MONDAY, JULY 10, 2017

by Robert Cardworthy, Editor-in-Chief, CardBuzz.org


Major 4 US-Based Payment Networks Near $3T in Q1 PDV - Up 7% YOY


Purchase dollar volume (PDV) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally rose 21.2% year-on-year (YOY) on a nominal dollars basis for the first quarter (1Q/17). However, on a currency adjusted basis (FX), global 1Q/17 PDV increased 20.4% YOY. 

The first quarter PDV figures are skewed as Visa began including Europe PDV beginning in the third quarter. Visa reported PDV for Europe of $335 billion in 1Q/17.

Discounting Visa Europe PDV the YOY gain for the Major 4 networks was 7.0% on a nominal dollar basis.

The major four networks posted $2869 billion in global PDV for 1Q/17, compared to $2990 billion in the prior quarter and $2367 billion for the year ago quarter

Visa reported an 37.2% YOY gain in global PDV for 1Q/17 on an FX basis. Visa posted $1730 billion in 1Q/17 PDV, compared to $1800 billion in the prior quarter and $1252 billion for the year ago quarter. On an adjusted (excluding Europe) non-FX basis, Visa YOY was up 11.4%.

Among Visa’s five regions, PDV, on an FX basis, was up 16.9% YOY in the Central Europe Middle East Africa (CEMEA) region; 7.1% in Asia-Pacific; 13.1% in the Latin America Caribbean (LAC) region and 9.0% in Canada. The US PDV growth was 11.7% YOY for 1Q/17.

Mastercard reported an 9.0% YOY gain for global PDV for 1Q/17, on an FX basis. Mastercard reported $862 billion in 1Q/17 PDV, compared to $898 billion in the prior quarter and $836 billion for the year ago quarter. 

Among Mastercard’s five regions, PDV, on an FX basis, was up 13.2% YOY in Canada; Latin America 18.2%; Europe -3.1%; and Asia Pacific Middle East Africa (APMEA) 8.9%. The US PDV growth was 2.4% YOY.

American Express reported flat YOY for global PDV for 1Q/17, on an FX basis. American Express had an estimated $239.7 billion in 1Q/17 PDV, compared to $250.0 billion in the prior quarter and $241.1 billion for the year ago quarter. (American Express reports Gross Dollar Volume only)

Among American Express’ four regions, PDV, on an FX basis, increased 14% YOY in the Japan Asia Pacific Australia (JAPA) region followed Europe Middle East Africa (EMEA), up 12%. The U.S region declined 6% YOY, and Latin America Canada (LACC) increased 9%. 

Discover and Diners Club International reported PDV rose 8.0% YOY, on a nominal basis, for the first quarter to $36.5 billion, from $39.8 billion in the prior quarter and $33.8 billion for the year ago quarter. (FX basis is not material to the global total).

TOTAL GLOBAL PDV

1Q/16: $2367 billion

2Q/16: $2541 billion

3Q/16: $3018 billion

4Q/16: $2990 billion

1Q/17: $2869 billion

Visa Global PDV

1Q/16: $1252 billion

2Q/16: $1349 billion

3Q/16: $1859 billion*

4Q/16: $1802 billion*

1Q/17: $1730 billion*

MasterCard Global PDV

1Q/16: $836 billion

2Q/16: $898 billion

3Q/16: $882 billion

4Q/16: $898 billion

1Q/17: $862 billion

American Express Global PDV**

1Q/16: e$241.1 billion

2Q/16: e$255.8 billion

3Q/16: e$238.6 billion

4Q/16: e$250.0 billion

1Q/17: e$239.7 billion

Discover/Diners Club Global PDV

1Q/16: $33.8 billion

2Q/16: $37.9 billion

3Q/16: $38.0 billion

4Q/16: $39.8 billion

1Q/17: $36.5 billion

*Visa Europe Included

**American Express Discloses GDV; PDV is historically 95% of GDV

Source: Visa; Mastercard; American Express; Discover; Diners Club; CardData

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http://www.cardflash.com/industry-card-data-statistics/















ublic health care advocates as well as rural hospitals, doctors, insurance companies are screaming over the proposed “Better Care Reconciliation Act.”  If law, Americans “will die in the streets,” as wealthy election donors get their 2016 “payoff” contributions refunded in the form of major tax breaks. 

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The U.S. PIRG notes none of the superficial changes from the House bill—eliminating the continuous coverage requirement, changing the formula for (but still slashing) the subsidies that help people purchase insurance, delaying cuts to Medicaid (while making them even harsher)—are likely to change the basic facts. This bill threatens to spark chaos in health insurance markets, raise costs, degrade quality of care, weaken protections for people with pre-existing conditions, and cause millions of Americans to lose health coverage.

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The National Consumers League urges patients and consumers to engage their Senators and ask them to vote “no” on this bill that will take healthcare away from millions of Americans. We will continue to work with our colleagues in the health and advocacy arenas to vehemently oppose this unscrupulous bill.

MORE: Senate Better Care Reconciliation Act

MORE: House American Health Care Act














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