Robert McKinley, Senior Analyst/Editor Robert McKinley, with 33 years experience covering payment cards and payment systems, is Senior Analyst/Editor for CardFlash and other payments-related publications. He is the retired founder and chief executive of RAM Research, CardWeb and CardTrak. McKinley served as an expert witness in 100+ litigations including two multi-$billion trials, testified before the U.S. Congress, chaired multiple payments conferences, hired as consultant by Fortune 100 companies and several overseas financial institutions. Full Bio: www.rbm4.com

Cross-Border Transactions

Cross-Border Transactions Strong for Mastercard — Weak for Visa in Q4

Mastercard’s cross-border transactions, on a currency adjusted basis (FX), soared in the fourth quarter (4Q/18) outpacing Visa by 380 basis points (bps) year-on-year (YOY). However, Mastercard’s growth rates are adjusted to eliminate the effects of differing switching days between periods. Sequentially, quarter-to-quarter, Mastercard jumped 180 bps, compared to Visa’s 300 bps decline, according to analysis…

Canadian Credit Card Q4

Canadian Credit Card Purchase Volume Down a Skosh in Q4

Canadian credit card purchase dollar volume (PDV) for Visa Mastercard payment cards (credit cards + debit cards) posted weaker than expected performance in the fourth quarter (4Q/18) up 5.5% on a nominal basis or 8.3% currency adjusted (FX) year-on-year (YOY). Sequentially, nominal and FX YOY increases were 4.9% and 9.9%, respectively, Canadian payment cards-in-force (CIF)…

Global Payment Card GDV

Global Payment Card GDV for Major 4 Networks Taps the Brakes a Bit in Q4

Global Payment Card GDV (Gross Dollar Volume) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally increased 5.8% year-on-year (YOY) on a nominal dollars basis, for the fourth quarter (4Q/18), compared to 6.2% YOY in the prior quarter. However, on a currency adjusted basis (FX) global GDV for 4Q/18 increased an estimated…

U.S. Credit/Charge Cards-in-Force

Total Major Credit Cards in the U.S. Expands by 22 Million in 2018

Total major credit cards in the U.S. topped the 672 million milestone in 2018, with Mastercard leading the charge in domestic credit/charge cards-in-force (CIF). U.S. (CIF) in the fourth quarter (4Q/18) for Visa, MasterCard, American Express and Discover was up 3.4% year-on-year (YOY), compared to 3.8% YOY growth in the prior quarter. At the end…

Top 4 Credit Card Marketshare

Credit Card Marketshare Ends 2018 Steady at 46% for Top 4 U.S. Issuers

U.S. credit card marketshare, based on purchase dollar volume (PDV) among the top 4 U.S. bank credit card issuers, shows Capital One the only issuer with a positive gain in the fourth quarter (4Q/18), compared to the prior quarter. Top 4 Peer Group Marketshare As a peer group, the Top 4 U.S. issuers (Chase, Capital…

U.S. Payment Card PDV

Payment Card PDV Q4 Growth Driven by Mastercard in the U.S.

Payment card PDV (Purchase Dollar Volume) for the Major 4 U.S. networks (Visa, Mastercard, American Express and Discover) (credit + debit) in the U.S. climbed 10.4% year-on-year (YOY) in the fourth quarter (4Q/18) posting $1624 billion, based on figures collected by CardData   Mastercard led the major U.S. payments network peer group with an 11.5%…

Credit Card U.S. Yield Top 4

Credit Card U.S. Yield Reaches New High Among Nation’s Top 4 Issuers in Q4

Average credit card U.S. yield, among the nations’s Top 4 bank card issuers, jumped 16 basis points (bps) sequentially at 12.10% and up 82 bps year-on-year (YOY) for the fourth quarter (4Q/18), compared to 11.94% for the prior quarter, and 11.28% for 4Q/17, according to data gathered by CardData Credit card yields average jumped among…

Credit Card Charge-Offs

Credit Card U.S. Charge-Offs Among Big 6 Domestic Issuers Slowly Head North

Credit card U.S. charge-offs among the nation’s top 6 issuers rose six basis points (bps) year-on-year (YOY) for the fourth quarter (4Q/18), and up six bps sequentially.  The Big 6 (Chase, Capital One, Bank of America, Citibank, American, Express, Discover) reported an aggregate charge-off ratio of 3.31% for 4Q/18, compared to 3.25% for 3Q/18 and…

Credit Card Purchase Dollar Volume

Credit Card Purchase Dollar Volume Growth Slips Among Top 4 U.S. Issuers

Credit card purchase dollar vcolume (PDV) among the top four U.S. bank credit card issuers, rose 8.9% year-on-year (YOY) in the fourth quarter (4Q/18). PDV for Chase and Capital One where the only issuers scoring double digit gains in PDV YOY for the final quarter of 2018. The top four U.S. issuers (Chase, Capital One, Bank…