January 30, 2001, 5:16 PM

Dec. 22 busiest shopping day for Visa

Don Davis

Editor in Chief

Visa U.S.A says that its holiday transaction volume peaked on Dec. 22 with total Visa volume, for both online and offline transactions, surpassing $3.8 billion. This represents a 12.5% increase over last year's busiest day, Dec. 23, which totaled $3.42 billion. Visa cardholders spent approximately $3 billion on the Internet between Nov. 24 and Dec. 25, nearly double last year's total of $1.5 billion. Visa's biggest day for e-commerce transactions was Dec. 12, when it processed over $129 million in transactions, a more than two-fold increase over last year's high of $63.5 million on Dec. 17, 1999. Visa saw the online last minute rush on Dec. 20, 2000, when transactions totaled $128 million, falling just short of the busiest day. Visa cards account for more than half of all e-commerce spending volume.

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