Visa Reports Volume Soars

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.