Consumer Payment Card News

Holiday Pulse

Retail sales charged to major credit cards, signature debit cards, and store credit cards is running nearly 10% over projected levels for this year. For the three weeks ending December 12th, overall retail payment card volume has topped $70 billion, compared to an estimated $64 billion for the 2004 season. Debit cards continue to lead the charge, running about 14% over projected volume. Store credit cards are up 1% to $9.7 billion in retail volume for the holiday period, while credit cards are up more than 10% to $47 billion. According to VISA’s “SpendTrak” report, overall retail volume on VISA-branded payment cards for last week was $11.0 billion, an 8.9% increase over last year. MasterCard says its cumulative growth in global transactions for the season, to-date, is 9.8%.

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|_4. Holiday Card Volume |
|_4. (three weeks ending 12/12)|
|_. | Projected | Actual | Difference |
|_. Credit: | $42.6 billion | $47.0 billion | +10.3% |
|_. Debit: | $12.2 billion | $13.9 billion | +13.9% |
|_. Store: | $9.6 billion | $ 9.7 billion | + 1.0% |
|_. TOTAL | $64.4 billion | $70.6 billion | + 9.6% |
|_4. Source: CardData (www.carddata.com) |

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