US Bank Q4/14

The nation’s largest commercial card issuer and #5 V/M issuer overall, posted an 8.2% year-on-year (YOY) increase in purchase dollar volume (PDV) in the fourth quarter (Q4/14). U.S. Bank (USB) revenues were relatively flat for its card and corporate payments business but strong growth in merchant processing drove net (after tax) income up 25% YOY, according to CardData.


The nation’s fastest growing Visa and MasterCard major issuer, and the #1 near-prime/sub-prime issuer continues to plow along with solid growth in purchase dollar volume (PDV) and growth in credit card outstandings. RAM Research projects Capital One (COF) will deliver $50.9 billion in PDV and $72.4 billion in outstandings for the first quarter.