Visa and MasterCard international card cash dollar volume (CDV) for the third quarter (3Q/15) posted $709 billion, compared to $722 billion in 2Q/15 and $811 billion one-year ago. However, the nominal year-on-year (YOY) change is meaningless.
Visa and MasterCard international card gross dollar volume (GDV) for the third quarter (3Q/15) posted $1819 billion, compared to $1948 billion one-year ago. However, the nominal year-on-year (YOY) change is meaningless.
Visa and MasterCard international card purchase dollar volume (PDV) for the third quarter (3Q/15) posted $1112 billion, compared to $1139 billion one-year ago. However, the nominal year-on-year (YOY) change is meaningless.
CardFlash News Briefs: PEPPERMINT (funding); INAUTH (expansion); HYPERWALLET (milestone); and NFCC (Synchrony).
Thanksgiving and Black Friday sales jumped 9.4% year-on-year (YOY) over the two-day period compared to last year’s 3.5% YOY growth during the same period. eCommerce transactions grew 19.8% on Thanksgiving and 12.1% on Black Friday.
Live Nation Entertainment, the world’s largest live entertainment company, has inked a deal with Appetize for full suite of POS products. The deal is expected to roll out the payment platform across 32 of the company’s U.S. venues.
New research shows about 50% of survey respondents are now shopping using a mobile device. Almost one-third are purchasing a product after seeing it on social media. Approximately one-third of survey respondents indicate that text offers would drive an incremental shopping visit. Value propositions, including free shipping, loyalty programs and personalized offers, continue to be important.
Despite the growth of purchase volumes, consumer leverage, as estimated by the financial obligations ratio (FOR), which measures debt service payments on mortgage debt, auto debt, consumer debt and property taxes as a percentage of disposable personal income, continued to decline, amounting to 15.27% in fourth-quarter 2014. This compares with a peak FOR of 18.09% recorded in fourth-quarter 2007 and a 35-year average of 16.51%. As interest rates rise, and consumers experience higher debt service burdens.
The Financial Obligations Ratio (FOR) has declined to 15.27%, the lowest measurement since 1981 and the Debt Service Ratio (DSR) has plunged to 9.91%, the second lowest ever recorded in 35 years.
In today’s CardFlash News Que: WAUSAU (RDC); PAYSCOUT (STFS); MINTEL (college); and BANKRATE (millennials).
Next week is the important World Economic Forum on East Asia in Jakarta (Apr 19-21). MasterCard released the latest findings of basic finance knowledge and skills across Asia/Pacific and discovered a stall in 12 of 16 countries with record lower scores in the latest Financial Literacy Index.
CardWeb.com’s CardData database of Company Profiles today features data communications and interoperability solutions provider Transaction Network Services. Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 60 countries across the Americas.