Visa and MC Hit the One Billion Payment Card Accounts Milestone
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…