everyday spending

Visa Inc. has announced that spending on Visa debit cards in the U.S. has surpassed credit for the first time in the company's history. For the period ending December 31, 2008, debit payments volume was $206 billion, compared with credit payments volume of $203 billion. Debit transactions were nearly 70% of U.S. transactions for the same time period, representing an increasingly larger portion of Visa's U.S. transactions.