[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cross-border transaction volume for Visa and MasterCard continued to slide in the fourth quarter (4Q/15). Visa’s cross-border currency adjusted (FX) gross dollar volume (GDV) increased 4.0% YOY, while MasterCard rose 12.3% YOY for FX GDV in the fourth quarter. Cross-border volume refers to payments and cash volume where the issuing country…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally rose 6.3% year-on-year (YOY) on a nominal dollars basis for the fourth quarter (4Q/15). However, on a currency adjusted basis (FX) global 4Q/15 PDV increased 10.8% YOY. The major four networks posted $2489 billion in…
JCB, PayCenter and petaFuel have launched the first JCB-girocard co-badged card in Germany. The product named “CardDuo” is a prepaid card which combines the functionalities of JCB alongside girocard (payment scheme operated by the German Banking Industry Committee). By operating with both JCB and girocard applications, cardmembers can access JCB’s Merchant and ATM network in…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The charge-off ratio for the top 100 U.S bank credit card issuers edged up sequentially in the fourth quarter (4Q/15), but continue to remain below year ago ratios and continue to hover at historic lows. On a not seasonally adjusted (NSA) basis 4Q/15 charge-offs rose 17 basis points (bps) from the…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Among the top 4 U.S. bank credit card issuers Chase holds a commanding 24.6% marketshare for the fourth quarter (4Q/15), based on Visa and MasterCard purchase dollar volume (PDV) figures. Capital One, the hottest U.S. issuer, ranks #2 with a 12.9% marketshare. Compared to the prior quarter, Capital One gained 50…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card outstandings edged up by 1.6% year-on-year (YOY) in January. Credit card credit limits increased 3.3% YOY and the number of credit card accounts rose 3.4% YOY. The average balance per account in January declined 1.7% to AU$3115, compared to AU$3194 for December, and AU$3170 for January 2015. Credit…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total U.S. credit/charge cards-in-force (CIF) in the fourth quarter (4Q/15) for Visa, MasterCard, American Express and Discover was up 7.0% year-on-year (YOY). At the end of 4Q/15, there were 647 million U.S. credit/charge CIF compared to 612 million for 4Q/14. Visa U.S. credit CIF for 4Q/15 jumped 7.9% YOY to an…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the big six U.S. bank card issuers, rose an estimated 6.4% year-on-year (YOY) and 4.8% sequentially in the fourth quarter (4Q/15). Capital One grew more than twice than the other five. Capital One, like most bank card issuers, only reports purchase dollar volume (PDV). The…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After inking a multi-year, exclusive co-brand deal last year, American Express and Charles Schwab have unveiled a new credit card and a new charge card. The American Express Platinum Card® for Schwab gives clients excellent rewards, benefits, and services with the added ability to redeem Membership Rewards® points for deposits by…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.1% year-on-year (YOY) in 4Q/15 reaching a record $1443 billion. Visa led the way in the fourth quarter posting a 8.9% YOY gain for U.S. GDV. Visa reported fourth quarter GDV of $841…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] UK-based Prepaid Financial Services has inked Slovenia’s Nova Ljubljanska Banka (NLB) to launch a white-labelled, contactless prepaid MasterCard card and mobile sticker product. The program was soft launched at the end of 2015 and following substantial interest from millennial customers, has now been rolled out across all NLB branches in Slovenia.…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Atlanta-based Parkmobile has teamed with the National Cherry Blossom Festival to provide event-goers with simple and convenient parking options for the festival. Parkers will be able to take advantage of Parkmobile and ParkNow, Parkmobile’s reservations platform, in order to pay for on-street parking or reserve parking near the event using their…
