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Visa: Online Retail Growth Doubling Offline Growth

The week after Thanksgiving saw an increase in online visa charges of 34 percent over the same week the year before, according to Internet Retailer. Online spending for the week ending December 5 amounted to $2.67 billion when consumer and business charges were all lumped together. When offline sales were included, the rise was almost halved to 19 percent. The number of online transactions increased to 33.2 million, up 27.5 percent.

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