The 30+ day delinquency rate, seasonally adjusted (SA), among the top 100 U.S. banks for the fourth quarter (4Q/16) increased 4 basis points (bps) sequentially (QTQ), and up 18 bps year-on-year (YOY). On a not seasonally adjusted basis (NSA), the delinquency rate among the top 100 U.S. banks for 4Q/16, increased 9 bps QTQ and…
Suntrust, Regions and KeyCorp lead the credit card market among the top ten regional bank issuers. Suntrust logged in with $1.4 billion in outstandings with 2.33% in net charge-offs for the fourth quarter. Regions Bank logged in with $1.2 billion in outstandings with 3.63% in net charge-offs for the fourth quarter. Key Corp logged in…
Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 7.0% year-on-year (YOY) in the fourth quarter (4Q/16) to 21.3 billion. The growth was driven by credit cards, and more specifically Visa, according to CardData. U.S. purchase transactions for Visa and MasterCard payment cards (debit+credit) hit 21,311 in 4Q/16, compared…
U.S. gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 6.5% year-on-year (YOY) in the fourth quarter (4Q/16). U.S. GTX for credit cards jumped 16.0% YOY while U.S. GTX for debit cards increased 2.4% YOY in 4Q/16. Visa’s U.S. GTX for credit cards rose 21.6% YOY as U.S. GTX for debit…
Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover credit cards in the U.S. climbed 8.4% year-on-year (YOY) in 4Q/16 reaching a record $842 billion, according to CardData. Visa led the way in the fourth quarter posting a 19.4% YOY gain for U.S. GDV. Visa reported fourth quarter U.S. credit card GDV of…
Visa’s U.S. payment card (credit+debit) purchase dollar volume (PDV), for the fourth quarter (4Q/16), logged its highest year-on-year (YOY) gain in more than three years, according to CardData. Visa posted a 12.4% in YOY PDV gain in 4Q/16, compared to 9.7% YOY PDV gain in 4Q/15, 10.1% YOY PDV gain in 4Q/14, and 8.5% YOY…
Australian credit card gross dollar volume (GDV) rose 5.8% year-on-year (YOY) in November. Purchase dollar volume (PDV) increased 6.2% YOY and cash dollar volume (CDV) declined 5.1% YOY in November, according to CardData. There has been growing concerns in the fourth quarter credit card spending is slowing, indicating 2017 could be even slower, given the…
Credit card fee income rose an estimated 6% in 2016, and is expected to increase 6.5% in 2017 driven by a rebounding economy. According R.K. Hammer interchange income increased from $40.0 billion in 2015 to $42.4 billion last year, as cash advance fee income rose 2.7% year-on-year (YOY) to $26.6 billion. Meanwhile, annual member fees…
PayPal continues to gain market share as total payment volume (TPV) soared 22% year-on-year (YOY) in the fourth quarter (4Q/16). However, the transaction margin declined 340 basis points (bps) in the quarter, compared to 4Q/15, according to CardData. During 2016, PayPal added 18 million active accounts, reflecting double digit YOY growth. Transaction revenues for 4Q/16…
U.K. consumer credit took a turn south in December signaling a difficult 2017 in the anticipation of the Brexit/Trump turbulence, and coming of the heels of the holiday spending binge. After rising 190 basis points (bps) year-on-year (YOY) in 2016, the YOY rise declined 20 bps in December, according to CardData. In December total consumer…
Mastercard’s U.S. purchase dollar volume (PDV) quarterly year-on-year (YOY) growth has been spiraling down this year tumbling to 2.7% in the fourth quarter (4Q/16), compared to 8.8% for 4Q/15, 8.2% for 4Q/14, and 7.6% for 4Q/13, according to CardData. Mastercard reported gross dollar volume (GDV) inched out a 2.6% gain YOY for the fourth quarter,…
U.S. Bank (USB)’s Payment Services division reports explosive year-on-year (YOY) growth in consumer credit card gross dollar volume (GDV), as well as a double-digit YOY gain in credit card outstandings (OUT) for the fourth quarter (4Q/16), driven by acquisitions, according to CardData. Acquiring volume continued to decline for the third consecutive quarter. USB’s Payment Services…
