Payment card gross dollar volume in the U.S. declined 7.2% at mid-year.
Among the four major card networks Visa fared the best with only a 4%
year-over-year decline, compared to a 16% decline for American Express.
MasterCard was down 10% at mid-year while Discover was off by 5%.
Combined, the four major card networks posted $858 billion in second
quarter GDV, compared to $920 billion for 2Q/08. Visa had $505 billion
in Q2 GDV while MasterCard posted $245 billion, American Express $84.1
billion and Discover with $24.3 billion. For the third quarter
MasterCard reported an 8% decline to $247 billion. American Express was
down 13% to $85.2 billion and Discover was down 16% to $24.0 billion
for the third quarter. Visa will report third quarter data at the end of
the year. Discover’s third quarter ended August 31st. For complete
details on U.S. payment card performance visit CardData (www.carddata.com).
GROSS DOLLAR VOLUME
Visa $526 billion $505 billion
MC $268 billion $245 billion
AmEx $100 billion $ 84 billion
Disc $ 26 billion $ 24 billion
Source: CardData (www.carddata.com)