[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After rising predictably YOY for most of the last decade, penalty fee income continued to slide dropping to $11.5 billion in 2015, compared to $11.7 billion and $12.0 billion According to the R.K. Hammer Card Penalty Fee Index, the lowest level since Index began. Despite the decline in penalty fees, total…
U.S. Purchase Dollar Volume (PDV), credit and debit cards, among the Big 6 U.S. card issuers, rose 6.6% year-on-year (YOY) and 0.5% sequentially in the third quarter. Capital One completely blew out the Big 6 pack by a 3-to-1 margin.
U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S. issuers gained a mere 1.7% in the third quarter year-on-year (YOY) to $361.6 billion. Capital One continues to defy gravity among the peer group with a 12% YOY gain.
Profits (after tax) among the nation’s big 6 U.S. credit card issuers declined 3.3% in the third quarter (3Q/15), compared to one year ago (YOY) but, rose 4.3% sequentially (QOQ).
Visa and MasterCard U.S. gross (open) payment card accounts (GAC) for the third quarter (3Q/15) grew 7.4% year-on-year (YOY). U.S. credit GAC was up 7.3% YOY and U.S. debit GAC increased 7.5% YOY in 3Q/15.
Total U.S. gross accounts (GAC) in the third quarter (3Q/15) for Visa, MasterCard, American Express and Discover was up 7.1% year-on-year (YOY). At the end of 3Q/15, there were 491.0 million U.S. credit GAC compared to 458.3 million for 3Q/14.
Profits (after tax) among the nation’s top four bank credit card issuers declined 0.6% in the third quarter (3Q/15), compared to one year ago (YOY) and soared 9.9% sequentially (QOQ).
Cash transactions (CTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 0.3% year-on-year (Y/Y) in the third quarter.
The inaugural MasterCard Masters of Code global hackathon competition has concluded in San Francisco with the winning team from Malaysia.
A new study reveals use of mobile phones to make in-store payments nearly quadrupled from 5% in 2014 to 18% today. Currently about 1 in 5 consumers using their phone to make a payment in-store.
U.S. Gross Dollar Volume (GDV) for Visa and MasterCard (credit + debit) in the third quarter (3Q/15) grew at an annual rate (YOY) of 8.4%.
Compared to other underground communities in other regions, the cybercriminal underground in North America isn’t as hidden or exclusive.