Online Purchases with U.S.-Issued Visa Cards Top $5 Billion Over Thanksgiving Weekend

  Online Purchases with U.S.-Issued Visa Cards Top $5 Billion Over
  Thanksgiving Weekend

Tweet this: Holiday 2012 U.S. #eCommerce volume from #Visa account holders
rose 20 percent from 2011

Business Wire

FOSTER CITY, Calif. -- November 27, 2012

Visa Inc. (NYSE: V) today reported consumers kicked off the holiday shopping
season with a bang, spending a record $5 billion online over the four day
period, starting with Black Friday through CyberMonday. Consumers with
U.S.-issued Visa cards drove an increase in eCommerce volume of 20 percent
over the same period in 2011.

“CyberMonday was a true star this year, generating a record $2 billion
purchase volume on Visa cards issued in the U.S., an increase of 21% over last
year,” said Wayne Best, Chief Economist, Visa Inc. “Interestingly this
holiday, we’re seeing a slight decrease in the average transaction amount,
indicating that consumers are using the Internet for more than big ticket
items, making multiple purchases at various price points.”

“With near-ubiquitous connectivity, mobile and social networks, consumers can
now browse and shop using a host of devices, anytime and anywhere,” said
Jennifer Schulz (@Jen_Schulz), global head of eCommerce, Visa Inc. “More than
ever in an always-on commerce world, consumers want to save money, avoid
crowds and simplify gift-buying. That’s why we launched V.me by Visa, allowing
people to check out online with just a few clicks.”

AboutVisa Inc.

Visa is a global payments technology company that connects consumers,
businesses, financial institutions, and governments in more than 200 countries
and territories to fast, secure and reliable digital currency. Underpinning
digital currency is one of the world’s most advanced processing networks —
VisaNet — that is capable of handling more than 24,000 transaction messages a
second, with fraud protection for consumers and guaranteed payment for
merchants. Visa is not a bank, and does not issue cards, extend credit or set
rates and fees for consumers.Visa’s innovations, however, enable its
financial institution customers to offer consumers more choices: Pay now with
debit, ahead of time with prepaid or later with credit products. For more
information, visitwww.corporate.visa.com.

Source: MARS SpendTrack. U.S. Issued Visa Authorizations Only

Click here for Visa’s 2012 Peak Season media kit:
http://corporate.visa.com/newsroom/media-kits/peak-season-2012.shtml

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20121127006227/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50489935&lang=en

Contact:

Visa Inc.
Global Corporate Relations:
Elvira Swanson, 650-432-2990
globalmedia@visa.com
 
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