VISA USA reported this morning that its suite of commercial payments and information management services produced volume totaling $77.7 billion last year, an increase of 20.2% over 2001. VISA said its small business segment grew 31% last year. VISA also says its next generation electronic B2B payment solution, designed to bridge the current payment gap in the procure-to-pay process to replace the use of checks, is on track to become generally available in the latter half of this year. The “VISA Commerce” solution conducted live transactions over the “VisaNet” system in testing last year. Meanwhile, VISA reported that approximately 12% of total U.S. consumer spending is now conducted on a VISA-branded card, more than all other major card brands combined. VISA previously announced that it processed $989 billion in consumer and commercial volume in 2002, an 8.1% increase over 2001. For complete details on the network statistics visit CardData ([www.carddata.com]).