Top 4 U.S. Issuers Siphon Card Outstandings from AXP – Q1 YOY Double-Digits

U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S.  issuers gained 9.6% in the first quarter (1Q/17) year-on-year (YOY) to $396.7 billion. The YOY growth rate is down 130 basis points (bps), compared to the prior quarter, in line with historic seasonal patterns, according to CardData. The gain was largely driven by Citibank, as…

Mastercard Slowly Making Inroads on Visa in LAC – Q1 GDV Up 13% FX

Visa and Mastercard purchase dollar volume (PDV), currency adjusted (FX), in the Latin American Caribbean (LAC) region has been robust with year-on-year (YOY) growth in double digits. Mastercard has been slowly gaining on Visa in the LAC, eroding Visa’s marketshare in the LAC region, based on nominal PDV, to 64% at end-of-year (EOY) 2016, compared…

AmEx Costco Loss Fuels Top 4 V/MA Issuers Q1 GDV YOY Growth

U.S. Gross Dollar Volume (GDV) among the top four bank credit card issuers, rose an estimated 19.0% year-on-year (YOY) in the first quarter (1Q/17). The strong growth was driven by Citibank and its Costco portfolio acquired from American Express early last year, according to CardData. The top four U.S. issuers racked up an estimated $351.3…