MasterCard's Ed McLaughlin

Artificial Intelligence and Payments to Intersect at London AI Summit

Artificial intelligence and payments will intersect this month as Ed McLaughlin, president of operations and technology for MasterCard will keynote at the 4th Annual AI Summit in London, June 12 and 13. McLaughlin is also a member of Mastercard’s Executive Committee. This major technology event, AI Summit, is focused on artificial intelligence and will attract…

International Card GDV

International Card GDV +9% FX YOY Driven by Debit & MA

International card GDV (gross dollar volume) for Visa [V] and Mastercard [MA] payment cards (credit+debit+charge+prepaid) rose 8.7% YOY (year-on-year) on a currency adjusted basis (FX) for the first-quarter (1Q/19). On a nominal basis (not currency adjusted) international payment cards GDV decreased 0.4% YOY. Visa and Mastercard reported US$2732 billion in international payment card GDV for…

Switched Processed Transactions Globally

Switched Processed Transactions Globally +12.5% YOY & 16% CAGR

Switched processed transactions (TX) in the first-quarter (1Q/19), for Visa and Mastercard combined, globally, remains in double-digits year-on-year (YOY), hovering above a 12% growth rate for five consecutive quarters. MasterCard posted a 410 basis points (bps) spread over Visa in 1Q/19 for global processed switched transactions. Combined Visa and MasterCard processed 51,749 million transactions in…

First-Quarter Credit Cards Increased 5% YOY Growing 3% CAGR in U.S.

First-quarter credit cards in the U.S. market will likely top 700 million in 2019. Mastercard is leading the charge growing credit/charge cards at least twice as much as the other three. U.S. credit/charge cards-in-force (CIF) in the first-quarter (1Q/18) for the Major 4 (Visa [V], MasterCard [MA], American Express [AXP] and Discover [DFS]) was up…

First-Quarter U.S. Card PDV

First-Quarter U.S. Card PDV Rises 8% YOY & Running 10% CAGR

First-quarter U.S. card PDV (purchase dollar volume) for the U.S. market rose 8.1% year-on-year (YOY) for the Major 4 U.S.-based networks. The Major 4 U.S. payment card networks: Visa [V]; Mastercard [MA]; American Express [AXP]; and Discover (DFS) collectively posted $1544.5 billion in 1Q/19 U.S. payment card PDV, compared to a revised $1623.1 billion for…

U.S, Credit Card Accounts

First-Quarter Credit Card Accounts + 6% YOY & 3.89% CAGR

First-quarter credit card accounts in the U.S. market posted a strong 6.1% year-on-year (YOY) gain topping 550 million. The growth rate is the highest in more than five years, and comes on the heels of sluggish growth in the prior year. Currently, the U.S. general purpose credit card market is growing at a five-year compound…

First-Quarter Global PDV

First-Quarter Global Purchases Up 9% FX & 12% CAGR

First-quarter global purchases for the Major 4 U.S.-based payment networks payments cards (credit + charge + debit + prepaid) increased 9.4% year-on-year (YOY) on a currency adjusted basis (FX). On a nominal dollars basis (NFX) for the first-quarter (1Q/19), global payment card purchase dollar volume (PDV), rose 4.4% YOY. The Major 4 U.S.-based global networks:…

First-Quarter Global CIF

First-Quarter Global Cards +7% YOY +9% CAGR Major 4 Networks

First-quarter global cards among the Major 4 U.S. payment networks expanded by 369 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 7.0% year-on-year (YOY) in the first-quarter (1Q/19). First-Quarter Global CIF Growth The compound annual growth…