Fourth-Quarter Card GDV

Fourth-Quarter Card GDV U.S. Volume Downshifts 110 bps

Fourth-quarter card GDV (gross dollar volume) for credit/charge card products, among the Major 4 payment networks (Visa [V], Mastercard [MA], American Express [AXP], and Discover [DFS]), lost momentum, growing 7.5% year-on-year (YOY), compared to an 8.2% YOY gain for the prior quarter, and 8.6% YOY for the year ago quarter. On an annual or YOY…

AR VR Music

AR VR & Music For Cards While Plaid & Honey – Buzzes

AR, VR & music are on the menu for 2020 courtesy of Mastercard while Visa ponies up $5 billion for a hot fintech consumer app. Interest in biometrics for payment cards may emerge this year after a sleepy 2019. The IRS has crypto-to-crypto transactions on the radar this tax season, according to Bankcenter and CardBuzz.…

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…

Third-Quarter Card Delinquency

Third-Quarter Card Delinquency Edging to 7-Yr Highs

Third-quarter card delinquency, among the nation’s top four credit card issuers, continued to march upward, now hovering at levels not seen in seven years. It is the highest level for a third-quarter since 2013 and rose significantly from the prior quarter. Noteworthy is the fact all four of the nation’s top bank credit card issuers…

Active Cards Big 6 U.S.

Active Cards for Big 6 Lifted By Discover’s 9% CAGR

Active cards, or credit card accounts with sales activity, among the Big 6 U.S. issuers, increased 3.5% year-on-year (YOY) in the first-quarter (1Q/19), compared to a record of about 14% YOY in 2018. However, Discover’s nearly 9% CAGR in organic growth and by Citibank’s approximate 10% CAGR produced by acquisitions. On a YOY basis. American…

Credit Card GDV

Credit Card GDV Among Big 6 U.S. Issuers Pumps the Brakes

Credit card GDV (gross dollar volume) among the Big 6 U.S. bank card issuers, rose an estimated 8.0% year-on-year (YOY) in the first-quarter (1Q/19), compared to a 10.5% YOY gain for 1Q/18; 10.0% YOY increase in 1Q/17; and a 5.9% YOY gain for 1Q/16. Chase led the peer group with a YOY gain nearing 10%…

Card Loan Growth

Card Loan Growth Downshifts to 5.56% CAGR – Upshifts in Q2

U.S. card loan growth among the Big 6 credit card issuers increased 3.5% in the first-quarter (1Q/19) year-on-year (YOY), compared to a 8.0% YOY for the year ago quarter. Early results for the second-quarter reveal Chase U.S. credit card outstandings grew 8.5% YOY, Citibank is up 2.8% YOY, and Bank of America was flat (+0.7%).…