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Consumers spent more on their cards in the week ending Sept. 13 than they did a year earlier with gains for restaurants and consumer goods, especially electronics, sporting goods, home furnishings and automotive, according to a PSCU report released Monday.
The St. Petersburg, Fla.-based payments CUSO's Transaction Trends Update showed debit card spending for Week 37 was 16.4% greater than the year-ago week, and the weekly gain was in line with the four-week average gain of 16.9%. Transactions were up 2.8% and have been positive for 11 consecutive weeks.
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