76 New Payments Reports Analyzing Mobile Wallets, Prepaid Cards, Credit Cards and Debit Cards -- Regional Reports + Malaysia, Indonesia, Taiwan, Vietnam, South Korea, Singapore . .
10 New Reports Analyzing the Biometrics & Payments Market + Aditech, Anviz Global, Eyelock, IrisGuard, IriTech, OT-Morpho, Gemalto, Crossmatch, HID Global, FaceFirst, BIO-key Technologies . . .
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Third-quarter U.S. credit card volume, among the Major 4 payment networks (Visa [V], Mastercard [MA], American Express [AXP], and Discover [DFS]), lost momentum, growing 8% year-on-year (YOY), compared to a 10% YOY gain for the year ago quarter. The erosion in spending is further evidence of a slowing economy.
The Major 4 reported $1039 billion in U.S. credit card gross dollar volume (GDV) for the third-quarter (3Q/19), compared to a revised $1028 billion for the prior quarter, and a revised $960 billion for 3Q/18. In the third-quarter of 2015 the Major 4 posted $748 billion in U.S. credit card GDV.
The Major 4 payment networks posted an 8.2% YOY increase in the third-quarter U.S. credit card GDV, compared to an 8.1% YOY gain in 2Q/18, and a 10.0% YOY increase in 3Q/18. The four-year current CAGR (compound annual growth rate) for the Major 4 credit card GDV is running at 8.56%, compared to 8.64% in . . MORE
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