Visa/MasterCard Credit Card Q1
Visa (VS) and MasterCard (MC) credit card activity ramped up in the first quarter, as Gross Dollar Volume (GDV) on U.S.-issued credit and charge cards jumped 9.5% year-on-year (Y/Y) in the first quarter of 2014 (1Q/2014), according to CardData. VS’ U.S. credit card GDV was up 10.2% to $281 billion, while MC’s U.S. credit and charge card GDV increased 8.1% in 1Q/2014 to $145 billion. The first quarter growth was a pickup for MasterCard, the highest level over the past five quarters.