Visa and Mastercard international gross (open) payment card accounts (GAC) for the first quarter (1Q/17) grew an adjusted 7.5% year-on-year (YOY). International credit GAC was up 14.5% YOY and international debit GAC soared 33.2% in 1Q/17, both unadjusted, according to CardData. Visa began including Visa Europe in its operational performance reports as of 3Q/16. Visa…
Profits for the top four networks were all over the map year-on-year (YOY) in the first quarter (1Q/17). The network peer group net income declined 29.9% YOY for 1Q/17, driven by huge declines posted by Visa and American Express, according to CardData. Since 1Q/16 Visa folded in the Visa Europe portfolio and began reporting operational…
Australian credit card outstandings edged up by 0.4% year-on-year (YOY) in April. Credit card credit limits increased 0.7% YOY and the number of credit card accounts rose 1.2% YOY in April, according to CardData. The average balance per account in April declined 0.8% YOY to AU$3104, compared to AU$3146 for March, and AU$3130 for April…
U.S. Gross Dollar Volume (GDV) among the big six U.S. bank card issuers, rose an estimated 10.0% year-on-year (YOY) in the first quarter (1Q/17). The growth was driven by Citibank offset somewhat by an American Express decline, according to CardData. Citibank grew four-fold over the second highest gainer in the peer group, Chase. Chase, Bank of…
U.S. Cash Dollar Volume (CDV) for Visa and Mastercard (credit + debit) in the first quarter (1Q/17) grew at an annual rate (YOY) of 1.1%. The growth was driven by Visa debit cards, according to CardData. Visa and Mastercard reported $187 billion in 1Q/17 CDV for payment cards, compared to $186 billion in the prior…
U.S. credit card marketshare, based on purchase dollar volume (PDV) among the top 4 U.S. bank credit card issuers, shows Citi was the only issuer with a positive gain in the first quarter (1Q/17), compared to the prior quarter, and one-year ago, according to CardData. While Chase continues to hold a commanding 24.3% marketshare for…
International purchase transactions (PTX) for Visa and Mastercard credit and debit cards grew by 14.8% year-on-year (YOY) in the first quarter (1Q/17), excluding Visa Europe. Including Visa Europe, added starting 3Q/16, the YOY gain was 50.1%. International PTX, including Visa Europe, for credit cards increased 22.6% YOY while international PTX for debit cards rose 89.5%…
Total U.S. gross accounts (GAC) in the first quarter (1Q/17) for Visa, Mastercard, American Express and Discover U.S. credit cards was up 5.9% year-on-year (YOY). At the end of 1Q/17, there were 541.2 million U.S. credit GAC compared to 536.1 million for 4Q/16, and 510.9 million for 1Q/16, according to CardData. Visa U.S. credit GAC…
U.S. Purchase Dollar Volume (PDV) for credit cards, among the Big 6 U.S. card issuers, rose 9.2% year-on-year (YOY) for the first quarter (1Q/17). Citi scorched the Big 6 with a 50%+ YOY gain driven by the Costco card acquisition, according to CardData. The Big 6 U.S. issuers racked up $524.0 billon in PDV for…
Visa and Mastercard U.S. gross (open) payment card accounts (GAC) for the first quarter (1Q/17) grew 8.2% year-on-year (YOY). U.S. credit GAC was up 8.3% YOY and U.S. debit GAC increased 7.6% YOY in 1Q/17, according to CardData. The overall U.S. GAC growth was driven by Visa credit and debit products. Totally, Visa and Mastercard…
The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers was flat sequentially, to 1.05% for the first quarter (1Q/17), but up 13 basis points (bps) from one-year ago (YOY). This is the first time the 90+ day delinquency has crossed the 1.00% since 2009, according to CardData. The…
Purchase dollar volume (PDV) for the Major 4 networks (Visa, Mastercard, American Express and Discover) cards (credit + debit) in the U.S. climbed 6.5% year-on-year (YOY) in 1Q/17 hitting $1288 billion. Visa led the way in the first quarter posting nearly a 12% YOY gain for U.S. PDV. The Major 4 collectively posted $1288 billion…
