SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : A to Z Junior Mining Research Site
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jim Willie CB who wrote (4665)6/4/2003 9:28:34 AM
From: 4figureau  Read Replies (3) of 5423
 
Visa USA passes $1 trillion mark in U.S. volume

With scores of people out of work or making less money than a few years ago, consumer debt continues to rise, and nowhere is this more evident than in the latest report from Visa USA, which tallied a record $1 trillion in transactions in a 12-month period.



The San Francisco company -- which is the world's largest payment brand and consumer payment system -- said an average $32,000 went through Visa systems every second of every day during the 12-month period ended March 31. That represents almost 10 percent of the U.S. Gross Domestic Product.

Put a different way, that means $12 of every $100 consumers spent in the year-long period was spent on a Visa card. More than $38 of every $100 spent is done so with payment forms other than cash or checks, using Visa or not.

Visa's $1 trillion figure is greater than the combined volume of all other U.S. payment organizations, including MasterCard, American Express and Discover.

Visa credit cards represented the largest share of volume with $544 billion during the year, while Visa check cards represented $395 billion, or more than one-third of Visa's total volume.

There are more than 396 million credit, debit, commercial and prepaid cards using the Visa name worldwide. The prepaid cards showed the highest volume of growth year-over-year at 110 percent, though comparative figures were not released.

sanfrancisco.bizjournals.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News