U.S. Bancorp reported that its fourth quarter merchant acquiring volume grew more than 9% over 4Q/04 to $43.6 billion, produced from more than 712,000 merchants. Debit card volume surged by 20% and corporate credit card volume increased 21% during 4Q/05, compared to one-year ago. Debit card volume was $6.661 billion for the fourth quarter compared to $5.548 billion for 4Q/04. Consumer credit card volume for the quarter was $9.207 billion, up 5.3% over 4Q/04. Corporate credit card volume was $7.102 billion, compared to $5.871 billion for the year-ago quarter. For the quarter, U.S. Bancorp’s Payment Services net income was down about 8% to $166 million due to increased bankruptcy filings. For complete details on US Bancorp’s 4Q/05 performance, visit CardData ([www.carddata.com]).
MERCHANT ACQUIRING VOLUME HISTORICAL
Source: CardData (www.carddata.com)