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Proprietary Report with Analysis on U.S. Bank U.S. Credit Card Company Performance.

Report Summary:

U.S. Bank (USB)’s Payment Services division reported solid growth in gross dollar volume (GDV) as well as credit and debit fee revenue for the first quarter (1Q/17). However, rapidly rising charge-offs depressed credit card income, according to CardData.

Acquiring volume continued to decline for the fourth consecutive quarter.

USB’s Payment Services includes consumer and business credit cards, stored-value cards, debit cards, corporate, government and purchasing card services, consumer lines of credit and merchant processing.

Total revenues for USB Payment Services in 1Q/17 increased . . . .

 

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