Learn about the people who benefit most from reading Market Platform Dynamics' book on Paying with Plastic
PULSE POINT
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How long before 50% of all card spend takes place at merchants that have contactless readers? |
the mpd survey
A new multi-year study by Market Platform Dynamics, Next Generation Payment: Tracking The Payment and Technology Behaviors of Those Under 43, provides insights on the payment, device usage and buying behavior of 4,000 Generation X (born between 1963 and 1976) and Generation Y (born between 1977 and 1990) annually. The study will monitor the behaviors of this cohort over a multi-year period, with survey results available on a quarterly basis.
plastoids
facts
Figure: Percentage of households in the U.S. with at least one credit card
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Figure: No Single Bankcard Issuer Is Large Relative to the Bankcard Industry in 2005
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Figure: Top 10 general purpost credit card issuers in the U.S. in 2005, ranked by gross volume
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Figure: Top issuer in 2005 ranked by share of cards
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Figure: Top issuer in 2005 ranked by share of outstandings
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figures
stats & facts tracker
January 23, 2007
Home Equity Loans Will Constrain Credit Card Debt This Year, Says S&P
Credit card debt should rise this year but the increase will be restrained by consumers turning to home equity loans for borrowing needs and increasingly using debit cards for daily activities, according to a new report from economists with Standard & Poors. Credit card debt rose to 9% of U.S. consumer disposable income in November, a level not seen since August 2005 and above the historical average of 4.7%, S&P economists note in their research report "Cracks in the Foundation of Consumer Credit." The economists, who were unavailable for further comment on the report, expect nonmortgage consumer credit outstanding in 2007 to rise 2.1%, less than their estimate of a 2.7% rise in 2006 and the 3.7% increase seen in 2005.
January 19, 2007
Banks' 2006 Earnings Get Boost From Credit Cards
Capital One Financial Corp.'s U.S. Card segment contributed $1.8 billion to its parent company's net income last year, up 13.3% from $1.6 billion in 2005, the bank reported late Thursday. Fourth-quarter net income for the segment was $337.2 million, growing 42.2% from the 2005 fourth quarter but falling 26.9% from the third quarter of 2006.
January 19, 2007
Holiday Retail e-Commerce Spending Climbs 26%
Retail e-commerce spending, excluding travel, increased 26% this holiday season versus 2005 to a record $24.6 billion. comScore Media Metrix reports that "Jewelry/Luxury Goods/Accessories" was the top gaining category in December, growing 21% for the second consecutive month to 21.9 million visitors. Other top gaining retail categories included: "Shipping," up 19% to 34.6 million visitors; "Sports/Outdoor," up 15% to 32.6 million visitors. "Retail-Food" was up 11% to 17.2 million visitors; "Computer Hardware" up 9% to 66 million visitors; and "Apparel," up 8% overall to 61.9 million visitors. In December, Yahoo! Sites retained its number one ranking with more than 131 million unique visitors.