MasterCard Reports 9% Growth in Transactions Over Thanksgiving Weekend
MasterCard has announced that credit card authorization transactions over its BankNet network during the Thanksgiving weekend (through Saturday evening) totaled 64.2 million, an increase of 9.29% over the same period last year. On the Friday after Thanksgiving, MasterCard processed over 35.1 million transactions, a 10.1% growth over the 31.8 million authorization transactions it handled on the same day in 2003.
Separately, Bloomberg reports that the National Retail Federation claims that US retailers' sales during the four day Thanksgiving weekend totaled $22.8 billion.
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