Consumer Spending on Visa Signature Surpasses $100 Billion For Past 12 Months
Visa USA announced today that consumer spending on Visa Signature cards in the US surpassed $100 billion over the past 12 months.
"The strong growth in Visa Signature sales volume and in average ticket size illustrates the value the product provides to all of our stakeholders," said Jim McCarthy, senior vice president, consumer credit products, Visa USA."Cardholders have emphatically adopted the incremental benefits and features that deliver against life's priorities, helping them achieve what they truly want to accomplish. At the same time, our merchant partners and Members reap the benefits of Visa Signature card usage, with this cardholder segment averaging more than seven times greater annual spend per account than traditional Visa consumer credit cardholders."
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