Top 4 Network Q3 P/L

Again driven by Visa’s electric performance in the third quarter with net income rising 41%, payment card profits for the top four networks rose 7.2% in the third quarter, compared to one-year ago. Visa, MasterCard, American Express and Discover reported a combined 3Q/15 profit of $3883 million, compared to $3621 million for 3Q/14.

Big 6 Q3 Yield

The average yield among the nations’s top six bank credit card issuers came in at 11.24% for the third quarter, compared to 11.27% for 3Q/14. Capital One (COF), the nation’s fastest growing major credit card issuer, again posted the highest yields, besting the average by 311 basis points (bps) in the third quarter, according to CardData.