Visa US Sales Volume Up 17.5 pct to $1.23 trillion in 2005

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00019758-visa-us-sales-volume-up-175-pct-to-123-tr/

Visa USA announced yesterday that its cardholders spent $1.23 trillion last year on their cards, according to Reuters. The total represents a 17.5 increase from 2004 volume, with the bulk of the growth coming from online transactions.

Visa aso reported that it had 510.9 million cards in the U.S. alone, a 12% increase from the previous year.

Credit card sales represented the largest segment of the $1.23 trillion total accounting for $563.5 billion, an 8.6% increase. Check and debit card volume rose 18.7% to $410.5 billion.

Visa US Sales Volume Up 17.5 pct to $1.23 trillion in 2005

Unknown Author

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