Visa Reports Volume Soars

August 15, 2005, 1:00 a.m. EDT 1 Min Read

Visa USA reported that purchases (sales volume) in the U.S. with Visa-branded credit, debit, prepaid, and commercial cards rose hit a record $302.2 billion during the second quarter of this year, up 17.5% over the same period in 2004. Visa reported that for the past four quarters ending June 30, sales volume increased 18.2% to $1.13 trillion. By payment method, versus the same period in 2004, there was 8.6% growth in credit, and 18.2% growth in offline debit to $101.6 billion.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Small business banking

How banks can support small businesses amid uncertainty

In an environment of persistent economic unease, banks have a unique opportunity to help small businesses, Sekou Kaalund, U.S. Bank's head of branch and small business banking, said at American Banker's 2025 Small Business Banking conference.

By Allissa Kline

1h ago
Politics and policy

Amalgamated says profits are 'best answer' to political risk

The New York-based bank, which works with many Democratic campaigns, faces investor concerns that it might be targeted by the Trump administration. CEO Priscilla Sims Brown says the bank's "strong profitability" is its best shield from political threats.

By Nathan Place

October 27
Fintech

How Huntington Bank is acting 'more like a tech company'

The Ohio bank is working with Alloy Partners to build startups in fintech, payments and wealth management even as it acquires multiple banks this year.

By Melinda Huspen

October 27
M&A

Why Huntington is going big in Texas with Cadence deal

Huntington's $7.4 billion acquisition of Cadence would give the Ohio-based bank a top-five market share in both Dallas and Houston. It comes just a week after Huntington closed its last Texas acquisition.

By John Reosti

October 27
Artificial intelligence

Mastercard-PayPal agentic AI pact shakes up e-commerce

In an expanded partnership announced Monday, the card network and payment fintech will enable hundreds of millions of consumers and tens of millions of merchants to use new forms of artificial intelligence for shopping and payments.

By John Adams

October 27
M&A

With problems behind it, Home BancShares preps for a deal

The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.

By John Reosti

October 24