U.S. Bancorp reported that its second quarter merchant acquiring volume grew more than 30% over 2Q/05 to $56.1 billion, produced from more than 836,000 merchants. Debit card volume surged by 19% and corporate credit card volume increased 13% during 2Q/06, compared to one-year ago. Debit card volume was $7.141 billion for the second quarter compared to $5.991 billion for 2Q/05. Consumer credit card volume for the quarter was $9.473 billion, up 8% over 2Q/05. Corporate credit card volume was $7.744 billion, compared to $6.870 billion for the year-ago quarter. For the quarter, U.S. Bancorp’s Payment Services net income was up 37% to $251 million. For complete details on US Bancorp’s 2Q/06 performance, visit CardData ([www.carddata.com]).
MERCHANT ACQUIRING VOLUME HISTORICAL
Source: CardData (www.carddata.com)