Credit Card Gross Volume

Credit Card Gross Volume Tops $1 Trillion in Q4 for U.S. Major 4 Networks

Credit card gross volume for Visa, Mastercard, American Express and Discover credit cards, the Major 4, in the U.S. climbed 8.6% year-on-year (YOY) in the fourth quarter (4Q/18), compared to 10.1% YOY for 4Q/17, reaching $1007 billion in gross dollar volume (GDV), according to figures collected by CardData. Major 4 Q4 Analysis This is the…

Credit Card Dollar Volume

Credit Card Dollar Volume Growth Among Big 6 U.S. Issuers Slumps a Tad in Q4

Credit card dollar volume among the Big U.S. six U.S. bank card issuers, rose an estimated 8.7% year-on-year (YOY) in the fourth quarter (4Q/18), compared to a 9.4% YOY gain for 4Q/17. Capital One led the peer group with a high double-digit growth YOY in 4Q/18 for gross dollar volume (GDV), followed by Chase, also in…

Processed Switched Transactions

Processed Switched Transactions Globally for Visa and Mastercard Vigorous in 2018

Processed or switched transactions (TX) in the fourth quarter (4Q/18), for Visa and Mastercard combined, globally, remains in double-digits year-on-year (YOY), hovering around a 12% growth rate. MasterCard, is by far running away with significant YOY gains over Visa, posting a 700 basis points (bps) spread over Visa in 4Q/18 for processed switched transactions. Combined…

Global Credit Card Networks PDV

Global Credit Card Networks Continue Double-Digit Currency Adjusted PDV Gains YOY

Global credit card networks purchase dollar volume (PDV) for Visa, Mastercard, American Express and Discover/Diners cards (credit + debit) globally rose 8.2% year-on-year (YOY) on a nominal dollars basis (NFX) for the fourth quarter (4Q/18). However, on a currency adjusted basis (FX), global 4Q/18 PDV increased 13% YOY.  The major four U.S.-based global networks posted…

International Visa Mastercards

International Visa Mastercards Surpass Four Billion Cards-in-Force

International Visa Mastercards set a new record of 4 billion cards-in-force (CIF) in the fourth quarter (4Q/18), growing 7.5% year-on-year (YOY) last year, compared to a 5.7% YOY gain for 2017, according to figures gather by CardData. International credit card CIF for Visa and Mastercard increased 5.7% YOY in (4Q/18), while international debit card CIF…

Top 4 GDV - Capital One

Capital One Volume for U.S. Credit Cards Crosses $100 Billion Milestone in Q4

Capital One volume for the final quarter of 2018 (4Q/18) posted a solid 10.8% year-on-year (YOY) gain in gross dollar volume (GDV), which includes purchases and cash advances. The nation’s second largest issuer topped the $100 billion quarterly GDV mark for the first time, according to figures compiled by CardData. Capital One is also the…

Big 6 U.S.Credit Card PDV

Credit Card PDV Slips & Slides Among Big 6 in Q4 Due to Rocky Holiday Sales

U.S. credit card PDV (Purchase Dollar Volume), for credit cards, among the Big 6 U.S. credit card issuers, rose 7.7% year-on-year (YOY) for the fourth quarter (4Q/18), compared to growth rate of 10.9% for 3Q/18, and 10.6% for 2Q/18, according to figures collected by CardData. Capital One and Chase are duking it out among the…

Credit Card Profits

Credit Card Profits Q4 YOY Screwy Gains Impacted Bigly by the Year Ago Tax Act

Credit card profits for the top U.S.-based global payments networks skyrocketed year-on-year (YOY) in the fourth quarter (4Q/18). The network peer group net income (after tax) soared 240.0% YOY for 4Q/18, equally driven by “kitchen sink” quarters for Mastercard and American Express. The Major 4 (Visa, Mastercard, American Express and Discover) reported a combined 4Q/18…

First-Quarter Global CIF

Credit Cards Worldwide Plus Global Debit Add 347 Million CIF in 2018

Credit cards worldwide, including debit cards, grew 6.6% year-on-year (YOY) in the fourth quarter (4Q/18). By comparison payment cards-in force (CIF) increased 5.5% YOY in 3Q/18. At the end of 2018, global CIF for the Major 4 U.S.-based totaled 5.6 billion, compared to 5.5 billion in prior quarter, and 5.2 billion at then end of…

Cash Advance Transactions

Credit Card Cash Transactions Demand Falls in Flourishing 2018 U.S. Economy

Credit card cash transactions (CTX) for Visa and Mastercard U.S. credit and debit cards in the U.S. declined by 2.3% year-on-year (YOY) in the fourth quarter (4Q/18). U.S. 4Q/18 credit card cash transactions were flat YOY, while U.S. debit card CTX decreased 2.3% YOY, according to figures collected by CardData. Visa’s 4Q/18 CTX for U.S.…