Global credit card profits for the top four networks are incredibly strong year-on-year (YOY) in the third quarter (3Q/18). The network peer group net income (after tax) soared 28.7% YOY for 3Q/18, equally driven by Visa and Mastercard, according to RAM Research. Visa, Mastercard, American Express and Discover reported a combined 3Q/18 (after tax) profit…
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Credit/Debit card activity in the U.S. for gross transactions (GTX) for Visa and Mastercard credit and debit cards grew by 8.3% year-on-year (YOY) in the third quarter (3Q/18), compared to 6.5% one-year ago, according to CardData. U.S. GTX for Visa + Mastercard credit cards jumped 8.7% YOY while U.S. GTX for Visa + Mastercard debit…
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European payment cards (credit + debit) for Visa and Mastercard posted weaker year-on-year (YOY) gains for the third quarter (3Q/18). On a non-currency adjusted basis (NFX), gross dollar volume (GDV) rose 5.6% YOY, purchase dollar volume (PDV) increased 8.4% YOY, and cards-in-force (CIF) climbed 6.1% YOY. For 2Q18, GDV NFX was up 16.5% and PDV…
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U.S. credit card outstandings end-of-period (EOP) among the Big 6 credit card issuers increased 4.9% in the third quarter (3Q/18) year-on-year (YOY) to $570.1 billion. Over the past two years, Top 6 outstandings have jumped 12.6%. The robust aggregate gain resulted from strong YOY growth from American Express and Discover, according to RAM Research. The…
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Global Payment Card GDV (Gross Dollar Volume) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally increased 6.2% year-on-year (YOY) on a nominal dollars basis, for the third quarter (3Q/18). However, on a currency adjusted basis (FX) global GDV for 3Q/18 increased an estimated 10.3% YOY, according to RAM Research. The major…
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Credit card U.S. PDV (Purchase Dollar Volume), for credit cards, among the Big 6 U.S. credit card issuers, rose 10.9% year-on-year (YOY) for the third quarter (3Q/18), compared to growth rate of 10.6% for 2Q/18, according to CardData. Capital One scorched the Big 6 with the largest YOY PDV gain, while Bank of America was…
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U.S. Visa Mastercard CIF (cards-in-force) for payment cards (credit & debit) increased 2.1% year-on-year (YOY) in the third quarter (3Q/18), compared to a 6.6% YOY gain in the prior quarter. U.S. credit cards increased 2.9% YOY while CIF for debit cards rose 1.5% YOY, in 3Q/18. There are were 1289 million Visa and Mastercard payment…
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Real-time holiday spending data are here from a payments industry leader for the first time. Payments processor First Data, launched the live dashboard just before Black Friday, November 23rd and offering free access until January 3rd. Spending Data The Holiday Insights dashboard reflects actual transaction data from millions of U.S. merchants. The Thanksgiving-Black Friday period…
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Purchase dollar volume (PDV) for Canada Visa Mastercard payment cards (credit cards +debit cards) posted strong performance again in the third quarter (3Q/18) up 4.9% nominal or 9.9% currency adjusted (FX) year-on-year (YOY). Sequentially, nominal and FX YOY increases were 14.5% and 10.0%, respectively, Canadian payment cards-in-force (CIF) increased 10.4% YOY to 117 million for…
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Visa U.S. marketshare (MS/GDV) expanded among the nation’s four major payment card networks. The major four networks produced $1754 billion in U.S. gross dollar volume (GDV) in the third quarter (3Q/18) for a 9.8% year-on-year (YOY) gain, compared to 9.3% YOY in the prior quarter, according to CardData. Visa continues to rule the market, growing…
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Visa and Mastercard PTX (payment card transactions) for credit and debit cards in the U.S. grew by 9.3% year-on-year (YOY) in the third quarter (3Q/18) compared to a 9.5% YOY gain in the second quarter. The growth was driven by Mastercard credit and debit cards, according to RAM Research. U.S. payment card purchase transactions for…
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Credit Cards-In-Force (CIF) in the third quarter (3Q/18) for Visa, MasterCard, American Express and Discover in the U.S. was up 3.8% year-on-year (YOY). At the end of 3Q/18, there were 676 million U.S. credit/charge CIF compared to 651 million for 3Q/17, according to RAM Research. Total U.S. credit cards for 3Q/18 stands at an estimated…
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