[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While credit card investors have access to issuer financial statements, regulatory filings, conference calls, and annual reports, there are many red flags not apparent, masking potential risk. Robert Hammer, Founder and CEO at R.K. Hammer & Card Knowledge Factor, ticks off the seven early warning signs to look for in any…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) for Visa and MasterCard (credit + debit) in the third quarter (4Q/15) grew at an annual rate (YOY) of 8.7%. Visa U.S. payment card (credit + debit) GDV for 4Q/15 was up 8.9%. MasterCard U.S. payment card (credit + debit) GDV for 4Q/15 was up 8.4%.…
[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…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After hitting new lows, the Financial Obligations Ratio (FOR) for 4Q/15 started edging up and the Debt Service Ratio (DSR) also inched up. According to the Federal Reserve the FOR slipped upward to 15.38% in 4Q/15, compared to 15.34% in 3Q/15 and 15.31% in 4Q/15. The DSR rosed to 10.07% in…
A new research report projects the number of mobile wallet transactions in the European Union will grow at a CAGR of 61.8% over 2016-2021. Intelling’s new Smart Insights Report “mWallets to meet European adoption” establishes that the Pay Wallets, Apple Pay, Samsung Pay, Android Pay, … will easily adapt to European payment market and be…
[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″] A new report finds the percentage of payments made at or above the minimum to generate interest on bank credit cards issued in Mexico, moved to 23% in October 2015 from 18% in 2012. Fitch Ratings says the credit card portfolios in Mexican banks continue to show growth lagged relative to…
