Global Credit Card Profits

Global Credit Card Profits Continue to Soar Approaching 30% YOY

Global credit card profits for the top four networks are incredibly strong year-on-year (YOY) in the third quarter (3Q/18). The network peer group net income (after tax) soared 28.7% YOY for 3Q/18, equally driven by Visa and Mastercard, according to RAM Research. Visa, Mastercard, American Express and Discover reported a combined 3Q/18 (after tax) profit…

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…

Visa Mastercard CIF for U.S.

Visa Mastercard CIF for the U.S. Market Loses Momentum in the Second Half

U.S. Visa Mastercard CIF (cards-in-force) for payment cards (credit & debit) increased 2.1% year-on-year (YOY) in the third quarter (3Q/18), compared to a 6.6% YOY gain in the prior quarter. U.S. credit cards increased 2.9% YOY while CIF for debit cards rose 1.5% YOY, in 3Q/18. There are were 1289 million Visa and Mastercard payment…

Canada Visa Mastercard

Canada Visa Mastercard Credit and Debit Cards Posts Solid Q3 Gains

Purchase dollar volume (PDV) for Canada Visa Mastercard payment cards (credit cards +debit cards) posted strong performance again in the third quarter (3Q/18) up 4.9% nominal or 9.9% currency adjusted (FX) year-on-year (YOY). Sequentially, nominal and FX YOY increases were 14.5% and 10.0%, respectively, Canadian payment cards-in-force (CIF) increased 10.4% YOY to 117 million for…

U.S. Credit Card Marketshare

Visa U.S. Marketshare Grows at Expense of Mastercard and American Express

Visa U.S. marketshare (MS/GDV) expanded among the nation’s four major payment card networks. The major four networks produced $1754 billion in U.S. gross dollar volume (GDV) in the third quarter (3Q/18) for a 9.8% year-on-year (YOY) gain, compared to 9.3% YOY in the prior quarter, according to CardData. Visa continues to rule the market, growing…

Credit Cards-in-Force

Credit Cards-in-Force Growth Signals U.S. Market Saturation

Credit Cards-In-Force (CIF) in the third quarter (3Q/18) for Visa, MasterCard, American Express and Discover in the U.S. was up 3.8% year-on-year (YOY). At the end of 3Q/18, there were 676 million U.S. credit/charge CIF compared to 651 million for 3Q/17, according to RAM Research. Total U.S. credit cards for 3Q/18 stands at an estimated…

Global Payment Card PDV

Global PDV for Major 4 Card Networks Picks Up Steam in Q3

Global PDV (Purchase dollar volume) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally rose 9.0% year-on-year (YOY) on a nominal dollars basis for the third quarter (3Q/18). However, on a currency adjusted basis (FX), global 3Q/18 PDV increased 13% YOY, reports RAM Research. The major four U.S.-based global networks posted $3492…

Payment Cards Worldwide

Payment Cards Worldwide Driven by International Credit and Debit Cards

Payment cards worldwide or cards-in force (CIF) [credit + debit] grew by 5.5% year-on-year (YOY) in the third quarter (3Q/18) to 5448 million, compared to a revised 5369 million for 2Q/18 and 5166 million, one-year ago. All the four major U.S. based payments networks posted gains in 3Q/18, according to CardData. Visa and MasterCard Payment…

Credit Card PDV

Credit Card PDV Remains Robust Remains in Double-Digits in Q3

Credit card PDV (Purchase Dollar Volume) for the Major 4 networks (Visa, Mastercard, American Express and Discover) cards (credit + debit) in the U.S. climbed 11.4% year-on-year (YOY) in the third quarter (3Q/18) hitting near $1544 billion, according to CardData Visa barely led the way in the 3Q/18 posting an 11.7% YOY gain for U.S.…