Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.0% year-on-year (YOY) in Q3/15 reaching a record $1214 billion. Visa led the way in the third quarter posting a 9.7% YOY gain for U.S. PDV, according to CardData.
Visa reported third quarter PDV of $693 billion, compared to $683 billion for Q2/15 and $632 billion for Q3/14.
MasterCard posted a 7.0% YOY gain with third quarter PDV of $311 billion, compared to $310 billion for Q2/15 and $289 billion for Q3/14.
American Express posted a 4.0% YOY gain with third quarter PDV of $180 billion, compared to $182 billion for Q2/15 and $173 billion for Q3/14.
Discover reported a 2.7% YOY gain with third quarter PDV of $30.4 billion, compared to $30.0 billion for Q2/15 and $29.6 billion for Q3/14.
As previously reported in CardFlash, RAM Research’s forecast for Q3/15 US PDV was dead on at $1214 billion.
U.S. PAYMENT CARD PURCHASE DOLLAR VOLUME (Visa + MasterCard + American Express + Discover)
3Q/14: $1117 billion
4Q/14: $1156 billion
1Q/15: $1109 billion
2Q/15: $1205 billion
3Q/15: $1214 billion
For data, background and forecasts on U.S. PDV: 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).