We notice you are visiting from a U.S. Internet provider. 
22/09/2009 -
The feared consumer spending cuts may not dramatically impact consumers' credit card transactions, as Visa reported that it expects its earnings per share to increase even if there is no uptick in consumer spending.At the recent Barclays Capital's global financial services conference in New York, Visa projected that its net revenue growth will be in the 11 percent to 15 percent range in 2010, the Wall Street Journal reported.
The company forecasted that its earnings per share will grow by 20 percent through 2010, even "if nothing happens, if there's no rebound in spending," Visa CEO Joseph Saunders said at the conference, reported the Journal.
Because Visa does not lend to consumers - it bases its revenue off of credit card processing fees paid by merchants - this growth indicates that consumers will hold steady with their credit card transactions.
This information alone makes it crucial for small businesses that have not done so already to implement credit card processing - this is even more important as Canadian spending starts to increase, which Statistics Canada recently reported was the case in June.
