Early Stage Credit Card Delinquency

Top 4 U.S. CC Issuers Q2 30+ Day DEL Edges Down 4 bps YOY

Average early stage delinquency (30+ days) for the second quarter (2Q/18), among the nation’s Top 4 issuers, decreased 17 basis points (bps) sequentially, and declined year-on-year (YOY) by 4 bps. The nation’s largest issuer, Chase, reported delinquency increased to 1.65% in 2Q/18, compared to 1.82% for 1Q/18 and 1.59% for 2Q/17, a 6 bps gain…

Credit/Debit Card U.S. Activity

V+M Q2 U.S. Credit + Debit Cards GTX Up 7.9% YOY – Up 180 bps Over 2017

U.S. gross transactions (GTX) for Visa and Mastercard credit and debit cards grew by 7.9% year-on-year (YOY) in the second quarter (2Q/18), compared to 6.1% one-year ago.  U.S. GTX for credit cards jumped 8.1% YOY while U.S. GTX for debit cards increased 7.8% YOY in 2Q/18. Visa’s U.S. GTX for credit cards rose 8.5% YOY…

Canada Visa Mastercard

V+M Canada Q2 PDV +10% YOY (FX) & CIF +9.5% YOY

Purchase dollar volume (PDV) in Canada for Visa and Mastercard posted strong performance in the second quarter (2Q/18) up 14.5% nominal or 10.0% currency adjusted (FX) year-on-year (YOY). Canadian cards-in-force (CIF) increased 9.5% YOY to 115 million. For 2Q/18, Visa posted a 240 basis points (bps) increase YOY in PDV, while Mastercard reported a 200…

Credit Card Charge-Offs

Big 6 Issuers Q2 U.S. Charge-Offs +18 bps YOY – Trending Upward Since Q1/17

Charge-offs among the nation’s top 6 issuers rose 18 basis points (bps) year-on-year (YOY) to 3.47% for the second quarter (2Q/18), but down 4 bps sequentially.  The Big 6 (Chase, Bank of America, Capital One, Citibank, American, Express, Discover) reported an aggregate charge-off ratio of 3.47% for 2Q/18, compared to 3.51% for 1Q/18 and 3.29%…

Credit Card Marketshare U.S. 2Q/18

Visa Set to Grab More Marketshare in Q2 Approaching 60% GDV

The nation’s four major payment card networks produced $1485 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/17) for a 6.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.7% in 1Q/16 to 61.1% in 1Q/17, largely at the expense of American Express, according to…


UK Lands First Contactless Loyalty Card Program

Thames Card Technology and Tesco have launched the UK’s first contactless loyalty card program. With 66% of global shoppers enrolled in loyalty programs and cardholders spending between 12-18% more than other customers, loyalty schemes are a key differentiator for UK retailers. The completely redesigned card increases security and value for customers, and gives Tesco greater…