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% |
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