I had the same problem as you. It turns out you need to convert the Excel data file to an ArrayBuffer.
var blob = new Blob([s2ab(atob(data))], {
type: ''
});
href = URL.createObjectURL(blob);
The s2ab (string to array buffer) method (which I got from https://github.com/SheetJS/js-xlsx/blob/master/README.md) is:
function s2ab(s) {
var buf = new ArrayBuffer(s.length);
var view = new Uint8Array(buf);
for (var i=0; i!=s.length; ++i) view[i] = s.charCodeAt(i) & 0xFF;
return buf;
}