Big 6 U.S.Credit Card PDV

Credit Card PDV Slips & Slides Among Big 6 in Q4 Due to Rocky Holiday Sales

U.S. credit card PDV (Purchase Dollar Volume), for credit cards, among the Big 6 U.S. credit card issuers, rose 7.7% year-on-year (YOY) for the fourth quarter (4Q/18), compared to growth rate of 10.9% for 3Q/18, and 10.6% for 2Q/18, according to figures collected by CardData. Capital One and Chase are duking it out among the…

Credit Card Profits

Credit Card Profits Q4 YOY Screwy Gains Impacted Bigly by the Year Ago Tax Act

Credit card profits for the top U.S.-based global payments networks skyrocketed year-on-year (YOY) in the fourth quarter (4Q/18). The network peer group net income (after tax) soared 240.0% YOY for 4Q/18, equally driven by “kitchen sink” quarters for Mastercard and American Express. The Major 4 (Visa, Mastercard, American Express and Discover) reported a combined 4Q/18…

Credit Card Worldwide

Credit Cards Worldwide Plus Global Debit Add 347 Million CIF in 2018

Credit cards worldwide, including debit cards, grew 6.6% year-on-year (YOY) in the fourth quarter (4Q/18). By comparison payment cards-in force (CIF) increased 5.5% YOY in 3Q/18. At the end of 2018, global CIF for the Major 4 U.S.-based totaled 5.6 billion, compared to 5.5 billion in prior quarter, and 5.2 billion at then end of…

Cash Advance Transactions

Credit Card Cash Transactions Demand Falls in Flourishing 2018 U.S. Economy

Credit card cash transactions (CTX) for Visa and Mastercard U.S. credit and debit cards in the U.S. declined by 2.3% year-on-year (YOY) in the fourth quarter (4Q/18). U.S. 4Q/18 credit card cash transactions were flat YOY, while U.S. debit card CTX decreased 2.3% YOY, according to figures collected by CardData. Visa’s 4Q/18 CTX for U.S.…

International Payment Card Purchases

International Payment Card Purchases Post Double-Digits YOY FX Q4 Gain

Visa and Mastercard international payment card purchases (credit + debit) dollar volume (PDV) for the fourth quarter (4Q/18) posted US$1954 billion, up 6.7% year-on-year (YOY), on a nominal basis (NFX). On a currency adjusted basis (FX) international PDV increased 13.5% YOY, compared to a revised 13.9% YOY in the third quarter. Visa and Mastercard international…

Credit Card Write-Offs

Credit Card Write-Offs Moderate Among the Top 4 U.S. Major Issuers in Q4

While, credit card write-offs, or charge-offs, have been hanging around the 3.50% level over the past four years, the steady rise in credit card delinquency is changing the outllook for the next two years. Both early-stage (30-89 days) and late-stage (90-180 days) delinquency are setting four year highs. The Top 4 (Chase, Capital One, Bank…

90+ Day Credit Card Delinquency

90 Day Credit Card Delinquency Sets 4-Year High Among Top 4 in Q4

The average 90 day credit card delinquency ratio, among the nation’s Top 4 issuers, jumped 10 basis points (bps) sequentially, and up three bps year-on-year (YOY) for the fourth quarter (4Q/18). Late stage (90+ day) delinquency, the precursor of charge-offs, also rose by six bps among the peer group in 4Q/18. Early stage delinquency (30-89 days)…

Cross-Border Transactions

Cross-Border Transactions Strong for Mastercard — Weak for Visa in Q4

Mastercard’s cross-border transactions, on a currency adjusted basis (FX), soared in the fourth quarter (4Q/18) outpacing Visa by 380 basis points (bps) year-on-year (YOY). However, Mastercard’s growth rates are adjusted to eliminate the effects of differing switching days between periods. Sequentially, quarter-to-quarter, Mastercard jumped 180 bps, compared to Visa’s 300 bps decline, according to analysis…

Canadian Credit Card Q4

Canadian Credit Card Purchase Volume Down a Skosh in Q4

Canadian credit card purchase dollar volume (PDV) for Visa Mastercard payment cards (credit cards + debit cards) posted weaker than expected performance in the fourth quarter (4Q/18) up 5.5% on a nominal basis or 8.3% currency adjusted (FX) year-on-year (YOY). Sequentially, nominal and FX YOY increases were 4.9% and 9.9%, respectively, Canadian payment cards-in-force (CIF)…

Global Payment Card GDV

Global Payment Card GDV for Major 4 Networks Taps the Brakes a Bit in Q4

Global Payment Card GDV (Gross Dollar Volume) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally increased 5.8% year-on-year (YOY) on a nominal dollars basis, for the fourth quarter (4Q/18), compared to 6.2% YOY in the prior quarter. However, on a currency adjusted basis (FX) global GDV for 4Q/18 increased an estimated…