Visa Mastercard International Transactions

Visa Mastercard International Gross Transactions up 19% YOY

International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 18.6% year-on-year (YOY) in the fourth quarter (4Q/18), compared to 11.8% YOY in 2017. International GTX for credit cards increased 18.1% YOY, compared to 4.1% YOY in 2017. International CTX for debit cards soared 18.9% YOY in 4Q/18, compared to 17.1%…

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Active Credit Card Accounts

Big 6 U.S. Credit Card Sales Accounts Slow Nearly 50% in Q4

U.S. issuer credit card active accounts (AAC) (accounts with sales activity), among the top six U.S. issuers, increased 3.1%% year-on-year (YOY) in the fourth quarter (4Q/18), compared to 5.6% YOY in 2017. There were 161.4 million active bank credit card accounts for 4Q/18 in the U.S. among the top six issuers: Citibank [C]; Capital One…

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International Card Cash Transactions

International Card Cash Q4 Transactions Up 6% YOY

International card cash transactions (CTX) for Visa and MasterCard credit and debit cards grew by 6.0% year-on-year (YOY) in the fourth quarter (4Q/18). International CTX for credit cards increased 0.2% YOY while international CTX for debit cards rose 6.3% YOY in 4Q/18. In the fourth quarter gross international payment card CTX for Visa and MasterCard…

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credit card issued

American Express Leads Progression of U.S. Credit Cards Issued in 2018

U.S. credit cards issued among the Big 6 issuers grew 3.6% year-on-year (YOY) at the end of the fourth quarter (4Q/18), up 11.9 million cards-in-force (CIF) YOY to 345.7 million cards, compared to 343.4 million in 3Q/18 and 333.8 million for 4Q/17, according to CardData. The Big 6: (Chase [JPM], Capital One [COF], Bank of…

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Payments Industry Earnings Reports

Payments Industry Lifts the Curtain Next Week on a Wacky Q1

The earnings report season for the payments industry will open before the stock market opens on Friday, April 12. Wells Fargo 8:00 a.m. (ET) will be out of the gate first, followed by Chase at 8:30 a.m. (ET). The first three months of 2019 have been nothing short of a rocky road, starting with the…

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Largest Credit Card Issuers

Largest Credit Card Issuers Broaden U.S. Market Penetration 2015-2019

Credit card accounts in the U.S. for the Big 6 issuers grew by 10 million in 2018. Over the past five years gross open accounts (GAC) for U.S. credit cards among the nation’s six largest issuers expanded by 40 million. In the fourth quarter (4Q/18) the year-on-year (YOY) gain in GAC was 3.7%. At the…

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Credit Cards-in-Force

Credit Cards-in-Force Continue to Saturate U.S. Market Up 3% for Top 4 Q4

U.S. credit cards-in-force (CIF) among the Top 4 U.S. issuers slowed up in 2018, growing 2.7% year-on-year (YOY), compared to 4.8% in the prior year. For the fourth quarter (4Q/18) and among the Top 4 U.S issuers there were an estimated 228.2 million credit U.S. CIF, compared to 226.3 million in 3Q/18, and 222.3 million…

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International Credit Cards

International Card Accounts for Visa and Mastercard Q4 Grew 8% YOY

Visa and Mastercard international card accounts gathered more steam in 2018 as the annual growth rate expanded by 50 basis points (bps). Visa and Mastercard gross (open) payment card accounts (GAC) for the fourth quarter (4Q/18) grew 7.9% year-on-year (YOY), compated to 7.4% YOY in 2017. International credit GAC was up 6.1% YOY and international…

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Active Credit Card Accounts Top 4 U.S.

Active Credit Card Accounts Q4 Growth Hampered by Strong Economy

U.S. bank active credit card accounts (AAC) (open accounts with posted sales activity), among the Top 4 U.S. issuers, edged up 1.9% year-on-year (YOY) in the fourth quarter (4Q/18), compared to 4.7% YOY one-year ago. The strong economy, with low unemployment and steady debt service ratios have slowed credit card usage, across-the-board. However, credit card…

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International Credit Card Cash Volume

International Credit Card Cash Volume for Visa and Mastercard Slips 160 bps FX YOY

International credit card cash dollar volume (CDV) for Visa and Mastercard decreased, on a currency adjusted basis (FX), to 5.3% in the fourth quarter (4Q/18) compared 6.9% one-year ago. On a nominal basis (not currency adjusted), Visa and Mastercard international payment card (credit + debit) declined 1.9% YOY in the fourth quarter, while credit card…

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