International payment cards for Visa and Mastercard grew at a softer pace in the first-quarter. However, international debit and prepaid cards are growing a twice the pace of international credit and charge cards since 2015. Visa [V] and Mastercard [MA] international payment CIF (cards-in-force) increased 6.5% YOY (year-on-year) in the first-quarter (1Q/19), compared to a…
Details
U.S. card loan growth among the Big 6 credit card issuers increased 3.5% in the first-quarter (1Q/19) year-on-year (YOY), compared to a 8.0% YOY for the year ago quarter. Early results for the second-quarter reveal Chase U.S. credit card outstandings grew 8.5% YOY, Citibank is up 2.8% YOY, and Bank of America was flat (+0.7%).…
Details
International card purchases for Visa and Mastercard jumped 10.5% YOY (year-on-year) in the first-quarter on an FX (currency adjusted) basis. International credit and charge card PDV (Purchase Dollar Volume) increased 7.8% YOY FX, while international debit and prepaid card PDV soared 14.6% YOY FX, according to figures gathered by CardData. Mastercard is growing 210 bps…
Details
Second-quarter card delinquency, as projected, will rise moderately among the nation’s Big 6 credit card issuers. Early results show the second-quarter (2Q/19) 30-day delinquency ratio for Chase at 1.71%, a 14 basis points (bps) decline from the prior quarter, but up 14 bps for Citibank to 1.66%. Early stage delinquency (30+ days) among the nation’s…
Details
Debit card accounts continue to grow at nearly twice the pace of credit card accounts in the U.S. with Mastercard leading Visa by 198 bps (basis points) YOY (year-on-year) in the first-quarter. In the U.S. market, debit and prepaid accounts make up slightly more than 60% of the total 1.2 billion payment card accounts currently…
Details
First-quarter U.S. card PDV (Purchase Dollar Volume) expanded by a slower annual rate in more than five years for the Big 6 credit card issuers led by strong performances by Capital One and Chase. Chase led in YOY (Year-on-Year) growth will Capital One leads in four-year CAGR (compound annual growth rate). U.S. credit card PDV…
Details
Mastercard Europe is blowing Visa Europe out-of-the-water, scoring major gains across-the-board. Combined card activity for Visa and Mastercard credit, debit, charge and prepaid cards, on a currency adjusted basis (FX), posted weaker than expected year-on-year (YOY) gains in the first-quarter (1Q/19). Visa [V] and Mastercard [MA] gross dollar volume (GDV) increased to 10.4% YOY FX,…
Details
U.S. card transactions for the two largest payment networks increased 6.2% YOY (year-on-year) in the first-quarter, and now running at a CAGR (compound annual growth rate) of 7.81%. Visa [V] and Mastercard [MA] combined, posted a 6.8% YOY gain in U.S. credit and charge card GTX (gross transactions), compared to a 5.9% YOY gain in…
Details
Second-quarter card profits for the four largest U.S.-based payment card networks and the four largest credit card issuers will likely post robust performance. Consumer confidence indices, government data, and retail sales activity point to strong growth in PDV (purchase dollar volume) for the payment networks and sharp increases in cardholder balances for card issuers, reflecting…
Details
Chase card marketshare, based on U.S. purchase dollar volume (PDV) of Visa [V], Mastercard [MA], American Express [AXP] and Discover [DFS] jumped to nearly 20% in the first-quarter (1Q/19). Chase, the nation’s largest credit card issuer on outstandings and the fastest growing issuer based on PDV among the top issuers, surged 90 bps (basis points)…
Details
American Express global card for the first-quarter posted a record yield, nearing 11%, as GDV (gross dollar volume) rose 7% on an FX (currency adjusted) basis but delinquency rose 10 bps (basis points) and charge-offs jumped 30 bps. American Express (AXP) GCSG (Global Card Services Group) reported an 8.6% YOY (year-on-year) gain with total revenues…
Details
Visa Asia-Pacific payment performance is unremarkable for the first-quarter with all metrics at, or below par, compared to the prior five quarters. While Visa Asia-Pacific is the only region reporting more than one billion cards, it is also the slowest growing in payment volume and payment transactions, among Visa’s five international regions. Visa Asia-Pacific posted…
Details