Robert McKinley, Senior Analyst/Editor Robert McKinley is an analyst of the payments industry on a daily basis for 32 years covering payment cards and payment systems from both the business side and the consumer side. McKinley is the retired founder and chief executive of RAM Research, CardWeb and CardTrak. In his prior position, McKinley has participated in more than 10,000 documented news media interviews, testified as an expert witness in two separate $billion+ U.S. anti-trust trials, testified before the U.S. Congress, assisted the GAO with paymentsIMG_2006 (1).jpeg reports, chaired numerous business conferences and provided C-Suite opinion to a multitude of Fortune 500 companies. In retirement, he has continued developing and funding digital media assets as well as contributing payments related analysis/content to a broad list of online publishers, including CardFlash, CardTrak and CardData. McKinley is also a national certified mentor with the non-profit SCORE organization with a focus on assisting Fintech startups. www.robert-mckinley.com

Charge-Offs Among Top 100 Edges Up After Historic Lows

Charge-Offs Among Top 100 Edges Up After Historic Lows

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The charge-off ratio for the top 100 U.S bank credit card issuers edged up sequentially in the fourth quarter (4Q/15), but continue to remain below year ago ratios and continue to hover at historic lows. On a not seasonally adjusted (NSA) basis 4Q/15 charge-offs rose 17 basis points (bps) from the…

Cap One Gains Marketshare from Smaller Issuers

Cap One Gains Marketshare from Smaller Issuers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Among the top 4 U.S. bank credit card issuers Chase holds a commanding 24.6% marketshare for the fourth quarter (4Q/15), based on Visa and MasterCard purchase dollar volume (PDV) figures. Capital One, the hottest U.S. issuer, ranks #2 with a 12.9% marketshare. Compared to the prior quarter, Capital One gained 50…

Australia Credit Card Debt Growth Remains Conservative

Australia Credit Card Debt Growth Remains Conservative

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card outstandings edged up by 1.6% year-on-year (YOY) in January. Credit card credit limits increased 3.3% YOY and the number of credit card accounts rose 3.4% YOY. The average balance per account in January declined 1.7% to AU$3115, compared to AU$3194 for December, and AU$3170 for January 2015. Credit…

U.S. Network Credit/Charge Cards-in-Force Up 7% YOY

U.S. Network Credit/Charge Cards-in-Force Up 7% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total U.S. credit/charge cards-in-force (CIF) in the fourth quarter (4Q/15) for Visa, MasterCard, American Express and Discover was up 7.0% year-on-year (YOY). At the end of 4Q/15, there were 647 million U.S. credit/charge CIF compared to 612 million for 4Q/14. Visa U.S. credit CIF for 4Q/15 jumped 7.9% YOY to an…

U.S. GDV for Big 6 Up 6.4% YOY Thanks to Capital One

U.S. GDV for Big 6 Up 6.4% YOY Thanks to Capital One

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the big six U.S. bank card issuers, rose an estimated 6.4% year-on-year (YOY) and 4.8% sequentially in the fourth quarter (4Q/15).  Capital One grew more than twice than the other five. Capital One, like most bank card issuers, only reports purchase dollar volume (PDV). The…

90+ Day Delinquency Among Big 6 Slowly Creeps Upward

90+ Day Delinquency Among Big 6 Slowly Creeps Upward

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers increased 7 basis points (bps) sequentially, to 0.92% for the fourth quarter (4Q/15), compared to 0.85% in the prior quarter and 0.91% one-year ago. However, all the issuers, except Chase and Capital One, were down…

AU Consumer Credit Card PDV Rises 1.9% YOY in January

AU Consumer Credit Card PDV Rises 1.9% YOY in January

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card gross dollar volume (GDV) rose by 1.8% year-on-year (YOY) in January. Purchase dollar volume (PDV) increased 1.9% YOY and cash dollar volume (CDV) declined 1.2% YOY in January. 
GDV rose in January to AU$22.6 billion, compared to AU$28.4 billion in the prior month and AU$22.2 billion one-year ago.…

US BANK; D&B; FTC; and CFPB

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: US BANK (app); D&B (survey); FTC (Chicago); and CFPB (loan scam). US BANK – Securely logging in to mobile banking just got easier for U.S. Bank customers with the release of an updated version of the U.S. Bank Mobile app for iPhone. The new app gives customers an…

Green Dot Continues MasterCard PTS Migration in March

Green Dot Continues MasterCard PTS Migration in March

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Green Dot confirms it has migrated an additional 15 million account files to the MasterCard Payment Transaction Services (PTS) processing platform during the second planned conversion wave which was completed in March. Including the first wave of account migrations, this brings the total number of account files successfully migrated to approximately…

MasterCard U.S. EMV Card Penetration Tops Two-Thirds

MasterCard U.S. EMV Card Penetration Tops Two-Thirds

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The latest figures reveal 67% of U.S.-issued MasterCard-branded consumer credit cards now feature chips. This represents a 51% increase in the number of consumer credit cards with chips in market since the October 1, 2015 liability shift. Consumers can use their chip cards in more places, as 1.2 million U.S. merchant…

Walmart Rewards on Credit, Store and Prepaid Cards

Walmart Rewards on Credit, Store and Prepaid Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Walmart is now offering rewards for purchases made with either the Walmart Credit Card, the Walmart MasterCard or the Walmart MoneyCards. The new, simplified rewards value proposition – 3-2-1 Save – add mpre value to the Walmart family of credit and prepaid cards, issued and administered by Synchrony Bank and Green…