Visa + MC U.S. GDV Rises 9.9% YOY Driven by Credit Cards
U.S. Gross Dollar Volume (GDV) for Visa and MasterCard (credit + debit) in the first quarter (1Q/16) grew 9.9% year-on-year (YOY). Credit card growth outpaced debit cards in the U.S. by 150 basis points (bps) YOY. Visa U.S. payment card (credit + debit) GDV for 1Q/16 was up 10.0%. MasterCard U.S. payment card (credit +…