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Visa 2005 US volume rises to $1.23 trillion
Here’s some good news from Visa USA. Visa, which is the largest U.S. credit card association, recently issued a statement, which said that its cardholders had spent $1.23 trillion last year. This is 17.5 percent more than the previous year. The big growth sector in 2005 was online transactions.
Visa also informed that it had 510.9 million cards outstanding in the United States at year-end, up 12 percent. And what do all these figures mean to individual consumers like you and me. Well that we are reveling in the use of our credit cards. Check this for size: U.S. consumer credit card sales volume are said to have risen 8.6 percent to $563.5 billion, while check card volume rose 18.7 percent to $410.5 billion. Today.reuters.com reports:
Visa last November said that to improve governance practices, it would make a majority of its board of directors independent. Analysts interpreted that move as a possible precursor to Visa eventually going public.
Read more: Visa 2005 US volume up 17.5 pct to $1.23 trillion
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