X-Border Transaction Volume

MC X-Border Transaction Volume FX Grows 2X Visa

X-border transaction volume growth FX (currency adjusted) YOY (year-on-year) is driven solely by Mastercard. Second-quarter global cross-border transaction volume for Mastercard soared by 800 bps (basis points) over Visa. Cross-border transaction (X-Border) volume refers to payments and cash volume where the issuing country is different from the merchant country. X-Border Transaction Volume FX Visa’s cross-border…

Global Processed Transactions

Global Processed Transactions Up 14.3% YOY & 15.83% CAGR

Global processed transactions (GTX), or switched transactions, in the second-quarter (2Q/19), for Visa and Mastercard combined, remains solidly in double-digits year-on-year (YOY), hovering above a 12% annual growth rate for six consecutive quarters. MasterCard posted more than a 600 bps (basis points) spread over Visa in 2Q/19 for global processed switched transactions. Combined Visa and…

U.S. GDV Marketshare

U.S. GDV Marketshare Gains All Flow to Mastercard by 50 bps

Second-quarter GDV (gross dollar volume) marketshare, including credit, debit, charge and prepaid card products, among the Major 4 payment networks shows Mastercard picking up 50 basis points (bps) over the past twelve months, mostly at the expense of Visa, in the U.S. market. Based on gross dollar volume, Visa’s U.S. marketshare peaked one-year ago at…

Payment Network Profts

Second-Quarter Payment Network Profits Rise Nearly 24%

Second-quarter payment network profits among the global U.S.-based Major 4: Visa [V], Mastercard [MA], American Express [AXP] and Discover [DFS], soared 23.8% year-on-year (YOY), and now growing at an 12.80% CAGR (compound annual growth rate), based on the past five years. The Major 4 reported a combined second-quarter (2Q/19) (after tax) profit of $7663 million,…

90+ Card Delinquency

Second-Quarter 90+ Card Delinquency Hits 5+ Year High

Second-quarter 90+ card delinquency climbed to its highest level in more than five years for a second-quarter, jumping 25 bps (basis points), signaling higher charge-offs in the near-term and possibly well into 2023. After hitting a seven-year record of 1.29% for the past two quarters, the late-stage delinquency rate seasonally nudged down by 11 bps…

credit card delinquency

Top 100 Credit Card Delinquency Trendline Upward

U.S. credit card delinquency among the Top 100 U.S. issuing banks in the second-quarter edged down 2 basis points (bps) sequentially, and up 8 bps YOY (year-on-year). Nonetheless, the seasonally adjusted (SA) delinquency ratio is the highest since the first-quarter of 2013, according to the Federal Reserve. Second-quarter card delinquency among the nation’s Top 4…

Credit Card Charge-Offs

Credit Card Losses for Top 100 Hit a 7-Yr Q2 High

Consumer credit card losses, or charge-offs, among the Top 100 U.S. banks, are continuing to rise to levels for a second-quarter not seen since 2013. Meanwhile, delinquency, the precursor of charge-offs, is also hovering at six-year highs. The trends are concerning to card issuers as it adds more evidence the U.S. economy is headed into…

Credit Cards CIF

Second-Quarter Credit Cards CIF Grow at Bottom and Top

Second-quarter credit CIF (cards-in-force) continue to grow despite a saturated U.S. market driven by an expanding sub-prime marketplace and the aggressive marketing of high-end rewards cards. Over the past year, the total CIF is up by more nearly 24 million, and growing more 300 basis points (bps) over the prior twelve-month period. Mastercard is blowing…