U.S. Credit Card Accounts

First-Quarter Credit Card Accounts Rise 3% YOY 5.35% CAGR

First-quarter card accounts in the U.S. for the Top 4 issuers grew by 6.3 million from one-year ago. Over the past five years gross (open) accounts for U.S. credit cards among the nation’s four largest issuers expanded by 37.9 million. In the first-quarter (1Q/19) the year-on-year (YOY) gain in gross accounts was 3.3%, compared to…

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U.S. Credit Card GDV

U.S. Credit Card GDV for Top 4 Down 380 bps YOY CAGR Slips 30 bps

U.S. credit card GDV (Gross Dollar Volume) rose 7.3% YOY (year-on-year) in the first-quarter (1Q/19) among the nation’s four largest issuers. This compares to a growth rate of 11.1% YOY for 1Q/18. The CAGR (compound annual growth rate) for GDV, which includes purchases and cash advances), also declined from 12.51% to 12.21% during the same…

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Citibank International Card

Citibank International Card Profits Soar in LAC & Solid in AP

Citibank international card profits soared for the Latin America Caribbean (LAC) region in the first-quarter while credit card profits for Asia increased moderately. However, late-stage delinquency and charge-offs metrics in the LAC for the first-quarter (1Q/19) are rising to 2015 levels. Average yield in Asia is also slipping back to 2015 levels, according to figures…

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Capital One International Card

Capital One International Card Q1 PDV +2.7% YOY +8.6% CAGR

Capital One international card gross revenue was flat in the first-quarter (1Q/19) while after-tax net income sunk 44% year-on-year (YOY). International credit card purchase dollar volume (PDV) was up nearly 3% as 1Q/19 end-of-period (EOP) outstandings slipped by 3% YOY. Capital One [COF] issues credit cards in Canada and the United Kingdom, internationally. COF international…

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Mastercard Latin America

Mastercard Latin America Nibbles at Visa’s Q1 Marketshare

Mastercard Latin America Caribbean (LAC) region continues to nibble at Visa’s LAC marketshare with FX (currency adjusted) PDV (Purchase Dollar Volume) rising 750 bps (basis points) above Visa for the first-quarter (1Q/19). During the past 12 months Mastercard added 19 million CIF (Cards-in-Force) in the LAC region, as opposed to Visa’s seven million CIF. LAC…

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First-Quarter Card Profits

First-Quarter Card Profits Big 6 Tad Up YOY Re-Pricing Lag Fades

First-quarter card profits among the nation’s Big 6 U.S. issuers edged up 160 basis points (bps) year-on-year (YOY), compared to a tax cut fueled surge of more than 50% one-year ago. Sequentially, credit card profits were flat. Since 2015, the compound annual growth rate (CAGR) is running about 2.77%. Profits (after tax) among the nation’s…

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AI Crypto Tokenization

AI Crypto Tokenization P2P – Today’s Credit Card Buzz Words

AI crypto tokenization P2P reign among today’s credit card buzz words which also includes prepaid, bitcoin, EMV, and GDV. The global artificial intelligence (AI) as a service market size is expected to reach US$77 billion by 2025, according to PYRPTS. When it comes tokenization there is a migration by the payment networks for card-on-file tokenization.…

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Active Card Accounts

Active Card Accounts Hits Q1 Trump Bump Up Minuscule 50 bps

Active card accounts from the nation’s Top 4 bank credit card issuers posted a teeny year-on-year (YOY) gain in the first-quarter (1Q/19). While U.S. bank active credit card accounts or open accounts with posted sales activity are typically, seasonally and historical down in the first-quarter, this year the payments industry was buffeted by the impact…

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Asif Ramji Worldpay Money 20/20

FinTech Big Tech Payments Converge at Vegas Money/20/20

FinTech Big Tech Payments will come together in Las Vegas for Money20/20 event, October 27-30. Asif Ramji, Chief Product and Marketing Officer of Worldpay, and former president and CEO of Paymetric, will keynote the major event. Money20/20 bills itself as where 2,300+ C-Level executives, 500+ renowned speakers and thousands of of disruptors from 88 countries…

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