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…

Credit/Debit Card U.S. Activity

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…

U.S. Credit Card Debt Picks Up Steam in May – Still Outpaced by the U.K.

U.S. consumer revolving credit for May, mostly credit card debt (95%), continued to climb above the $1 trillion milestone set in December, growing at a solid clip annually. While climbing steadily throughout 2016, consumer revolving credit increased at an +8.7% annual rate of growth in May, compared to a revised +1.4% annual rate in April…

JCB Expands Issuance & Acceptance in Sri Lanka via LankaPay & NCS

The Central Bank of Sri Lanka has inked a partnership with Japan’s JCB to establish the National Card Scheme (NCS) to introduce the issuance of LankaPay-JCB co-branded cards and to jointly promote the acceptance of such cards with JCB payment solutions. By integrating JCB payment solutions to LankaPay participant members and leveraging the planned interconnection…

Thailand’s KBank JCB Credit Card Accommodates Japanese Culture

Thailand’s KBank and JCB have buddied to introduce the “KBank JCB Credit Card” to accommodate Japanese culture and lifestyles. The new card offers a wide range of attractive privileges are offered to Japanese cardholders, with first-year targets of 100,000 cards and spending of 2 billion Baht. Being among the most-visited destinations of Thai travelers, Japan…

Discover & Capital One Emerge as Leaders in Mobile Apps for Cards & Banking

When it comes to mobile apps Capital One ranked highest in the retail bank category while Discover ranked highest in overall satisfaction in the credit card category. According to the “J.D. Power 2017 U.S. Banking App and U.S. Credit Card App Satisfaction Studies”: • Ease of use/navigation is the most heavily weighted driver of satisfaction among…