New data from FICO, the analytic software company, shows continued improvement in the health of mature UK credit card accounts, along with worrying signs for newer accounts.
Visa and MasterCard U.S. credit card gross dollar volume (GDV) will likely grow at a 10.1% year-on-year (YOY) in the third quarter (3Q/15). Visa and MasterCard U.S. credit card gross dollar volume (GDV remained a solid 9.9% year-on-year (YOY) gain in the second quarter (2Q/15).
U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers will likely gain 3.1% in the third quarter according to CardData and RAM Research. Outstandings rose by a mere 2.3% year-on-year (YOY) in the second quarter to $474.5 billion.