Purchase transactions (PTX) for U.S. Visa and MasterCard debit cards will slow to 7.5% in the second quarter, compared to 7.7% in the first quarter.CardData and RAM Research says U.S. credit card purchase transactions are quickly ramping up this quarter.
U.S. purchase transactions (PTX) for Visa and MasterCard credit cards increased 12.3% year-on-year (YOY) while PTX for debit cards rose 7.7% YOY, in the first quarter, according to CardData. However, the average ticket for credit and debit combined declined slightly YOY from $53.15 to $52.84.
Visa U.S. credit cards reported a 12.2% YOY gain in purchase dollar volume (PDV) for Q1/15, from $269 billion to $302 billion. U.S. PDV for Visa debit cards increased 6.3%, from $305 billion to $325 billion.
Visa posted U.S. credit card purchase transactions of 3622 million for Q1/15 and 3146 million for Q1/14. U.S. Visa debit card transactions increased from 7994 million to 8558 million for Q1/15.
MasterCard U.S. credit cards reported a 12.4% YOY gain in purchase dollar volume (PDV) for Q1/15, from $138 billion to $146 billion. U.S. PDV for MasterCard debit cards increased 8.1%, from $130 billion to $141 billion.
MasterCard posted U.S. credit card purchase transactions of 1609 million for Q1/15 and 1510 million for Q1/14. U.S. MasterCard debit card transactions increased from 3208 million to 3507 million for Q1/15.
RAM Research forecasts U.S. PTX will rise 9.3% in the second quarter.
U.S. CREDIT CARD PURCHASE TRANSACTION VOLUME (Visa + MasterCard)
2Q/14: 5287 million
3Q/14: 5457 million
4Q/14: 5737 million
1Q/15: 5231 million
2Q/15: 5937 million
U.S. DEBIT CARD PURCHASE TRANSACTION VOLUME (Visa + MasterCard)
2Q/14: 12084 million
3Q/14: 12016 million
4Q/14: 12153 million
1Q/15: 12065 million
2Q/15: 12990 million
Source: CardData; RAM Research; Visa; MasterCard
For data, background and forecasts on U.S. Purchase Transactions: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).