Visa Posts Profit Thanks to Debit Cards

By GT on October 27, 2009 11:38 PM | | Comments (0) | TrackBacks (0)
Visa just announced that they made a $514 million profit in the last quarter. Payment volumes are still down but the number of cards and transactions are up.

The chief executive, Joseph W. Saunders, said Visa was beginning to see signs of stabilization that appeared to reflect early signs of economic recovery.

Wanna tell that to all the unemployed people?

NYT: Debit Card Use Helps Visa Post a Profit

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This page contains a single entry by GT published on October 27, 2009 11:38 PM.

Credit Cards You Might Not Totally Hate... was the previous entry in this blog.

BBC Looks at the Changing Credit Card Industry is the next entry in this blog.

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