Armed with $600 checks from the federal government, credit union members in the PSCU network spent 25% more through their debit cards in the week ending Jan. 17 than they did in the third week of 2020.
The St. Petersburg, Fla.-based payments CUSO's Transaction Trends Update released Monday found spending remained strong for credit and debit in the third week of January 2021, with growth in debit purchases in the goods, services and grocery sectors, aided by the second round of COVID-19 relief funding.
The increase in debit card spend was in line with the four-week average gain of 25.1%, and the 4% gain in credit card spending matched the four-week average gain of 4%.
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