Credit/Debit card activity in the U.S. for gross transactions (GTX) for Visa and Mastercard credit and debit cards grew by 8.3% year-on-year (YOY) in the third quarter (3Q/18), compared to 6.5% one-year ago, according to CardData. U.S. GTX for Visa + Mastercard credit cards jumped 8.7% YOY while U.S. GTX for Visa + Mastercard debit…
Real-time holiday spending data are here from a payments industry leader for the first time. Payments processor First Data, launched the live dashboard just before Black Friday, November 23rd and offering free access until January 3rd. Spending Data The Holiday Insights dashboard reflects actual transaction data from millions of U.S. merchants. The Thanksgiving-Black Friday period…
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…
Mastercard’s cross-border volume, on a currency adjusted basis (FX), soared in the second quarter (2Q/18) outpacing Visa by 158 basis points (bps) year-on-year (YOY). Sequentially, quarter-to-quarter (QTQ), Mastercard slipped a 121 bps, compared to Visa’s flat performance YOY. Cross-border transaction volume refers to payments and cash volume where the issuing country is different from the…
Australian credit card debt growth is sluggish while credit card usage is continues to grow slowly. Credit card outstandings grew 0.8% year-on-year (YOY) in July, while credit card purchase dollar volume (PDV) rose 7.2% YOY. According to figures released yesterday by the Reserve Bank of Australia (RBA), credit card credit limits were flat in July…
Payment card transactions (PTX) for Visa and Mastercard credit and debit cards in the U.S. grew by 9.5% year-on-year (YOY) in the second quarter (2Q/18) to 24.1 billion. The growth was driven by Mastercard credit and debit cards. U.S. payment card purchase transactions for Visa and Mastercard (debit+credit) hit 24,067 in 2Q/18, compared to 22,221…
Purchase dollar volume (PDV) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally rose 13.7% year-on-year (YOY) on a nominal dollars basis for the second quarter (2Q/18). However, on a currency adjusted basis (FX), global 2Q/18 PDV increased 12.1% YOY. The major four U.S.-based global networks posted $3511 billion in global PDV…
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…
Purchase dollar volume (PDV) for the Major 4 networks (Visa, Mastercard, American Express and Discover) cards (credit + debit) in the U.S. climbed 10.3% year-on-year (YOY) in 2Q/18 topping $1536 billion. Visa barely led the way in the second quarter posting a 10.5% YOY gain for U.S. PDV. The Major 4 collectively posted $1536.6 billion…
U.S. Purchase Dollar Volume (PDV), for credit cards, among the Big 6 U.S. card issuers, rose 10.6% year-on-year (YOY) for the second quarter (2Q/18). Capital One scorched the Big 6 with a 17.3%+ YOY gain. The Big 6 U.S. issuers racked up $640.7 billon in PDV for 2Q/18, compared to $584.1 billion in 1Q/18 and…
U.S. gross transactions (GTX) for Visa and Mastercard credit and debit cards grew by 7.9% year-on-year (YOY) in the second quarter (2Q/18), compared to 6.1% one-year ago. U.S. GTX for credit cards jumped 8.1% YOY while U.S. GTX for debit cards increased 7.8% YOY in 2Q/18. Visa’s U.S. GTX for credit cards rose 8.5% YOY…
U.S. gross transactions (GTX) for Visa and Mastercard credit and debit cards grew by 5.9% year-on-year (YOY) in the first quarter (1Q/17), compared to 6.5% one-year ago, according to CardData. U.S. GTX for credit cards jumped 14.2% YOY while U.S. GTX for debit cards increased 2.5% YOY in 1Q/17. Visa’s U.S. GTX for credit cards…
