Fourth-Quarter Card GDV

Fourth-Quarter Card GDV U.S. Volume Downshifts 110 bps

Fourth-quarter card GDV (gross dollar volume) for credit/charge card products, among the Major 4 payment networks (Visa [V], Mastercard [MA], American Express [AXP], and Discover [DFS]), lost momentum, growing 7.5% year-on-year (YOY), compared to an 8.2% YOY gain for the prior quarter, and 8.6% YOY for the year ago quarter. On an annual or YOY…

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Credit Card Balances

Credit Card Balances Explode in Q4 as CAGR Surges 75 bps

Credit card balances for the fourth-quarter, among the Top 4 U.S. issuers, grew a solid 6.0% year-on-year (YOY), compared to 4.3% YOY in the prior quarter, and compared to 2.8% YOY one-year ago. Among the nation’s Top 4 credit card issuers (Chase [JPM], Capital One [COF], Bank of America [BAC], and Citibank [C]), the annual…

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Card Fee Income

Card Fee Income Slips in Again as Interchange Income Soars

Card fee income decreased for the third consecutive year in 2019, while interchange income posted strong a double-digit gain. The decline for 2019 was directly attributable to reduced penalty fees (mostly late payments fees) and lower cash advance fees, driven by a robust economy with low unemployment and fairly stable consumer sentiment, according to CardData. Income from…

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AR VR Music

AR VR & Music For Cards While Plaid & Honey – Buzzes

AR, VR & music are on the menu for 2020 courtesy of Mastercard while Visa ponies up $5 billion for a hot fintech consumer app. Interest in biometrics for payment cards may emerge this year after a sleepy 2019. The IRS has crypto-to-crypto transactions on the radar this tax season, according to Bankcenter and CardBuzz.…

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Omnichannel Retail - Paul Walsh

Omnichannel Retail, Acquiring, B2B, ATMs, & AI – Feb Buzz

Omnichannel retail is one the top revolutionary developments in the payments sphere today. Within the next two decades there will be 80 billion connected devices. That includes the devices we carry in our pockets and bags as well as all of the devices we use in our workplaces and homes and literally every other place…

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B2B Cybercrime Fintech

B2B & Cybercrime & Fintech EOY 2019 Update

B2B market in Japan is ripe for development as it begins to tap into modern online payment methods. In the U.S., personalization is becoming a bigger part of overall B2B performance. In 2019, data breach was most hurtful to Capital One branding, blockchain platform Nuls was hacked, and Mastercard and RiskRecon team for all out…

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Payment Earnings for Q4 & EOY 2019 Disclosed Next Week

Payment earnings reports for the nation’s top credit card issuers, global payments networks and supporting businesses gets underway before the market opens on Tuesday, January 14th. First out of the shoot is Chase (JPM), Citibank (C) and Wells Fargo (WFS), according to CardData and PYRPTS. U.S. Bank (USB) and Bank of America (BAC) are scheduled…

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X-Border Transactions

X-Border Transaction Volume FX Globally Edges Up

X-Border transaction volume growth FX (currency adjusted) YOY (year-on-year) is driven solely by Mastercard. Third-quarter global cross-border transaction volume for Mastercard has consistently outpaced Visa more than double for the past two years. 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…

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Artificial Intelligence

Artificial Intelligence & Wearables

Artificial intelligence (AI) virtual assistants take over credit card services and wearable payments begin to blossom along with digital personal identification technology. But AI is capable of reflecting creator biases as part of the learning process, reports CardBuzz. Credit card issuers are still playing it safe in risk management as some metrics raise red flags…

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Global Cards

Global Cards Head to 6B Milestone w/5.45% CAGR

Global cards from the four U.S.-based payment card networks expanded by 286 million credit and debit cards-in-force (CIF), over the past twelve months. Visa [V], Mastercard [MA], American Express [AXP], and Discover/Diners [DFS], global payment cards, including credit, charge, debit and prepaid products, grew 5.2% year-on-year (YOY) in the third-quarter (3Q/19). Growth has been eroding…

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