Visa & MC to Use clearXchange for US Debit

Visa & MC to Use clearXchange for US Debit

Early Warning has signed an agreement with Visa to enable person-to-person (P2P) payments on its clearXchange network using U.S.-issued debit cards through the Visa Direct platform. Also it will leverage Mastercard Send to enable U.S. debit card holders to send and receive money through the clearXchange network. Early Warning’s clearXchange network currently enables customers of…

Intl Card GDV - Visa Rules Credit; MasterCard Rules Debit

Intl Card GDV – Visa Rules Credit; MasterCard Rules Debit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international credit card gross dollar volume (GDV) for the first quarter (1Q/16) rose 10.8%, on a currency adjusted basis (FX), year-on-year (YOY). For international debit cards, Visa and MasterCard GDV increased 12.6% YOY FX. Visa outpaced MasterCard in international credit cards 1Q/16 YOY FX growth, while MasterCard took…

Defying Forecasts Late Stage Delinquency is Moderate

Defying Forecasts Late Stage Delinquency is Moderate

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average late stage U.S. credit card delinquency (90+ day) among the nation’s top four issuers edged down 1 basis points (bps) sequentially, but up 5 bps year-on-year (YOY) for the first quarter (1Q/16). Early stage delinquency, the precursor of 90+ day delinquency, among the peer group, also declined in 1Q/16. For…

Visa and MC U.S. Credit & Debit CIF Break 1.2B

Visa and MC U.S. Credit & Debit CIF Break 1.2B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. cards-in-force (CIF) for Visa and MasterCard payment cards (credit & debit) increased 6.5% year-on-year (YOY) in the first quarter (1Q/16). U.S. credit cards increased 7.4% YOY while CIF for debit cards rose 5.7% YOY, in 1Q/16. There are were 1218 million Visa and MasterCard payment cards in circulation in the…

U.S. Credit Card GTX Continues Outpace Debit Cards YOY

U.S. Credit Card GTX Continues Outpace Debit Cards YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 11.9% year-on-year (YOY) in the first quarter (1Q/16).  U.S. GTX for credit cards jumped 12.9% YOY while U.S. GTX for debit cards increased 11.5% YOY in 1Q/16. Visa’s U.S. GTX for credit cards rose 12.2% YOY as…

Visa and MasterCard Payment Card CDV Rises 7.6% YOY

Visa and MasterCard Payment Card CDV Rises 7.6% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Cash Dollar Volume (CDV) for Visa and MasterCard (credit + debit) in the first quarter (1Q/16) grew at an annual rate (YOY) of 7.6%. The growth was driven by MasterCard debit cards. Visa U.S. payment card (credit + debit) CDV for 1Q/16 was up 7.4%. MasterCard U.S. payment card (credit…