MASTERCARD; BARLOW; UNIONPAY; and NAB.

In Other News: MASTERCARD (Renner); BARLOW (awards); UNIONPAY (UAE); and NAB (Womply). MASTERCARD – Renner, Brazil’s largest department store, launched its digital wallet in partnership with MasterCard, making the online payment experience easier and more convenient. Renner customers can now link credit and debit cards, loyalty programs and advance payment options through the MasterPass wallet…

Charge-Offs Among Top 100 Edges Up After Historic Lows

Charge-Offs Among Top 100 Edges Up After Historic Lows

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The charge-off ratio for the top 100 U.S bank credit card issuers edged up sequentially in the fourth quarter (4Q/15), but continue to remain below year ago ratios and continue to hover at historic lows. On a not seasonally adjusted (NSA) basis 4Q/15 charge-offs rose 17 basis points (bps) from the…

Cap One Gains Marketshare from Smaller Issuers

Cap One Gains Marketshare from Smaller Issuers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Among the top 4 U.S. bank credit card issuers Chase holds a commanding 24.6% marketshare for the fourth quarter (4Q/15), based on Visa and MasterCard purchase dollar volume (PDV) figures. Capital One, the hottest U.S. issuer, ranks #2 with a 12.9% marketshare. Compared to the prior quarter, Capital One gained 50…

U.S. Network Credit/Charge Cards-in-Force Up 7% YOY

U.S. Network Credit/Charge Cards-in-Force Up 7% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total U.S. credit/charge cards-in-force (CIF) in the fourth quarter (4Q/15) for Visa, MasterCard, American Express and Discover was up 7.0% year-on-year (YOY). At the end of 4Q/15, there were 647 million U.S. credit/charge CIF compared to 612 million for 4Q/14. Visa U.S. credit CIF for 4Q/15 jumped 7.9% YOY to an…

U.S. GDV for Big 6 Up 6.4% YOY Thanks to Capital One

U.S. GDV for Big 6 Up 6.4% YOY Thanks to Capital One

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the big six U.S. bank card issuers, rose an estimated 6.4% year-on-year (YOY) and 4.8% sequentially in the fourth quarter (4Q/15).  Capital One grew more than twice than the other five. Capital One, like most bank card issuers, only reports purchase dollar volume (PDV). The…

90+ Day Delinquency Among Big 6 Slowly Creeps Upward

90+ Day Delinquency Among Big 6 Slowly Creeps Upward

[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 increased 7 basis points (bps) sequentially, to 0.92% for the fourth quarter (4Q/15), compared to 0.85% in the prior quarter and 0.91% one-year ago. However, all the issuers, except Chase and Capital One, were down…

US BANK; D&B; FTC; and CFPB

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: US BANK (app); D&B (survey); FTC (Chicago); and CFPB (loan scam). US BANK – Securely logging in to mobile banking just got easier for U.S. Bank customers with the release of an updated version of the U.S. Bank Mobile app for iPhone. The new app gives customers an…

Green Dot Continues MasterCard PTS Migration in March

Green Dot Continues MasterCard PTS Migration in March

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Green Dot confirms it has migrated an additional 15 million account files to the MasterCard Payment Transaction Services (PTS) processing platform during the second planned conversion wave which was completed in March. Including the first wave of account migrations, this brings the total number of account files successfully migrated to approximately…

MasterCard U.S. EMV Card Penetration Tops Two-Thirds

MasterCard U.S. EMV Card Penetration Tops Two-Thirds

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The latest figures reveal 67% of U.S.-issued MasterCard-branded consumer credit cards now feature chips. This represents a 51% increase in the number of consumer credit cards with chips in market since the October 1, 2015 liability shift. Consumers can use their chip cards in more places, as 1.2 million U.S. merchant…

UK Credit Card Lending Maintains 6%+ YOY Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.K. consumer credit in February grew at a 9.3% annual rate to £180.7 billion. Within consumer credit, credit card lending increased by 6.7% year-on-year (YOY) to £63.8 billion and other loans/ advances increased by 10.9% YOY to £116.9 billion. All figures are seasonally adjusted. Credit card lending increased by £0.2 billion…

January consumer revolving credit card debt increased at an annual rate of -1.3%, compared to +7.0% in December and +8.4% in November. Overall consumer credit increased at a seasonally adjusted annual rate of +3.6%. Non-revolving credit increased at an annual rate of +5.4%. Total revolving credit for January posted at $935.3 billion, compared to a revised $936.4 billion in December, and a revised $930.9 billion in November, according to the Federal Reserve. Total consumer credit, at the end of January, stood at $3543.6 billion. U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers decreased 0.3% in the fourth quarter year-on-year (YOY) to $485.5 billion. U.S. CONSUMER REVOLVING CREDIT 4Q/14: $890.0 billion 1Q/15: $890.8 billion 2Q/15: $910.2 billion 3Q/15: $923.4 billion 4Q/15: $936.4 billion Source: Federal Reserve BIG 6 U.S ISSUERS OUTSTANDINGS 4Q/14: $486.8 billion 1Q/15: $461.6 billion
 2Q/15: $474.5 billion
 3Q/15: $479.4 billion
 4Q/15: $485.5 billion AMERICAN EXPRESS U.S. CREDIT OUTSTANDINGS 
4Q/14: $62.6 billion 1Q/15: $59.9 billion 2Q/15: $61.7 billion 3Q/15: $62.1 billion
 4Q/15: $51.4 billion DISCOVER U.S. CREDIT OUTSTANDINGS 
4Q/14: $56.1 billion 1Q/15: $53.5 billion 2Q/15: $54.9 billion
 3Q/15: $55.7 billion
 4Q/15: $57.9 billion CHASE U.S. CREDIT OUTSTANDINGS 
4Q/14: $131.0 billion 1Q/15: $123.3 billion 2Q/15: $126.0 billion 3Q/15: $127.0 billion 
4Q/15: $131.5 billion BANK OF AMERICA U.S. CREDIT OUTSTANDINGS 
4Q/14: $91.9 billion 1Q/15: $87.3 billion 2Q/15: $88.4 billion 
3Q/15: $88.3 billion 
4Q/15: $89.6 billion CAPITAL ONE U.S. CREDIT OUTSTANDINGS 4Q/14: $77.7 billion 1Q/15: $74.1 billion 
2Q/15: $79.0 billion
 3Q/15: $82.2 billion 
4Q/15: $87.9 billion CITIBANK U.S. CREDIT OUTSTANDINGS 4Q/14: $67.5 billion 1Q/15: $63.5 billion 2Q/15: $64.5 billion
 3Q/15: $64.8 billion
 4Q/15: $67.2 billion Source: Federal Reserve; American Express; Discover; Chase; Bank of America; Capital One; Discover For a complete archive of more than 60,000 articles published since 1995 search the CardFlash.com library.

Consumer Credit Hits the Brakes In Jan After a Solid 2015

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] January consumer revolving credit card debt increased at an annual rate of -1.3%, compared to +7.0% in December and +8.4% in November. Overall consumer credit increased at a seasonally adjusted annual rate of +3.6%. Non-revolving credit increased at an annual rate of +5.4%. Total revolving credit for January posted at $935.3…

Credit Card Delinquency Edges Up Across the Board

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The 30+ day delinquency rate (not seasonally adjusted) for the top 100 U.S. banks increased 2 basis points (bps) sequentially, and up 1 bps from one-year ago for the fourth quarter (4Q/15). Among the nation’s top four card issuers, delinquency edged up by 5 bps from the prior quarter, but dropped…