CardWeb.com’s CardData database of Company Profiles today features e-commerce specialist Coinzone.
U.S. cards-in-force (CIF) for Visa and MasterCard credit cards increased 8.9% year-on-year (YOY) while CIF for debit cards rose 9.1% YOY, in the first quarter, according to CardData. Driven by prepaid cards, U.S. Visa and MasterCard debit cards could cross the 700 million milestone in 2016.
Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers climbed 5.2% in the first quarter to 189.9 million, compared to 180.4 million one-year ago. While Chase and Citi posted slight downticks in Q1, BofA and Capital One are looking up.
U.S. purchase transactions (PTX) for Visa and MasterCard credit cards increased 12.3% year-on-year (YOY) while PTX for debit cards rose 7.7% YOY, in the first quarter, according to CardData. However, the average ticket for credit and debit combined declined slightly YOY from $53.15 to $52.84.