Consumer Payment Card News

Card Volume

Gross dollar volume during the first quarter grew at its fastest pace in more than five years. The four major U.S. card networks handled nearly $684 billion in purchase and cash advance volume from their credit and signature debit cards during 1Q/06, a 13.6% increase over the prior year. Testament to the current robust economy is that one-year ago, U.S. GDV in the first three months of the year increased only 11.5%. Among the major networks, American Express logged the largest increase over 1Q/05, growing 16.7% year-on-year, according to CardData (“www.carddata.com”:http://www.carddata.com). VISA came in second with a 14.4% annual increase in the first quarter.

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|_3. Q1 GROSS DOLLAR CHARGE VOLUME |
|_3. (VISA, MasterCard, American Express, Discover) |
|_. 2002: | $434.8 billion | +10.3% |
|_. 2003: | $476.2 billion | + 9.5% |
|_. 2004: | $539.8 billion | +13.4% |
|_. 2005: | $602.1 billion | +11.5% |
|_. 2006: | $683.8 billion | +13.6% |
|_3. Source: CardData (“www.carddata.com”:http://www.carddata.com) |

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