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…

Payment Card Transactions for V+M U.S. Rises 9.5% YOY in Q2

Payment card transactions (PTX) for Visa and Mastercard credit and debit cards in the U.S. grew by 9.5% year-on-year (YOY) in the second quarter (2Q/18) to 24.1 billion. The growth was driven by Mastercard credit and debit cards. U.S. payment card purchase transactions for Visa and Mastercard (debit+credit) hit 24,067 in 2Q/18, compared to 22,221…

Global Payment Card GDV

Major U.S-Based Card Network Global Q2 GDV Rises 10% YOY – Propelled by MasterCard

Gross dollar volume (GDV) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally increased 10.9% year-on-year (YOY) on a nominal dollars basis, for the second quarter (2Q/18). However, on a currency adjusted basis (FX) global GDV for 2Q/18 increased an estimated 10.3% YOY.  The major four networks posted $4648 billion in global…

V + M Q2 U.S. Credit CIF +6% — Debit CIF +7% YOY — Led by Mastercard

U.S. cards-in-force (CIF) for Visa and Mastercard payment cards (credit & debit) increased 6.6% year-on-year (YOY) in the second quarter (2Q/18). U.S. credit cards increased 5.9% YOY while CIF for debit cards rose 7.1% YOY, in 2Q/18. There are were 1334 million Visa and Mastercard payment cards in circulation in the U.S. at the end…

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…

Cardtek Earns RuPay Level 2 Kernel w/Axis Bank

Global payment technologies provider, Cardtek, is now supporting Axis Bank to launch a national open-loop payment system for public transportation in India. The new payment solution will fully integrate the banking systems and it is certified by RuPay, the national smart card based payment standard in India, providing a secure payment platform that offers residents…

Risks of Same Day ACH Debit Payments to Faster Payments Ecosystem Significant

A new report finds same day ACH debits create new opportunities for fraudsters to use the shortened settlement windows to bypass existing fraud prevention tools and defraud financial institutions, payment processors, and their customers. Also, legacy account validation processes — including prenotes and trial deposits — will be ineffective at identifying and preventing fraudulent debits,…

Mexico’s Financial Inclusion Initiatives Moving Cash to Cards – Robust Future

Cash remains the preferred form of consumer payments in Mexico; especially among the rural population, primarily due to limited knowledge of payment cards or limited access to banking infrastructure. Cash is primarily used for making small-value payments at retailers, and for the payment of utility bills, taxes, and transport fares. A significant proportion of the…

CanPay Debit Enters Oregon to Capture Cannabis Dispensary Payments

The first legitimate debit payment solution for the cannabis industry is set to capture dispensary owners, customers, and patients in Oregon’s recreational and medical cannabis marketplaces. CO-based CanPay dispensaries in the state are now able to offer a secure, legitimate, and transparent alternative to the current cash-only system for both in-store and delivery purchases. Initially,…