Payment Earnings for Q4 & EOY 2019 Disclosed Next Week

Payment earnings reports for the nation’s top credit card issuers, global payments networks and supporting businesses gets underway before the market opens on Tuesday, January 14th. First out of the shoot is Chase (JPM), Citibank (C) and Wells Fargo (WFS), according to CardData and PYRPTS. U.S. Bank (USB) and Bank of America (BAC) are scheduled…

Global Cards

Global Cards Head to 6B Milestone w/5.45% CAGR

Global cards from the four U.S.-based payment card networks expanded by 286 million credit and debit cards-in-force (CIF), over the past twelve months. Visa [V], Mastercard [MA], American Express [AXP], and Discover/Diners [DFS], global payment cards, including credit, charge, debit and prepaid products, grew 5.2% year-on-year (YOY) in the third-quarter (3Q/19). Growth has been eroding…

Top Card Issuer Markeshare

Top Card Issuer Marketshare Rises 30 bps – U.S. PDV Tops $1T

Top card issuer marketshare, based on U.S. purchase dollar volume (PDV) of Visa [V], Mastercard [MA], American Express [AXP] and Discover [DFS], increased 30 bps (basis points) in the third-quarter (3Q/19). Chase, the nation’s largest credit card issuer on outstandings and the fastest growing issuer, based on PDV at 19% YOY (year-on-year), led the Top…

Third-Quarter Earnings Reports

Third-Quarter Earnings Reports for Payments Hit Next Week

Third-quarter earnings reports for the nation’s top credit card issuers, global payments networks and supporting businesses gets underway before the market opens on Tuesday, October 15th. First out of the shoot, is Chase (JPM), Citibank (C) and Wells Fargo (WFS), according to PYRPTS.com and CardData. Among, the four global payment networks, American Express (AXP) will…

Credit Card Loan Loss

Credit Card Loan Loss Reserves Jump as Economic Clouds Gather

Card loan loss reserves rose sharply among the nation’s largest issuers, however, charge-offs among the Big 6 domestic credit card issuers held steady in the second-quarter. Credit card charge-offs among the nation’s Big 6 credit card issuers rose 18 basis points (bps) year-on-year (YOY) for the second-quarter (2Q/19).  The Big 6 (Chase [JPM], Capital One…

early stage card delinquency

Early Stage Card Delinquency Tad Down in Q2 for Big 6

Early stage card delinquency in the second-quarter (2Q/19) declined 13 basis points (bps) from the prior quarter, but rising 13 bps from one-year ago. But the average 30+ day delinquency rate among the Big 6 U.S. issuers has been riding above 2.0% level for four consecutive quarters. The average U.S. 30+ day delinquency rate among…

U.S. GDV Marketshare

U.S. GDV Marketshare Gains All Flow to Mastercard by 50 bps

Second-quarter GDV (gross dollar volume) marketshare, including credit, debit, charge and prepaid card products, among the Major 4 payment networks shows Mastercard picking up 50 basis points (bps) over the past twelve months, mostly at the expense of Visa, in the U.S. market. Based on gross dollar volume, Visa’s U.S. marketshare peaked one-year ago at…

Payment Network Profts

Second-Quarter Payment Network Profits Rise Nearly 24%

Second-quarter payment network profits among the global U.S.-based Major 4: Visa [V], Mastercard [MA], American Express [AXP] and Discover [DFS], soared 23.8% year-on-year (YOY), and now growing at an 12.80% CAGR (compound annual growth rate), based on the past five years. The Major 4 reported a combined second-quarter (2Q/19) (after tax) profit of $7663 million,…