + debit) CDV for 1Q/16 was up 7.4%. MasterCard U.S. payment card (credit…

U.S. Gross Credit Card Accounts Among Top 4 Issuers Flat YOY

U.S. Gross Credit Card Accounts Among Top 4 Issuers Flat YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers were flat year-on-year (YOY) in the first quarter (1Q/16) to 190.0 million, compared to 189.9 million one-year ago. The GAC growth is driven by Capital One, while Chase, Bank of America (BofA) and Citibank face YOY…

Capital One Posts Double-Digit YOY Gain in U.S. Cards-in-Force

Capital One Posts Double-Digit YOY Gain in U.S. Cards-in-Force

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Credit Cards-in-Force (CIF) among the Top 4 issuers edged up by a mere 1.9% year-on-year (YOY) at the end of the first quarter (1Q/16) to an estimated 236.1 million cards, compared to 232.9 million in 4Q/15, and 231.6 million for 1Q/15. Capital One blew the other three top issuers away…

Visa Continues to Lead the Major 4 Networks in U.S. GDV YOY

Visa Continues to Lead the Major 4 Networks in U.S. GDV YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 9.0% year-on-year (YOY) in 1Q/16 reaching a record $1401 billion.   Visa led the way in the first quarter posting a 10.0% YOY gain for U.S. GDV. Visa reported first quarter GDV…