Big 6 U.S. Issuers Q1 U.S. GDV Up Double Digits YOY – Citi Explodes
U.S. Gross Dollar Volume (GDV) among the big six U.S. bank card issuers, rose an estimated 10.0% year-on-year (YOY) in the first quarter (1Q/17). The growth was driven by Citibank offset somewhat by an American Express decline, according to CardData. Citibank grew four-fold over the second highest gainer in the peer group, Chase. Chase, Bank of…