Payment Card News

Xmas Spend

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Over the past four weeks consumer credit card volume has been steadily rising as consumer signature debit card volume has been declining. However, on a year-over-year basis, consumer signature debit card volume is rising more than three times faster than consumer credit card volume. According to VISA’s weekly “SpendTrak” reports, consumer credit card volume on VISA cards grew from $10.6 billion for the week ending November 6th to $11.3 billion for last week. Consumer debit card volume (excluding Interlink) peaked at $8.9 billion for the week ending November 13th, but declined to $8.3 billion for each of the past two weeks. Meanwhile, commercial credit and debit card volume sank last week to $2.3 billion, compared to its average of $3.2 billion per week. Understandably, the two-day holiday break was the reason. VISA noted that the average ticket over the past four weeks was $76.20 for its consumer credit cards, $35.73 for consumer signature debit cards, and $126.68 for commercial credit and debit cards.

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|_4. VISA GROSS DOLLAR VOLUME |
|_4. ($ billions) |
|_. Wk End | Credit | Debit | Commercial |
|_. Nov 6 | 10.6 | 8.7 | 3.1 |
|_. Nov 13 | 11.2 | 8.9 | 3.2 |
|_. Nov 20 | 11.1 | 8.3 | 3.2 |
|_. Nov 27 | 11.3 | 8.3 | 2.3 |
|_4. Source: VISA SpendTrak |

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