Visa Inc.'s profits jumped by a third in its fiscal first quarter, which ended Dec. 31, and use of the company's debit and credit cards picked up in the U.S.

U.S. payment volume on Visa-branded cards rose 7.2% from a year earlier, to $438 billion in the period, the San Francisco payments company said Wednesday. That was an improvement over the fiscal fourth quarter, which ended Sept. 30, when payment volume in the U.S. dipped 1% year-over-year, to $417 billion.

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