Credit Card Charge-Offs Top 4

Credit Card Losses Ease Among the Top 4 U.S. Major Issuers

Charge-offs among the nation’s top four U.S. issuers edged up two basis points (bps) year-on-year (YOY), but down 25 bps sequentially for the third quarter (3Q/18), according to CardData. For the top four issuers (Chase, Capital One, Bank of America, Citibank), average charge-offs were 3.27% for 3Q/18, compared to 3.55% for 2Q/18 and 3.25% for…

Global Credit Card Profits

Global Credit Card Profits Continue to Soar Approaching 30% YOY

Global credit card profits for the top four networks are incredibly strong year-on-year (YOY) in the third quarter (3Q/18). The network peer group net income (after tax) soared 28.7% YOY for 3Q/18, equally driven by Visa and Mastercard, according to RAM Research. Visa, Mastercard, American Express and Discover reported a combined 3Q/18 (after tax) profit…

U.S. Credit Card Issuer Outstandings

Credit Card Issuers Post Weak Growth in Outstandings for Q3

U.S. credit card outstandings end-of-period (EOP) among the Big 6 credit card issuers increased 4.9% in the third quarter (3Q/18) year-on-year (YOY) to $570.1 billion. Over the past two years, Top 6 outstandings have jumped 12.6%. The robust aggregate gain resulted from strong YOY growth from American Express and Discover, according to RAM Research. The…

Global Payment Card GDV

Global Payment Card GDV FX YOY Remains Level in Q3

Global Payment Card GDV (Gross Dollar Volume) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally increased 6.2% year-on-year (YOY) on a nominal dollars basis, for the third quarter (3Q/18). However, on a currency adjusted basis (FX) global GDV for 3Q/18 increased an estimated 10.3% YOY, according to RAM Research. The major…

Visa Mastercard CIF for U.S.

Visa Mastercard CIF for the U.S. Market Loses Momentum in the Second Half

U.S. Visa Mastercard CIF (cards-in-force) for payment cards (credit & debit) increased 2.1% year-on-year (YOY) in the third quarter (3Q/18), compared to a 6.6% YOY gain in the prior quarter. U.S. credit cards increased 2.9% YOY while CIF for debit cards rose 1.5% YOY, in 3Q/18. There are were 1289 million Visa and Mastercard payment…

Holiday Spending Data

Real-Time Holiday Spending Trends Powered by First Data is Awesome Commerce Tool

Real-time holiday spending data are here from a payments industry leader for the first time. Payments processor First Data, launched the live dashboard just before Black Friday, November 23rd and offering free access until January 3rd. Spending Data The Holiday Insights dashboard reflects actual transaction data from millions of U.S. merchants. The Thanksgiving-Black Friday period…

Canada Visa Mastercard

Canada Visa Mastercard Credit and Debit Cards Posts Solid Q3 Gains

Purchase dollar volume (PDV) for Canada Visa Mastercard payment cards (credit cards +debit cards) posted strong performance again in the third quarter (3Q/18) up 4.9% nominal or 9.9% currency adjusted (FX) year-on-year (YOY). Sequentially, nominal and FX YOY increases were 14.5% and 10.0%, respectively, Canadian payment cards-in-force (CIF) increased 10.4% YOY to 117 million for…

U.S. Credit Card Marketshare

Visa U.S. Marketshare Grows at Expense of Mastercard and American Express

Visa U.S. marketshare (MS/GDV) expanded among the nation’s four major payment card networks. The major four networks produced $1754 billion in U.S. gross dollar volume (GDV) in the third quarter (3Q/18) for a 9.8% year-on-year (YOY) gain, compared to 9.3% YOY in the prior quarter, according to CardData. Visa continues to rule the market, growing…