Credit Cards CIF

Second-Quarter Credit Cards CIF Grow at Bottom and Top

Second-quarter credit CIF (cards-in-force) continue to grow despite a saturated U.S. market driven by an expanding sub-prime marketplace and the aggressive marketing of high-end rewards cards. Over the past year, the total CIF is up by more nearly 24 million, and growing more 300 basis points (bps) over the prior twelve-month period. Mastercard is blowing…

Second-Quarter PDV

Second-Quarter PDV Declines 200 bps YOY U.S. CAGR 8.78%

Second-quarter PDV (purchase dollar volume) for the U.S. payment cards (credit+debit+charge+prepaid) grew 9.1% YOY (year-on-year), compared to 11.1% one-year ago. Mastercard picked up 90 bps (basis points), while Discover declined 440 bps during the same period. The Major 4 U.S.-based payment card networks: Visa [V]; Mastercard [MA]; American Express [AXP]; and Discover (DFS) collectively posted…

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…

International GTX

Mastercard International Debit GTX Soars 25% – Visa Credit Sputters

Mastercard international debit GTX (gross transactions) soared as Visa and Mastercard GTX for credit and debit cards jumped 11.1% year-on-year (YOY) in the first-quarter (1Q/19) compared to a 18.6% YOY increase in the fourth-quarter. The international debit card transactions market remains hot with a CAGR (compound annual growth rate) above 28%. International payment card gross…