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Following a noticeable rebound in credit and debit card transactions, overall growth has somewhat plateaued, PSCU said in its latest weekly consumer snapshot.
For the week ending Aug. 16, Glynn Frechette, SVP of Advisors Plus at PSCU, noted that card payment volumes pulled back compared to the previous week's report, with debit card spend rising 14.7% compared to 20% for the week ending Aug. 9. Credit card spend continued its downward trend, dropping 2.2% year-over-year compared to 2% the previous week.
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Dylan Jackson
Dylan Jackson writes about the business of law and race. He can be reached at [email protected] or 305-347-6677. On Twitter @DylanBJackson
