Money Revolution at Money 20/20

Money Revolution Hits Las Vegas as Big Guns Converge

The Money Revolution, Money20/20, is the “magnet of magnets” of events for the payments industry and it gets underway next week. Billed as the doorway to the epicenter of the payments, banking, fintech and financial services ecosystem, this year’s theme is Journey to the Future of Money. Featured in PYVNTS, the four day Money 20/20…

Asif Ramji Worldpay Money 20/20

FinTech Big Tech Payments Converge at Vegas Money/20/20

FinTech Big Tech Payments will come together in Las Vegas for Money20/20 event, October 27-30. Asif Ramji, Chief Product and Marketing Officer of Worldpay, and former president and CEO of Paymetric, will keynote the major event. Money20/20 bills itself as where 2,300+ C-Level executives, 500+ renowned speakers and thousands of of disruptors from 88 countries…

Visa Mastercard International Transactions

Visa Mastercard International Gross Transactions up 19% YOY

International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 18.6% year-on-year (YOY) in the fourth quarter (4Q/18), compared to 11.8% YOY in 2017. International GTX for credit cards increased 18.1% YOY, compared to 4.1% YOY in 2017. International CTX for debit cards soared 18.9% YOY in 4Q/18, compared to 17.1%…

Credit Card Dollar Volume

Credit Card Dollar Volume Growth Among Big 6 U.S. Issuers Slumps a Tad in Q4

Credit card dollar volume among the Big U.S. six U.S. bank card issuers, rose an estimated 8.7% year-on-year (YOY) in the fourth quarter (4Q/18), compared to a 9.4% YOY gain for 4Q/17. Capital One led the peer group with a high double-digit growth YOY in 4Q/18 for gross dollar volume (GDV), followed by Chase, also in…

Processed Switched Transactions

Processed Switched Transactions Globally for Visa and Mastercard Vigorous in 2018

Processed or switched transactions (TX) in the fourth quarter (4Q/18), for Visa and Mastercard combined, globally, remains in double-digits year-on-year (YOY), hovering around a 12% growth rate. MasterCard, is by far running away with significant YOY gains over Visa, posting a 700 basis points (bps) spread over Visa in 4Q/18 for processed switched transactions. Combined…

Cross-Border Transactions

Cross-Border Transactions Strong for Mastercard — Weak for Visa in Q4

Mastercard’s cross-border transactions, on a currency adjusted basis (FX), soared in the fourth quarter (4Q/18) outpacing Visa by 380 basis points (bps) year-on-year (YOY). However, Mastercard’s growth rates are adjusted to eliminate the effects of differing switching days between periods. Sequentially, quarter-to-quarter, Mastercard jumped 180 bps, compared to Visa’s 300 bps decline, according to analysis…

Global Payment Card GDV

Global Payment Card GDV FX YOY Remains Level in Q3

Global Payment Card GDV (Gross Dollar Volume) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally increased 6.2% year-on-year (YOY) on a nominal dollars basis, for the third quarter (3Q/18). However, on a currency adjusted basis (FX) global GDV for 3Q/18 increased an estimated 10.3% YOY, according to RAM Research. The major…