V+MA+AXP+DFS Q1 U.S. Credit+Debit PDV Up 6.5% YOY

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…

V+MA Q1 International Credit+Debit GDV +19% YOY NFX

Visa and Mastercard international credit card gross dollar volume (GDV) for the first quarter (1Q/17) rose 18.6%, on a non-currency adjusted basis (NFX), year-on-year (YOY). For international debit cards, Visa and Mastercard GDV increased 48.2% YOY NFX, according to CardData. Excluding Visa Europe, Visa and Mastercard international payment card (credit+debit) GDV for the first quarter…

Perfect Storm Forms for U.S. Bank Credit Card Issuers Mid-Year 2017

The stage is set for rough seas for the U.S. card industry going forward. Three indicators signal risk new account bookings surged since 2011; active credit card lines now exceed $3.4 trillion; and 30-day credit card delinquency deteriorated in first quarter 2017. Exceeding year’s pace, Chase opened up 2.5 million accounts in 1Q/17, compared to…

V+MA+AXP+DFS Q1 U.S. CC GDV – V +20% AXP -6%

Gross dollar volume (GDV) for Visa, Mastercard, American Express and Discover credit cards (CC) in the U.S. climbed 9.4% year-on-year (YOY) in 1Q/17 reaching $793 billion, according to CardData. Visa led the way in the first quarter posting a 19.8% YOY gain for U.S. GDV, offsetting the American Express decline. Visa reported first quarter U.S.…

Visa’s Major TSP Expansion Targets Embedding Things Paying for Things

Eight out of 10 Americans have a strong interest in using connected devices to make purchases, with a keen eye toward security and data concerns. Meanwhile, Visa confirms it has signed 13 new partners to participate in its token service provider (TSP) program, as the payments industry shifts from plastic to digital and broader access…

V+MA 1Q/17 U.S. PTX Edges Upward Pushed by V Credit Cards

Purchase transactions (PTX) for Visa and Mastercard credit and debit cards in the U.S. grew by 4.8% year-on-year (YOY) in the first quarter (1Q/17) to 20.3 billion. The growth was driven by credit cards, and more specifically Visa. according to CardData. U.S. purchase transactions for Visa and Mastercard payment cards (debit+credit) hit 20,388 in 1Q/17, compared…

Top 6 U.S. Credit Card Issuers Post Robust Q1 YOY Outstandings

U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers increased 9.5% in the first quarter (1Q/17) year-on-year (YOY) to $513.1 billion. The robust aggregate gain resulted from strong YOY growth from Citibank, Capital One and American Express. The Big 6: American Express, Discover, Chase, Bank of America, Capital One and Citibank, reported $513.1…