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

COF Continues to Drive Growth in Q2 – Top 4 EOP Outstandings +4% YOY

U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S. issuers gained 4.3% in the second quarter (2Q/18) year-on-year (YOY) to $427.1 billion. The YOY growth rate is down 150 basis points (bps), compared to the prior quarter. The gain was largely driven by Capital One, the nation’s second largest U.S. issuer. Bank of America…

V + M Q2 U.S. Credit CIF +6% — Debit CIF +7% YOY — Led by Mastercard

U.S. cards-in-force (CIF) for Visa and Mastercard payment cards (credit & debit) increased 6.6% year-on-year (YOY) in the second quarter (2Q/18). U.S. credit cards increased 5.9% YOY while CIF for debit cards rose 7.1% YOY, in 2Q/18. There are were 1334 million Visa and Mastercard payment cards in circulation in the U.S. at the end…

Big 6 Credit Card GDV

U.S. Credit Card Q2 PDV Tops Double-Digits YOY

U.S. Purchase Dollar Volume (PDV), for credit cards, among the Big 6 U.S. card issuers, rose 10.6% year-on-year (YOY) for the second quarter (2Q/18). Capital One scorched the Big 6 with a 17.3%+ YOY gain. 
The Big 6 U.S. issuers racked up $640.7 billon in PDV for 2Q/18, compared to $584.1 billion in 1Q/18 and…

Consumer Credit Card Debt Solidly Above $1T; But Plateaued in June; +4.9% YOY Quarterly

U.S. consumer revolving credit for June, mostly credit card debt (95%), remained above the $1 trillion level for the fifth consecutive quarter. However, the year-on-year (YOY) change edged downward in June. Consumer revolving credit decreased at an 0.2% annual rate of growth in June, compared to a revised +11.2% annual rate in May and a…

Top 4 U.S. CC Issuers Q2 30+ Day DEL Edges Down 4 bps YOY

Average early stage delinquency (30+ days) for the second quarter (2Q/18), among the nation’s Top 4 issuers, decreased 17 basis points (bps) sequentially, and declined year-on-year (YOY) by 4 bps. The nation’s largest issuer, Chase, reported delinquency increased to 1.65% in 2Q/18, compared to 1.82% for 1Q/18 and 1.59% for 2Q/17, a 6 bps gain…

V+M Q2 U.S. Credit + Debit Cards GTX Up 7.9% YOY – Up 180 bps Over 2017

U.S. gross transactions (GTX) for Visa and Mastercard credit and debit cards grew by 7.9% year-on-year (YOY) in the second quarter (2Q/18), compared to 6.1% one-year ago.  U.S. GTX for credit cards jumped 8.1% YOY while U.S. GTX for debit cards increased 7.8% YOY in 2Q/18. Visa’s U.S. GTX for credit cards rose 8.5% YOY…

Big 6 Issuers Q2 U.S. Charge-Offs +18 bps YOY – Trending Upward Since Q1/17

Charge-offs among the nation’s top 6 issuers rose 18 basis points (bps) year-on-year (YOY) to 3.47% for the second quarter (2Q/18), but down 4 bps sequentially.  The Big 6 (Chase, Bank of America, Capital One, Citibank, American, Express, Discover) reported an aggregate charge-off ratio of 3.47% for 2Q/18, compared to 3.51% for 1Q/18 and 3.29%…

Visa Set to Grab More Marketshare in Q2 Approaching 60% GDV

The nation’s four major payment card networks produced $1485 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/17) for a 6.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.7% in 1Q/16 to 61.1% in 1Q/17, largely at the expense of American Express, according to…