Card activity in the U.S. for gross transactions (GTX) for Visa and Mastercard credit and debit cards grew by 8.6% year-on-year (YOY) in the fourth quarter (4Q/18), compared to an 8.3% YOY gain in 3Q/18 and a 7.5% YOY increase for 4Q/17, according to figures gathered by CardData. Credit & Debit Cards GTX Growth U.S.…
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U.S. credit card PDV (Purchase Dollar Volume), for credit cards, among the Big 6 U.S. credit card issuers, rose 7.7% year-on-year (YOY) for the fourth quarter (4Q/18), compared to growth rate of 10.9% for 3Q/18, and 10.6% for 2Q/18, according to figures collected by CardData. Capital One and Chase are duking it out among the…
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Credit card profits for the top U.S.-based global payments networks skyrocketed year-on-year (YOY) in the fourth quarter (4Q/18). The network peer group net income (after tax) soared 240.0% YOY for 4Q/18, equally driven by “kitchen sink” quarters for Mastercard and American Express. The Major 4 (Visa, Mastercard, American Express and Discover) reported a combined 4Q/18…
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Credit cards worldwide, including debit cards, grew 6.6% year-on-year (YOY) in the fourth quarter (4Q/18). By comparison payment cards-in force (CIF) increased 5.5% YOY in 3Q/18. At the end of 2018, global CIF for the Major 4 U.S.-based totaled 5.6 billion, compared to 5.5 billion in prior quarter, and 5.2 billion at then end of…
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Credit card cash transactions (CTX) for Visa and Mastercard U.S. credit and debit cards in the U.S. declined by 2.3% year-on-year (YOY) in the fourth quarter (4Q/18). U.S. 4Q/18 credit card cash transactions were flat YOY, while U.S. debit card CTX decreased 2.3% YOY, according to figures collected by CardData. Visa’s 4Q/18 CTX for U.S.…
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Visa and Mastercard international payment card purchases (credit + debit) dollar volume (PDV) for the fourth quarter (4Q/18) posted US$1954 billion, up 6.7% year-on-year (YOY), on a nominal basis (NFX). On a currency adjusted basis (FX) international PDV increased 13.5% YOY, compared to a revised 13.9% YOY in the third quarter. Visa and Mastercard international…
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Credit card fee income nudged down in 2018 by 60 basis points (bps), compared to the prior year, but has climbed 8.7% over the past five years, topping $100 billion for the first time in 2017, according to data gathered by CardData. The decline for 2018 was directly attributable to reduced penalty fees (mostly late…
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While, credit card write-offs, or charge-offs, have been hanging around the 3.50% level over the past four years, the steady rise in credit card delinquency is changing the outllook for the next two years. Both early-stage (30-89 days) and late-stage (90-180 days) delinquency are setting four year highs. The Top 4 (Chase, Capital One, Bank…
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The average 90 day credit card delinquency ratio, among the nation’s Top 4 issuers, jumped 10 basis points (bps) sequentially, and up three bps year-on-year (YOY) for the fourth quarter (4Q/18). Late stage (90+ day) delinquency, the precursor of charge-offs, also rose by six bps among the peer group in 4Q/18. Early stage delinquency (30-89 days)…
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Mastercard’s cross-border transactions, on a currency adjusted basis (FX), soared in the fourth quarter (4Q/18) outpacing Visa by 380 basis points (bps) year-on-year (YOY). However, Mastercard’s growth rates are adjusted to eliminate the effects of differing switching days between periods. Sequentially, quarter-to-quarter, Mastercard jumped 180 bps, compared to Visa’s 300 bps decline, according to analysis…
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Canadian credit card purchase dollar volume (PDV) for Visa Mastercard payment cards (credit cards + debit cards) posted weaker than expected performance in the fourth quarter (4Q/18) up 5.5% on a nominal basis or 8.3% currency adjusted (FX) year-on-year (YOY). Sequentially, nominal and FX YOY increases were 4.9% and 9.9%, respectively, Canadian payment cards-in-force (CIF)…
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Visa and Mastercard purchase transactions (PTX) for credit and debit cards in the U.S. grew by 9.6% year-on-year (YOY) in the fourth quarter (4Q/18) compared to a 9.3% YOY gain in the third quarter. The growth was driven by Mastercard credit and debit cards, according to analysis by RAM Research. U.S. payment card purchase transactions…
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