Visa Q3 2010 Earnings Call Transcript — Seeking Alpha

The next question comes from David Hochstim, Buckingham Research Group.

David Hochstim – Buckingham Research Group, Inc.

Yes, I wondered could you give us a sense of how much customer account conversions might have contributed to the debit growth in the U.S. and processed transactions, are they meaningful? Senator Durbin’s got some new credit card interchange proposal relating to government cards. I wonder if you have any color on that.

Byron Pollitt

On the first part, the conversions did contribute, but very, very, modestly, not material. And on the second part of the question…

Joseph Saunders

As it relates to the proposals that Durbin just made, it would have very little effect on interchange in total. I mean, it’s de minimis.

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