Visa: Credit Card Transactions Up So Far This Year

By Jennifer Booton Features FOXBusiness


More people are using credit cards to make transactions this year compared with in 2012, according to Visa (V), which posted card data for the first two months of 2013 on Wednesday ahead of a planned investor conference.

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The San Francisco-based credit card provider said U.S. aggregate payments ticked up 3% from Jan. 1 through Feb. 28 compared with the year-earlier period.

U.S. credit payments volume growth was up 11%, while debit payments volume growth slumped 3%. Visa reported the figures ahead of the Credit Suisse Annual Global Services Conference.

Visa's cross-border volume growth increased by 10% over the 2012 period, while processed transaction growth edged up 4% globally.

Shares of Visa edged down half a point on Wednesday to $159 in recent trade.