U.S. Visa (VS) and MasterCard (MC) credit card U.S. Gross Dollar Volume (GDV) will likely come in at $470 billion in the first quarter. Visa has posted strong double-digit gains in U.S. GDV and about double the growth rate of MasterCard.
RAM Research calculates VS and MC domestic credit card GDV is growing at an annual clip of 10.7%.
In the fourth quarter Visa surged by 13.7% to $341 billion in U.S. GDV, while MasterCard posted a 6.9% gain to $166 billion.
Visa reported payments volume growth, on a constant dollar basis, for the three months ended December 31, 2014, was 11% over the prior year at $1.2 trillion.
Cross-border volume growth, on a constant dollar basis, was 8% for the three months ended December 31, 2014.
Total processed transactions, which represent transactions processed by VisaNet, for the three months ended December 31, 2014, were 17.6 billion, a 10% increase over the prior year.
MasterCard reported worldwide purchase volume during the quarter was up 12% on a local currency basis versus the fourth quarter of 2013, to $858 billion. As of December 31, 2014, the company’s customers had issued 2.1 billion MasterCard and Maestro-branded cards.
For additional data on U.S. CC GDV visit CardData®. For historical news and commentary on U.S. CC GDV visit the searchable CardFlash® Library of more than 58,000 articles published since 1995. RAM Research® forecasts on U.S. CC GDV are available exclusively through CardWeb.com.®