Payments Performance Covid-19

Payments Performance Facing Huge COVID-19 Impacts

Payments performance for both networks and issuers are poised to face the profitability challenges of 40 years ago as the coronavirus impacts rage through all levels of life. The likely impact of the first two quarters of this year will wipe out profitability for 2020 and if COVID-19 extends into the third quarter, the impact…

Global Card Spending

Global Card Spending Plummets via Covid-19

Global card spending growth started to unwind in the fourth-quarter but the catastrophic worldwide impact of the coronavirus will be stunning for the first-quarter and far beyond. Business spending on travel could fall by more than $150 billion in the first three months. Consumer spending on travel will likely decline by $300 billion in Q1.…

Second-Quarter Global Cards

Second-Quarter Global Cards +6.5% U.S. Debit +11% YOY

Second-quarter global cards among the Major 4 U.S. payment networks expanded by 347 million credit and debit cards-in-force (CIF) over the past twelve months. The Major 4 (Visa [V], Mastercard [MA], American Express [AXP], Discover/Diners [DFS]), global payment cards grew 6.5% year-on-year (YOY) in the second-quarter (2Q/19). Second-Quarter Global Cards Growth Analysis The Major 4…

Second-Quarter Global Volume

Second-Quarter Global Volume FX Down 10 bps & CAGR Slips

Second-quarter global volume on a currency adjusted basis (FX) for the Major 4 U.S. based networks was essentially flat year-on-year (YOY) down by 10 basis points (bps), compared the prior year. American Express posted the only YOY FX gain in global gross dollar volume (GDV) of nearly 200 bps. Global payment card (credit+debit+charge+prepaid) GDV for…