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Article: Consumers Ring Up Record Number Of Purchases Throughout Holiday Season; Spending Behavior Indicates Consumers More Comfortable With Financial Outlook in 2005.
- Article from:
- Business Wire
- Article date:
- January 6, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO -- Visa USA, the world's leading payment brand and largest payment system, announced today that spending (sales volume) on Visa branded payment cards during the entire 2004 holiday season (November 1 - January 2) totaled more than $218.7 billion, a 15.7 percent increase compared to the 2003 holiday season.
Visa's performance during the holidays is further evidence of the migration in spending away from paper-based payments to more secure, rewarding and convenient electronic forms of payments including debit and credit cards.
From November 1, 2004 thru January 2, 2005 consumer spending on Visa credit cards exceeded $110 billion, while debit ...