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

Money 20/20 Europe Will be Nothing but Ginormous This Year

The world’s largest Fintech, Money 20/20 Europe (June 26-28), is all set for June in Copenhagen. While there are many FinTech gatherings this event is super cool as it is decidedly, European. It is ginormous too! In its first year, Money20/20 Europe attracted 3,725 attendees, including 500 CEOs, from 1,500 companies and 70 countries. The show featured 422 speakers, over 200…

What is Behind the Recent Upticks in Bank Credit Card Delinquency & Charge-Offs?

There are growing concerns in the U.S. bank credit card market regarding the 2017 outlook for delinquencies and charge-offs. All the Top 4 issuers (Chase, Capital One, Bank of America and Citibank) reported slight upticks in the fourth quarter in both metrics. The Top 100 banks reported the seasonally adjusted (SA) credit card charge-off ratio…

Major 4 Network Adjusted PDV Up 6.5% YOY FX in Fourth Quarter

Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally rose 20.0% year-on-year (YOY) on a nominal dollars basis for the fourth quarter (4Q/16). However, on a currency adjusted basis (FX), global 4Q/16 PDV increased 20.7% YOY, according to CardData. The fourth quarter PDV figures are skewed as Visa…

Major U.S. Issuer Outstandings Up Double-Digits Thanks to American Express & Costco

U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S.  issuers gained 10.9% in the fourth quarter (4Q/16) year-on-year (YOY) to $417.2 billion, according to CardData. The gain was driven largely by Citibank as its acquisition of the Costco card portfolio from American Express has skyrocketed outstandings. BofA was unseated as the nation’s second…

Credit Card Delinquency Remains Stable as Auto & Boat Delinquency Heads North

Delinquencies in bank cards (credit cards provided by banks) fell 5 basis points (bps) to 2.69% of all accounts, staying significantly below their 15-year average of 3.66%. However, delinquencies in closed-end loans (like auto and boat loans) rose. According to the American Bankers Association (ABA) among the 11 individual loan categories, delinquencies rose in all…