Payment Card News

Final Tally

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The 2004 holiday season exceeded expectations as retail sales charged to major credit cards, signature debit cards, and store credit cards ran more than 5% over projected levels. Debit card use soared, rising about 14% above projections. VISA reported that on Christmas Eve credit card retail sales declined 5%, while debit card retail volume surged by 24%. For the five weeks ending December 26th, overall retail payment card volume was $113.8 billion, compared to an estimated $107.7 billion for the 2004 season. Store credit cards are up less than 1% to $15.9 billion in retail volume for the holiday period, while credit cards rose a modest 4.4% to $73.6 billion.

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|_4. Holiday Card Volume|
|_4. (five weeks ending 12/26)|
|_. Actual| Projected | Difference|
|_. Credit: | $73.6 billion | $70.5 billion | + 4.4%|
|_. Debit: | $24.2 billion | $21.3 billion | +13.6%|
|_. Store: | $16.0 billion | $15.9 billion | + 0.6%|
|_. TOTAL | $113.8 billion | $107.7 billion | + 5.7%|
|_4. Source: CardData (www.carddata.com)|

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