International cash transactions (CTX) for Visa and Mastercard credit and debit cards grew by 18.8% year-on-year (YOY) in the first quarter (1Q/17), adjusted there was no YOY growth. International CTX for credit cards increased 21.3% YOY while international CTX for debit cards rose 18.6% YOY in 1Q/17, according to CardData. All the YOY figures are…
U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the Top 4 U.S. issuers, edged up 14.0% year-on-year (YOY) in the first quarter (1Q/17), according to CardData. Citibank drove the YOY growth via its acquisition of the American Express Costco cobrand portfolio last year. There were 120.7 million active bank credit card…
Visa and Mastercard international credit card cash dollar volume (CDV) for the first quarter (1Q/17) soared 30.3% year-on-year (YOY). Meanwhile, international debit card CDV grew 40.0% YOY in 1Q/17, according to CardData. The huge jump is attributed to the inclusion of Visa Europe in 3Q/16. Visa and Mastercard posted $922 billion in international CDV for…
Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers jumped 12.5% year-on-year (YOY) in the first quarter (1Q/17) to 213.8 million, compared to 190.0 million one-year ago, according to CardData. The GAC growth is driven by Citibank and its acquisition of the American Express Costco portfolio in early 2016.…
U.S. Purchase Dollar Volume (PDV) among the top four U.S. bank credit card issuers, rose 18.9% year-on-year (YOY) in the first quarter (1Q/17), compared to YOY growth rate of 10.0% in 1Q/16. Citi drove the YOY growth with the 2016 acquisition of the AmEx/Costco portfolio, according to CardData. The top four U.S. issuers racked up $334.5…
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…
Total Visa and Mastercard processed or switched transactions (TX) in the first quarter (1Q/17) rebounded above year-on-year (YOY) growth rates of the past three years. Mastercard, is growing significantly higher YOY with a 500 basis points (bps) gap over Visa in 1Q/17, discounting the addition of Visa Europe in the third quarter of last year.\,…
Profits (after tax) among the nation’s Big 6 U.S. credit card issuers declined 25.3% in the first quarter (1Q/17), compared to one year ago (YOY) and, down 11.1% sequentially (QTQ). The sharp decline was attributed to YOY double-digit declines posted by American Express, Chase, Citibank and Capital One, according to CardData. Aggregate card after tax…
The average yield among the nations’s big six bank credit card issuers came in at 11.26% for the first quarter (1Q/17), compared to 11.11% in the prior quarter, and 11.31% for 1Q/16. Capital One (COF), the nation’s fastest growing major credit card issuer, and Discover (DFS), one of best managed portfolio again, posted the highest…
Australian credit card gross dollar volume (GDV) dropped 1.0% year-on-year (YOY) in April. Purchase dollar volume (PDV) decreased 2.2% YOY and cash dollar volume (CDV) sunk by 11.4% YOY in April, according to CardData. There were growing concerns in 2016 credit card spending was slowing down, but after a brief spike in March the erosion…
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…
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…
