UPDATE 1-Visa quarterly profit rises as holiday shopping powers spending

Visa reported an 8% rise in first-quarter profit on Thursday, as the world's largest payments processor benefited from more customers swiping their credit cards for big purchases during the holiday shopping season and hitting the road. U.S. consumers shrugged off the impact of sticky inflation to ring in a solid holiday season, snapping up beauty products, apparel and electronics that were on steep discounts both online and in retail stores.