Second-quarter card loan growth, among the Top 4 U.S. issuers, grew a paltry 2.6% year-on-year (YOY), compared to 3.4% YOY in the prior quarter, and compared to 4.8% YOY one-year ago. Among the nation’s Top 4 credit card issuers (Chase [JPM], Capital One [COF], Bank of America [BAC], and Citibank [C]), the annual growth rate…
Second-quarter global volume on a currency adjusted basis (FX) for the Major 4 U.S. based networks was essentially flat year-on-year (YOY) down by 10 basis points (bps), compared the prior year. American Express posted the only YOY FX gain in global gross dollar volume (GDV) of nearly 200 bps. Global payment card (credit+debit+charge+prepaid) GDV for…
Card cash transactions Internationally for Visa and Mastercard picked up some steam in credit card cash transaction (CTX), while debit card CTX slipped nearly 300 bps (basis points) YOY (year-on-year) in the first-quarter. GTX for credit and debit cards combined increased 3.8% YOY in the first-quarter (1Q/19) compared to a 6.0% YOY increase in the…
International card CDV (cash dollar volume) for Visa and Mastercard payment cards increased by 5.4% YOY FX (currency adjusted) in the first-quarter (1Q/19), compared to 7.1% YOY FX one-year ago. On a nominal basis (not currency adjusted) CDV decreased 4.5% YOY for 1Q/19, compared to a 12.2% YOY gain for 1Q/18. Visa and Mastercard international…
Mastercard and Visa card purchase transactions (PTX) for credit and debit cards in the U.S. grew by 7.0% year-on-year (YOY) in the first-quarter (1Q/19) compared to a 9.6% YOY gain in the fourth-quarter. The growth was primarily driven by Mastercard U.S. credit cards PTX on a YOY basis and by Visa U.S. credit cards on…
Second-quarter card delinquency among the nation’s top credit card issuers dipped from the prior quarter, due to seasonality and increasing balances. However, over the past five years, the second-quarter delinquency ratio has been on an upward trend, rising 35 bps (basis points) from the second-quarter of 2015. It is the highest second-quarter ratio for more…
Active cards, or credit card accounts with sales activity, among the Big 6 U.S. issuers, increased 3.5% year-on-year (YOY) in the first-quarter (1Q/19), compared to a record of about 14% YOY in 2018. However, Discover’s nearly 9% CAGR in organic growth and by Citibank’s approximate 10% CAGR produced by acquisitions. On a YOY basis. American…
Second-quarter card volume, among the Major 4 payment networks (Visa [V], Mastercard [MA], American Express [AXP], and Discover [DFS]) for U.S. credit cards, lost momentum, growing 8% year-on-year (YOY), compared to a 9% YOY gain for the year ago quarter. The Major 4 reported $1028 billion in U.S. credit card gross dollar volume (GDV) for…
Asia-Pacific card accounts post solid growth for Mastercard rising nearly 16% YOY (year-on-year) while Visa grabbed more share from Mastercard in Canada, growing nearly 9% YOY. Visa and Mastercard gross (open) payment card accounts (GAC) for the first-quarter (1Q/19) increased 6.8% YOY, compared to 7.0% YOY in 2018. Visa and Mastercard International credit card GAC…
Mastercard and Visa card cash transactions (CTX) for credit and debit cards in the U.S. declined by 7.1% year-on-year (YOY) in the first-quarter (1Q/19) compared to a 2.3% YOY decline in the fourth-quarter. The decline was across-the-board for both Visa and Mastercard U.S. payment card CTX on a YOY basis and on a CAGR basis.…
Open card accounts in the U.S. for the Big 6 issuers grew by 10 million in 2018. Over the past five years, gross open accounts (GAC) for U.S. credit cards among the nation’s six largest issuers expanded by 43.4 million. In the first-quarter (1Q/19) the year-on-year (YOY) gain in GAC was 3.6%. At the end…
Mastercard international debit GTX (gross transactions) soared as Visa and Mastercard GTX for credit and debit cards jumped 11.1% year-on-year (YOY) in the first-quarter (1Q/19) compared to a 18.6% YOY increase in the fourth-quarter. The international debit card transactions market remains hot with a CAGR (compound annual growth rate) above 28%. International payment card gross…