MasterCard Sees 9% Growth In Transaction Volume for Thanksgiving Weekend

Monday 29 November 2004 11:06 CET | News

MasterCard International saw an increase in transaction volume for the first big shopping weekend of the 2004 holiday season.

Credit transactions processed over its Banknet global telecommunications network increased 9.29% year-over-year for the Thanksgiving shopping weekend, measured through Saturday night. MasterCard processed 64.2 million credit authorizations over its Banknet telecommunications network this year, as compared to 58.7 million for the same period in 2003. In addition, on the day after Thanksgiving, widely believed to be the busiest shopping day of the year, MasterCard processed over 35.1 million transactions, a 10.1% growth over the 31.8 million authorization transactions it handled on the same day in 2003.

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Categories: Payments & Commerce | Payments General
Countries: World
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