+982188310051
Basket
Search

» Articles » General Purpose U.S. Cards 2014

CARPINTERIA, Calif., Feb 19, 2015 (BUSINESS WIRE) -- American Express, Discover, MasterCard, and Visa brand consumer and commercial credit, debit, and prepaid cards issued in the U.S. generated $4.442 trillion in purchase volume in 2014, up 8.9% versus 2013. These statistics are published in the current issue of The Nilson Report newsletter, a leading publication covering the card and mobile payment industries.

Hit Count: 4396

 

The Nilson Report:General Purpose U.S. Cards 2014

 

CARPINTERIA, Calif., Feb 19, 2015 (BUSINESS WIRE) -- American Express, Discover, MasterCard, and Visa brand consumer and commercial credit, debit, and prepaid cards issued in the U.S. generated $4.442 trillion in purchase volume in 2014, up 8.9% versus 2013. These statistics are published in the current issue of The Nilson Report newsletter, a leading publication covering the card and mobile payment industries.

Debit cards with Visa brands generated $1.272 trillion in purchase volume last year, up 7.1% versus 2013. No other credit or debit card brand generated more spending at merchants.

Visa credit cards were the second most popular card brand at merchants last year. Purchase volume was $1.213 trillion, up 12.4%. That percentage increase was better than any other credit or debit card brand.

David Robertson, publisher of The Nilson Report, said, “Visa debit card purchase volume has exceeded Visa credit card purchase volume every year since 2009. However, if the current trend continues, purchase volume on Visa credit cards will overtake purchase volume on Visa debit cards in 2015.”

Credit card purchase volume for American Express at $684.38 billion was up 8.1% last year, including spending at merchants on cards issued by 10 network partners. American Express remains the second largest credit card brand in the U.S., a position it has held since 2011 when it moved past MasterCard.

Credit card purchase volume at MasterCard grew 8.4% to $607.10 billion last year, while purchase volume on its debit cards increased 9.3% to $536.49 billion.

Purchase volume on Discover cards reached $129.24 billion in 2014, up 1.7%, including spending at merchants on cards issued by 4 network partners. Synchrony Financial, one of those partners, stopped issuing Discover cards in the fourth quarter of 2014, moving its business to MasterCard. 

When measuring market shares of $4.442 trillion in purchase volume for 2014, Visa credit cards added 85 basis points to account for 27.30% of spending at merchants, which is its highest share since 2007. MasterCard credit cards fell 7 basis points to 13.67%. Visa debit cards fell 49 basis points to 28.64%, while MasterCard debit cards added 4 basis points to reach 12.08%, the highest share they have ever had. American Express’s share fell 12 basis points to 15.41%. Discover’s share dropped 21 basis points to 2.91%.

When comparing only credit card spending at merchants, Visa was the only brand to gain share of $2.633 trillion in purchase volume.

Visa, MasterCard, American Express, and Discover credit card outstandings reached $764.86 billion in 2014, up $30.87 billion or 4.2%.

Purchase transactions on Visa and MasterCard debit and prepaid cards totaled 47.46 billion and accounted for 62.84% of all general purpose card purchase transactions at merchants last year, down from a 63.23% share in 2013. Debit card purchase transactions at merchants increased by 3.18 billion in 2014, compared to an increase of 2.31 billion for credit card transactions.

 

 

 

SOURCE: The Nilson Report

 

About DRI:

 

With more than 20 years of experience Danesh Rayaneh Iranian Company (trade name : DRI) it now in its third decade of activites in the field of informatics in Iran and hasrecords on  activites in the fields of consultancy supplying mobilizing and supporting different types of Pos machines as well as various types of Printers and Spareparts and accessories and is the exclusive distribitur of Hiti Company in Iran in the field of Card Printers.By taking benefit  from specialty and effective manpower as well as technical facilities and the ability for rapid supporting and cycle of suppliying merchandizes and consumables and fast servicing throughout Iran. Danesh Rayaneh Iranian Company is honored to offer its services with the best quality to ceratain big organizations such as bank and financial and credit institutes. Danesh Rayaneh Iranian Company holding DRI trade name is ready to be granted with agency for certain products associated to providing electronic banking technologies as different types of consumables such as ribbon / rollpaper / Pos/ and various types of banking and home printers as well as other similar products from around  the world to be consumed  in the Iranian offices .


Set Date: Thursday, February 26, 2015

Comments

No comment exist.

Write your comment.

This Logo Of Our Product Just for Stock of Our repository but we are Exclusive agent Of Hiti Company and don't have any Responsibility of any Other Companies .

logo-samandehi