Visa reported a three percent over-the-year decrease in payments volumes in the U.S. for April, while the same measure was flat in May, through a regulatory filing issued last week (subscription required).
The news likely contributed to a down week for Visa’s stock: shares of V closed on Friday at $112.25 a share, a 5.96 percent drop from its Tuesday open.
But a nearly opposite report from its biggest rival — MasterCard’s Ajay Banga said U.S. payment volumes grew 9.5 percent from April 1 to May 28 — couldn’t prevent a decrease in share value for that network. Shares of MA fell 5.36 percent from May 29 to June 1, closing at $391.78 on Friday.
Read the full story on MasterCard’s growth here.
About the Bank Payment Indices
| |
Acquirer/
Processor |
Network |
POS Equipment/
Software |
Bank Payment |
Remittance |
Prepaid Issuer |
All Payments |
| Closing |
114.38 |
150.75 |
109.42 |
96.16 |
84.35 |
46.26 |
114.98 |
| Weekly Gain (#) |
-4.54 |
-8.37 |
-6.57 |
-2.12 |
-4.65 |
-1.32 |
-4.28 |
| Weekly Gain (%) |
-3.82% |
-5.26% |
-5.67% |
-2.15% |
-5.23% |
-2.77% |
-3.59% |
