Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards soared 15.9% year-on-year (YOY) in the fourth quarter (4Q/18). The YOY growth rate has been steadily expanding each quarter. One-year ago the YOY PTX growth rate was 12.5%. The two networks combined processed 69.1 billion purchase transactions in 4Q/18, compared to 65.6 billion for…
Processed or switched transactions (TX) in the fourth quarter (4Q/18), for Visa and Mastercard combined, globally, remains in double-digits year-on-year (YOY), hovering around a 12% growth rate. MasterCard, is by far running away with significant YOY gains over Visa, posting a 700 basis points (bps) spread over Visa in 4Q/18 for processed switched transactions. Combined…
Card activity in the U.S. for gross transactions (GTX) for Visa and Mastercard credit and debit cards grew by 8.6% year-on-year (YOY) in the fourth quarter (4Q/18), compared to an 8.3% YOY gain in 3Q/18 and a 7.5% YOY increase for 4Q/17, according to figures gathered by CardData. Credit & Debit Cards GTX Growth U.S.…
Canadian credit card purchase dollar volume (PDV) for Visa Mastercard payment cards (credit cards + debit cards) posted weaker than expected performance in the fourth quarter (4Q/18) up 5.5% on a nominal basis or 8.3% currency adjusted (FX) year-on-year (YOY). Sequentially, nominal and FX YOY increases were 4.9% and 9.9%, respectively, Canadian payment cards-in-force (CIF)…
Visa and Mastercard purchase transactions (PTX) for credit and debit cards in the U.S. grew by 9.6% year-on-year (YOY) in the fourth quarter (4Q/18) compared to a 9.3% YOY gain in the third quarter. The growth was driven by Mastercard credit and debit cards, according to analysis by RAM Research. U.S. payment card purchase transactions…
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…
