Consumer Payment Card News

$2 Trillion

Americans are on track to charge more than $2.0 trillion on their bank credit and debit cards this year. If store and gas credit cards are included the figure could top $2.3 trillion. At mid-year, VISA credit and debit card users racked up more than half a billion dollars in charges. VISA will easily capture $1 trillion of charge volume in the USA this year. MasterCard credit and debit card users have charged nearly $304 billion in charges this year. American Express produced $123.5 billion in year-to-date 2003 payment card charges, while Discover users spent $50 billion on their cards.

                 2003 Payment Card Volume
                  VISA:  $515.6 billion
                  MasterCard: $303.7 billion
                  American Express: $123.5 billion
                  Discover: $50.1 billion
                  TOTAL: $993.0 billion
           Source: CardData (www.carddata.com).

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