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Overall debit and credit card payment volumes decreased "moderately" year-over-year, according to PSCU's latest weekly consumer transaction report.
PSCU said debit card spend was up nearly 18% for the week ending July 12 compared to the same time period last year. That amount, however, was about 1 percentage point lower than the previous week. Debit transactions were up nearly 2%, according to the St. Petersburg, Fla.-based CUSO.
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Mike Scarcella
Mike Scarcella is a senior editor in Washington on ALM Media's regulatory desk. Contact him at [email protected]. On Twitter: @MikeScarcella. Mike works on a slate of newsletters: Supreme Court Brief | Higher Law | Compliance Hot Spots | Labor of Law.
