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To: Lee who wrote (1920)8/25/1998 1:39:00 PM
From: TLindt  Respond to of 3990
 
7000 thousand merchants now, 700 new ones a month...10% a month?

1,000,000 transactions / 7000 = 142 per merchant per week avg.

So 7000 Aug/98...approx +2800 by December @ 700 a month, year end total 9800 Merchants x 142 Transactions a week = 1,391,600 a week x 13 weeks = 18 million a quarter. up from 4.5 million a year ago...400% year over year growth in transactions volumes.

I think the company goal is 10,000 merchants by year end...so these numbers might work especially if average numbers of transactions per merchant is also on the increase...Yep they sure could hit a 400% volume increase by year end. Which ~ 50% better then the numbers we were playing with not too long ago.