Canada Visa Mastercard

V+M Canada Q2 PDV +10% YOY (FX) & CIF +9.5% YOY

Purchase dollar volume (PDV) in Canada for Visa and Mastercard posted strong performance in the second quarter (2Q/18) up 14.5% nominal or 10.0% currency adjusted (FX) year-on-year (YOY). Canadian cards-in-force (CIF) increased 9.5% YOY to 115 million. For 2Q/18, Visa posted a 240 basis points (bps) increase YOY in PDV, while Mastercard reported a 200…

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Credit Card Charge-Offs

Big 6 Issuers Q2 U.S. Charge-Offs +18 bps YOY – Trending Upward Since Q1/17

Charge-offs among the nation’s top 6 issuers rose 18 basis points (bps) year-on-year (YOY) to 3.47% for the second quarter (2Q/18), but down 4 bps sequentially.  The Big 6 (Chase, Bank of America, Capital One, Citibank, American, Express, Discover) reported an aggregate charge-off ratio of 3.47% for 2Q/18, compared to 3.51% for 1Q/18 and 3.29%…

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Credit Card Marketshare U.S. 2Q/18

Visa Set to Grab More Marketshare in Q2 Approaching 60% GDV

The nation’s four major payment card networks produced $1485 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/17) for a 6.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.7% in 1Q/16 to 61.1% in 1Q/17, largely at the expense of American Express, according to…

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UK Lands First Contactless Loyalty Card Program

Thames Card Technology and Tesco have launched the UK’s first contactless loyalty card program. With 66% of global shoppers enrolled in loyalty programs and cardholders spending between 12-18% more than other customers, loyalty schemes are a key differentiator for UK retailers. The completely redesigned card increases security and value for customers, and gives Tesco greater…

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Verifone Gives Up on 2017 as Profits Sour in Q2 — Building for Fiscal 2018

The slowdown in EMV for the second fiscal quarter, (ended 4/30/17), (2Q/17) continues to drag on Verifone’s (VF) performance, as year-on-year (YOY) net income plummeted by more than 500%. The Company notes it continues divesting non-strategic businesses and allocating resources and capital to ensure the timely delivery of our new products, with a bright 2018…

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AXP Enhanced BTA Sets a New Standard in Business Travel Management Tools

The beefed-up American Express Business Travel Account (BTA), now gives companies greater control and more visibility into their business travel expenses. The addition of Virtual Account Numbers in the refreshed product centralizes more types of business travel spending into a single account. The virtual account feature works with the existing booking processes of Travel Management…

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