First-Quarter Credit Card PDV

First-Quarter Credit Card PDV for Top 4 Slows 7% YOY & 11% CAGR

First-quarter credit card PDV (purchase dollar volume) for the Top 4 U.S. issuers edged down to 7.5% year-on-year (YOY), compared to 12.5% YOY for the year ago quarter (1Q/18). The four-year CAGR (compound annual growth rate) currently sets at 12.13%, however excluding the shift of American Express cobranded cards to Citibank in 2016, the CAGR…

First-Quarter Card Marketshare

First-Quarter Card Marketshare Solid Among Major 4 in U.S.

First-quarter card marketshare, including credit, debit, charge and prepaid card products, among the Major 4 networks shows Mastercard picking up 10 basis points (bps) over the past twelve months at the expense of Visa, in the U.S. market. Based on gross dollar volume (GDV) Visa’s U.S. marketshare peaked in 2017 at 61.2%, when Mastercard held…

Switched Processed Transactions Globally

Switched Processed Transactions Globally +12.5% YOY & 16% CAGR

Switched processed transactions (TX) in the first-quarter (1Q/19), for Visa and Mastercard combined, globally, remains in double-digits year-on-year (YOY), hovering above a 12% growth rate for five consecutive quarters. MasterCard posted a 410 basis points (bps) spread over Visa in 1Q/19 for global processed switched transactions. Combined Visa and MasterCard processed 51,749 million transactions in…


First-Quarter Credit Cards Increased 5% YOY Growing 3% CAGR in U.S.

First-quarter credit cards in the U.S. market will likely top 700 million in 2019. Mastercard is leading the charge growing credit/charge cards at least twice as much as the other three. U.S. credit/charge cards-in-force (CIF) in the first-quarter (1Q/18) for the Major 4 (Visa [V], MasterCard [MA], American Express [AXP] and Discover [DFS]) was up…

First-Quarter U.S. Card PDV

First-Quarter U.S. Card PDV Rises 8% YOY & Running 10% CAGR

First-quarter U.S. card PDV (purchase dollar volume) for the U.S. market rose 8.1% year-on-year (YOY) for the Major 4 U.S.-based networks. The Major 4 U.S. payment card networks: Visa [V]; Mastercard [MA]; American Express [AXP]; and Discover (DFS) collectively posted $1544.5 billion in 1Q/19 U.S. payment card PDV, compared to a revised $1623.1 billion for…

U.S, Credit Card Accounts

First-Quarter Credit Card Accounts + 6% YOY & 3.89% CAGR

First-quarter credit card accounts in the U.S. market posted a strong 6.1% year-on-year (YOY) gain topping 550 million. The growth rate is the highest in more than five years, and comes on the heels of sluggish growth in the prior year. Currently, the U.S. general purpose credit card market is growing at a five-year compound…

First-Quarter Global PDV

First-Quarter Global Purchases Up 9% FX & 12% CAGR

First-quarter global purchases for the Major 4 U.S.-based payment networks payments cards (credit + charge + debit + prepaid) increased 9.4% year-on-year (YOY) on a currency adjusted basis (FX). On a nominal dollars basis (NFX) for the first-quarter (1Q/19), global payment card purchase dollar volume (PDV), rose 4.4% YOY. The Major 4 U.S.-based global networks:…

First-Quarter Global CIF

First-Quarter Global Cards +7% YOY +9% CAGR Major 4 Networks

First-quarter global cards among the Major 4 U.S. payment networks expanded by 369 million credit and debit cards-in-force (CIF) over the past twelve months. The Major 4 (Visa [V], Mastercard [MA], American Express [AXP], Discover/Diners [DFS]), global payment cards grew 7.0% year-on-year (YOY) in the first-quarter (1Q/19). First-Quarter Global CIF Growth The compound annual growth…

First-Quarter Payment Network Profits

First-Quarter Payment Network Profits Top $7B w/11% CAGR

First-quarter payment network profits among the global U.S.-based Major 4: Visa [V], Mastercard [MA], American Express [AXP] and Discover [DFS], rose 11.2% year-on-year (YOY), and now growing at an 11.03% CAGR, based on the past five years. The Major 4 reported a combined first-quarter (1Q/19) (after tax) profit of $7115 million, compared to $6573 million…

First-Quarter 90+ Card Delinquency

First-Quarter 90+ Card Delinquency Hits 1.29% – 5 Yr High

First-quarter 90+ card delinquency remains at 1.29%, a five-year high among the Top 4 U.S. credit card issuers. The average late stage card delinquency ratio was flat sequentially, and up seven basis points (bps) year-on-year (YOY) for the first-quarter (1Q/19). Meanwhile, early stage credit card delinquency (30+ days) for 1Q/19, among the nation’s Top 4…

First-Quarter Cross-Border Transactions

First-Quarter Cross-Border Transaction Volume Strong for Mastercard

First-quarter cross-border transactions, on a currency adjusted basis (FX), rose with Mastercard outpacing Visa by 900 basis points (bps) year-on-year (YOY). Sequentially, quarter-to-quarter, Mastercard declined 400 bps, compared to Visa’s 300 bps decline, according to figures gathered by CardData. Cross-border transaction (X-Border) volume refers to payments and cash volume where the issuing country is different…

Big 6 Credit Card Charge-Offs

First-Quarter Charge-Offs Rise Sharply – Issuers Beef-Up Reserves

First-quarter charge-offs among the Big 6 domestic credit card issuers rose sharply as loan loss reserves are beefed-up across-the-board. Credit card charge-offs among the nation’s Big 6 credit card issuers rose 14 basis points (bps) year-on-year (YOY) for the first-quarter (1Q/19), and up 34 bps sequentially.  The Big 6 (Chase [JPM], Capital One [COF], Bank…