Based on first quarter reports, MasterCard continues to be the fastest growing payment card network in the U.S. with a 15.7% year-on-year jump in gross dollar volume, compared to VISA’s 9.1% gain, American Express’ 13.5% increase and Discover’s 13.1% rise over 1Q/06. Over the past four quarters the four major payment card networks have racked-up $3.3 trillion in U.S. gross dollar volume on credit and debit cards. CardData ([www.carddata.com]) reports that VISA’s U.S. share, based on U.S. GDV, is now 54.1%, compared to MasterCard’s 29.2% share. During the first quarter VISA posted U.S. gross dollar volume on all products of $440 billion, compared to MasterCard’s $237 billion. Over the past four quarters, VISA GDV has climbed to $1789.5 billion compared to MasterCard’s $951.0 billion, American Express’ $419.3 billion and Discover’s $118.1 billion. MasterCard’s recent surge is linked to its strong performance in debit cards which grew 41% in the first quarter.
1Q/07 U.S. GROSS DOLLAR VOLUME
VISA: $440.3 billion
MasterCard: $237.0 billion
American Express: $105.4 billion
Discover: $ 30.3 billion
TOTAL: $813.0 billion
Source: CardData (www.carddata.com)