Profits for the top four networks declined 1.9% year-on-year (YOY) in the first quarter (1Q/16). Visa, MasterCard, American Express and Discover reported a combined 1Q/16 profit of $3935 million, compared to $4012 million for 4Q/15 and $4012 for 1Q/15. The decline was led by MasterCard, while Visa posted the strongest gain for 1Q/16. Visa’s global…
Average early stage delinquency (30+ days) for the first quarter (1Q/16), among the nation’s Top 4 issuers, dropped 9 basis points (bps) sequentially, and dropped year-on-year (YOY) by 1 bps. Two of the Top 4, reported declines. The nation’s largest issuer, Chase, reported delinquency increased to 1.45% in 1Q/16, compared to 1.43% for 4Q/15 and…
In Other News: NFC FORUM (report); FIRST DATA (SIVB); MASTERCARD (Microsoft); and CBW BANK (award). NFC FORUM – The NFC Forum announced the publication of a definitive white paper focused on the Internet of Things (IoT) and Near Field Communication (NFC) in the smart home. Titled ″Simplifying IoT: Connecting, Commissioning, and Controlling with Near Field…
Visa and MasterCard U.S. gross (open) payment card accounts (GAC) for the first quarter (1Q/16) grew 7.1% year-on-year (YOY). U.S. credit GAC was up 7.4% YOY and U.S. debit GAC increased 6.9% YOY in 1Q/16. For the first time Visa and MasterCard set the one billion U.S. payment card accounts milestone. The overall U.S. GAC…
U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S. issuers gained 4.0% in the first quarter (1Q/16) year-on-year (YOY) to $362.0 billion. The gain was driven entirely by Capital One, positioned to become the nation’s second largest issuer, based on outstandings, by end-of-year (EOY) 2016. BofA, the current second largest issuer, continues to…
Purchase dollar volume (PDV) for the Major 4 networks (Visa, MasterCard, American Express and Discover) cards (credit + debit) in the U.S. climbed 9.0% year-on-year (YOY) in 1Q/16 hitting $1209 billion. Visa led the way in the first quarter posting a 10.5% YOY gain for U.S. PDV. The Major 4 collectively posted $1209 billion in…
The nation’s four major payment card networks produced $1401 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/16) for a 9.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.2% in 1Q/15 to 58.7% in 1Q/16, largely at the expense of American Express. Visa posted…
Total U.S. gross accounts (GAC) in the first quarter (1Q/16) for Visa, MasterCard, American Express and Discover U.S. credit cards was up 6.1% year-on-year (YOY). At the end of 1Q/16, there were 504.4 million U.S. credit GAC compared to 498.5 million for 4Q/15, and 475.0 million for 1Q/15. Visa U.S. credit GAC for 1Q/16 jumped…
U.S. Purchase Dollar Volume (PDV) for Visa and MasterCard payment cards (credit + debit) in the first quarter (1Q/16) grew at an annual rate (YOY) of 10.4% YOY. U.S. Visa and MasterCard reported payment card PDV of $1010 billion for 1Q/16, compared to $1032 billion in the prior quarter, and $915 billion in the year…
Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 11.7% year-on-year (YOY) in the first quarter (1Q/16) to 19.3 billion. The growth was driven by credit cards, and more specifically MasterCard. U.S. purchase transactions for Visa and MasterCard credit cards grew by 12.9% YOY, coming in at 5906 million…
U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the Top 4 U.S. issuers, edged up 4.2% year-on-year (YOY) in the first quarter (1Q/16). Capital One (COF) was the only issuer to post real positive YOY AAC gain in the first quarter. While Chase was up, BofA had erosion, Citibank was essentially…
U.S. Cash Dollar Volume (CDV) for Visa and MasterCard (credit + debit) in the first quarter (1Q/16) grew at an annual rate (YOY) of 7.6%. The growth was driven by MasterCard debit cards. Visa U.S. payment card (credit + debit) CDV for 1Q/16 was up 7.4%. MasterCard U.S. payment card (credit + debit) CDV for…