Domestic spending on Visa-branded cards in the U.S. continued to grow during the second three months of this year, while the economy and market effects took their toll on MasterCard Worldwide.
For Visa’s fiscal third quarter ended June 30, U.S. debit sales volume, which includes signature Visa check card and Interlink PIN-debit purchases, increased 20.5%, to $265 billion from $220 billion during the same period last year. MasterCard’s debit purchase volume stated flat at $82 billion for the company’s second quarter. The company’s sale volume includes all activity on debit MasterCards, including transactions switched by other networks whose brand marks also are on the card.
Visa’s U.S credit card sales volume was up 6.3%, to $204 billion from $192 billion, while MasterCard’s credit card sales volume faired slightly better than debit with a slight increase of 0.8%, to $121 billion from $120 billion.
Despite low domestic card spending, MasterCard reported strong second quarter global card and debit purchase volume (see story).