Question-and-Answer Session
Operator
Yes, thank you. (Operator instructions) First question comes from Tien-Tsin Huang, JP Morgan. You may ask your question.
Tien-Tsin Huang – JP Morgan
Thanks, I appreciate all the disclosure. It’s really helpful. Let me ask a question about pricing. Has your thinking on pricing and the ability to push through price increase has changed at all since last quarter, given your commentary on the macro?
Joe Saunders
I think that our position on pricing remains consistent with where we’ve been up to now, and I think that we’ve indicated that what we do from a pricing standpoint will be consistent with good business practices and our partnerships around the world.
Tien-Tsin Huang – JP Morgan
Okay, very good. May I just make a quick follow-up and just on bank consolidation. Joe, I know you gave some comments there but can you just give some additional insight on how and maybe when network brand decisions are made as a result to consolidation and obviously, how Visa’s decision given some of the known consolidation that’s out there?
Joe Saunders
Well, to say the least, we’re in an extraordinary environment and some of these transfers take on – they’re different and they will happen at different times. We obviously, as I said, are in constant contact with our partners and will continue to be so, but I think it’s inappropriate to talk about contractual relationships.
Tien-Tsin Huang – JP Morgan
Fair enough. Thank you.
Operator
The next question comes from Adam Frisch, UBS. You may ask your question.
Adam Frisch – UBS
Thanks. Good afternoon and great job on the color as well, for what you’re seeing there. I have two questions on credit. First, can you speak to the quality of the 47% of your transactions in the U.S. that are credit? Any metric or set of data point that enables us to more appropriately assess the composition of your credit card holders?
Joe Saunders
I’m not sure that credit card – well, credit cards are not 47% of our –
Adam Frisch – UBS
I’m just talking about the transaction or the GDV rather. 47% of your GDV, but anything that speaks to the composition of your cardholders whether it be FICO scores [ph] or how many – what percent of them are revolvers or what percent of them are maxed out on credit lines, or anything that gives us some –?
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