X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO – Visa USA’s annual report to investors forecast a 10% annual growth rate over the next five for the payments industry, led by debit cards. Visa USA delivered 10% operating revenue growth in FY05 on dollar sales growth of 18%, which exceeded personal consumption expenditure growth of 6.5%. The shift from paper to electronic forms of payment continues, with Visa/MCvolume growth exceeding PCE by an average of 10% over the last15 years, analyst J.P. Morgan said of the card brand. The brand also reported that revenue growth in FY05 slowed from the 20% organic growth Visa posted last year due to pricing pressure from continued end market consolidation on both the issuing and merchant side as well as from other pressures. The former is consistent with pressures felt by large scale processors like First Data, J.P. Morgan said.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.