Online Credit Card Transactions More Than Doubled In Past Year.The number of US adults using credit cards to purchase goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. online more than doubled between 1998 and 1999, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. figures from Cyber Dialogue. By the third quarter of 1999, 19.2 million adults used their credit cards to make online transactions, compared to 9.3 million in 1998 and only 4.9 million in 1997. Visa retained a more than 50 percent market share of online consumer transactions, while just over one-quarter of transactions were completed with MasterCard MasterCard Worldwide (NYSE: MA) is a mutinational corporation based in Purchase, NY in the United States. Throughout the world, its principal business is to process payments between the banks of merchants and the banks of purchasers that use its "Mastercard" branded debit- and , 12 percent with American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. and six percent with Discover. "The massive surge of credit card use online is an indication that consumers are fast becoming completely comfortable with making purchases online," says Liz Melcher, executive vice president of Cyber Dialogue. "The findings also suggest that credit cards have established themselves as the new online currency when it comes to buying goods and services of any value." |
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