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…
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 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 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…
First-quarter payment network profits among the global U.S.-based Major 4: Visa [V], Mastercard [MA], American Express [AXP] and Discover [DFS], rose 11.2% year-on-year (YOY), and now growing at an 11.03% CAGR, based on the past five years. The Major 4 reported a combined first-quarter (1Q/19) (after tax) profit of $7115 million, compared to $6573 million…
First-quarter cross-border transactions, on a currency adjusted basis (FX), rose with Mastercard outpacing Visa by 900 basis points (bps) year-on-year (YOY). Sequentially, quarter-to-quarter, Mastercard declined 400 bps, compared to Visa’s 300 bps decline, according to figures gathered by CardData. Cross-border transaction (X-Border) volume refers to payments and cash volume where the issuing country is different…
Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards increased 13.3% year-on-year (YOY) in the first-quarter (1Q/19). The PTX YOY growth rate has been steadily expanding each quarter. One-year ago the PTX YOY growth rate for the first-quarter was 13.9%. In 1Q/17, the PTX YOY growth rate soared 28.3%, skewed by the merger…
First-quarter global card volume for the major U.S. based networks is slowing down year-on-year (YOY) by 220 basis points (bps), compared to the prior quarter. Global Payment Card GDV (Gross Dollar Volume) for Visa [V], Mastercard [MA], American Express [AXP] and Discover [DFS] payment cards (credit + debit) increased 8.2% globally YOY on a currency…
First-quarter U.S. Visa Mastercard credit and debit cards-in-force (CIF) increased 6.7% year-on-year (YOY), compared to a 6.1% YOY gain in payment cards for the prior quarter (4Q/18). Visa and Mastercard U.S. credit cards increased 5.5% YOY while CIF for debit cards rose 7.7% YOY, in 1Q/19. There are were 1377 million Visa and Mastercard payment…
First-quarter U.S. credit card volume, among Visa [V], Mastercard [MA], American Express [AXP], and Discover [DFS], dipped a bit to a 7.0% year-on-year (YOY) gain. The Major 4 payment networks posted a 9.8% YOY increase in the first-quarter 2018 (1Q/18), a 9.4% YOY gain in 1Q/17 and an 8.6% jump in 1Q/16. According to figures…
First-quarter Visa card performance for the U.S. market reveals the impact of spending roadblocks including the widespread inclement weather, domestic & global economic uncertainty on both “Main Street” and “Wall Street,” not to mention the widespread damage inflicted by the “Trump Shutdown.” Visa’s U.S. payment card (credit+debit) purchase dollar volume (PDV), for the first-quarter (1Q/19),…
First quarter profits for the first quarter (1Q/19) for the four largest networks and the credit card businesses of four largest issuers will likely be all over the map starting tomorrow as Chase releases its first quarter numbers before the opening bell. The first quarter is historically a slow consumer spending period and a time…