Visa and Mastercard international payment card purchases (credit + debit) dollar volume (PDV) for the fourth quarter (4Q/18) posted US$1954 billion, up 6.7% year-on-year (YOY), on a nominal basis (NFX). On a currency adjusted basis (FX) international PDV increased 13.5% YOY, compared to a revised 13.9% YOY in the third quarter. Visa and Mastercard international…
Total major credit cards in the U.S. topped the 672 million milestone in 2018, with Mastercard leading the charge in domestic credit/charge cards-in-force (CIF). U.S. (CIF) in the fourth quarter (4Q/18) for Visa, MasterCard, American Express and Discover was up 3.4% year-on-year (YOY), compared to 3.8% YOY growth in the prior quarter. At the end…
U.S. Visa Mastercard CIF (cards-in-force) for payment cards (credit & debit) increased 2.1% year-on-year (YOY) in the third quarter (3Q/18), compared to a 6.6% YOY gain in the prior quarter. U.S. credit cards increased 2.9% YOY while CIF for debit cards rose 1.5% YOY, in 3Q/18. There are were 1289 million Visa and Mastercard payment…
Visa and Mastercard PTX (payment card transactions) for credit and debit cards in the U.S. grew by 9.3% year-on-year (YOY) in the third quarter (3Q/18) compared to a 9.5% YOY gain in the second quarter. The growth was driven by Mastercard credit and debit cards, according to RAM Research. U.S. payment card purchase transactions for…
Credit Cards-In-Force (CIF) in the third quarter (3Q/18) for Visa, MasterCard, American Express and Discover in the U.S. was up 3.8% year-on-year (YOY). At the end of 3Q/18, there were 676 million U.S. credit/charge CIF compared to 651 million for 3Q/17, according to RAM Research. Total U.S. credit cards for 3Q/18 stands at an estimated…
Credit card rates (nominal) among banks and credit unions nationally increased 24 basis points (bps) in the August from June while rates assessed on accounts with balances rose 94 bps over the same period. Nominal credit card interest rates among the Top 6 issuers rose in tandem with the prime rate (now 5.25%) or 80…
Nominal credit card rates among banks and credit unions nationally increased 137 basis points (bps) in the second quarter (2Q/18) year-on-year (YOY) while rates assessed on accounts with balances rose 154 bps over the same period. Sequentially, nominal interest rates rose 51 bps as accessed credit card rates increased 22 bps. Nominal credit card interest…
U.S. consumer revolving debt for July, mostly credit card debt (95%), remained above the $1 trillion level for the fifth consecutive quarter. The year-on-year (YOY) change edged slightly upward in July. Consumer revolving credit increased at an 1.5% annual rate of growth in July, compared to a revised -1.4% annual rate in June and a…
Payment card transactions (PTX) for Visa and Mastercard credit and debit cards in the U.S. grew by 9.5% year-on-year (YOY) in the second quarter (2Q/18) to 24.1 billion. The growth was driven by Mastercard credit and debit cards. U.S. payment card purchase transactions for Visa and Mastercard (debit+credit) hit 24,067 in 2Q/18, compared to 22,221…
U.K. consumer credit growth continued its downward spiral in July, dropping to 8.5% year-on-year (YOY), its lowest level this year and well below the peak of 10.8% YOY set in November 2016. For July, driven by the Brexit fallout, the decline was 50 basis points (bps) sequentially, and flat YOY. However, according to the July…
U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers increased 6.3% in the second quarter (2Q/18) year-on-year (YOY) to $563.0 billion. Over the past two years, Top 6 outstandings have jumped 13.5%. The robust aggregate gain resulted from strong YOY growth from Capital One, American Express and Discover. The Big 6: American Express,…
Gross dollar volume (GDV) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally increased 10.9% year-on-year (YOY) on a nominal dollars basis, for the second quarter (2Q/18). However, on a currency adjusted basis (FX) global GDV for 2Q/18 increased an estimated 10.3% YOY. The major four networks posted $4648 billion in global…