Visa USA this morning announced their 2002 performance.
Visa USA today announced that it processed $989 billion in consumer and commercial volume in 2002, an 8.1 percent increase over 2001, to maintain its position as the nation’s leading payment brand and largest consumer payment system. The latest results bring Visa’s domestic payment card industry volume share to 51.3 percent, larger than the combined share of all other U.S. payment brands.
Debit continues to fuel growth across the payment industry and now represents 6.4 percent of payment share in the U.S., an increase of 23 percent over 2001. In line with the growing popularity of debit, Visa’s overall volume dollar growth was driven by the Visa check card, which now represents a third of Visa’s volume.