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…

Credit Card Yields Top 4

Credit Card Yields Set a New Record Among Nation’s Top 4 Issuers

Credit card yields average jumped among the nations’s Top 4 bank card issuers by 64 basis points (bps) sequentially at 11.94% and up 46 bps year-on-year (YOY) for the third quarter (3Q/18), compared to 11.31% for the prior quarter, and 11.94% for 3Q/17 according to CardData According to RAM Research this is first quarter ever…

Early Stage Credit Card Delinquency

Early Stage Delinquency Rises Among Top 4 Credit Card Issuers

Early stage delinquency (30+ days) for the third quarter (3Q/18), among the nation’s Top 4 issuers, increased 19 basis points (bps) sequentially, and declined year-on-year (YOY) by 1 bps. According to CardData, the average rate among the top four issuers (Chase, Capital One, Bank of America, Citibank) was 2.26% for 3Q/18, compared to 2.07% for…

Credit & Debit Cards Globally

Circulation of Payment Cards Worldwide Rises 6% YOY in Q2 & to Top 5.5 billion EOY

Payment cards worldwide or cards-in force (CIF) [credit + debit] grew by 6.4% year-on-year (YOY) in the second quarter (2Q/18) to 5412 million, compared to 5323 million for 1Q/18 and 5088 million, one-year ago. All the four major U.S. based payments networks posted gains in 2Q/18, according to CardData. Visa and MasterCard Rule the Planet…

Credit Card Yields Top 4

Credit Card Yield Remains Solidly 11%+ in 2018 with Capital One the Driving Factor

The average credit card yield among the nations’s Top 4 bank card issuers declined 30 basis points (bps) sequentially at 11.31%, but up 12 bps year-on-year (YOY) for the second quarter (2Q/18), compared to 11.61% for the prior quarter, and 11.19% for 2Q/17. Capital One (COF), continues to lead the Top 4 with a 15.05%…

Capital One Leads Top 4 Marketshare Growth

Capital One U.S. PDV Credit Card Marketshare Soars in Q2 +90 bps YOY

Capital One led the charge in the U.S. credit card market in the second quarter (2Q/18). U.S. credit card marketshare, based on Visa and Mastercard purchase dollar volume (PDV), among the top 4 U.S. bank credit card issuers, declined 80 basis points (bps) to 61% in the second quarter. U.S. CREDIT CARD MARKETSHARE While Chase…

European Payments Cards

Visa and Mastercard European Credit Cards Q2 Racking-Up Impressive YOY Gains

European Credit Cards Q2 for Visa and Mastercard posted strong year-on-year (YOY) gains for the second quarter (2Q/18). On a non-currency adjusted basis (NFX), gross dollar volume (GDV) rose 16.5% YOY, purchase dollar volume (PDV) increased 19.2% YOY, and cards-in-force (CIF) climbed 6.1% YOY. On a currency adjusted basis (FX), Visa GDV rose 7.3% YOY…

Visa + Mastercard LAC Q2 PDV (FX) YOY Surges as Visa Marketshare Continues to Slip

Visa and Mastercard purchase dollar volume (PDV), currency adjusted (FX), in the Latin American Caribbean (LAC) region skyrocketed in the second quarter (2Q/18) with year-on-year (YOY) growth in double digits. Mastercard has been slowly gaining on Visa in the LAC, eroding Visa’s marketshare in the LAC region, based on nominal PDV, to 61% at end-of-year…

Global Q2 Profits for Top 4 U.S. Networks Top 20% YOY – Fueled by Mastercard +33% YOY

Profits for the top four networks were all over the map year-on-year (YOY) in the second quarter (2Q/18). The network peer group net income (after tax) soared 20.8% YOY for 2Q/18, largely driven by Mastercard. Visa, Mastercard, American Express and Discover reported a combined 2Q/18 (after tax) profit of $6190 million, compared to $6397 million…

Credit Card Q2 Delinquency Stabilization Evident Among All Banks — Not Limited to Top 4 Issuers

The 30+ day delinquency rate, seasonally adjusted (SA), among the top 100 U.S. banks for the second quarter (2Q/18) increased seven basis points (bps) sequentially (Q2Q), and flat year-on-year (YOY). On a not seasonally adjusted basis (NSA), the delinquency rate among the top 100 U.S. banks for 2Q/18, decreased 19 bps Q2Q and down 19…