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In an unusual trend for a developed market, the number of credit card transactions in Canada has exceeded the number of debit purchase transactions for the first time since 1997,... more
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Credit cards continued to gain share against all other forms of payment in the US in 2015 according to the The Nilson Report, after measuring 11 methods of consumer payments in the US. “Our model measures the payment instruments consumers use to make Personal Consumption Expenditures calculated by the US Bureau of Economic Analysis,” explains David Robertson, publisher [...]
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According to retailers, consumers across the UK spent in record numbers on November’s “Black Friday”. It is estimated that online spend for the day was around £1.23 billion, a 12% increase year-on-year, while the total spend for the week rose to £6.5 billion. Small to medium enterprises (SMEs) and Micro businesses expect this trend to [...]
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Credit cards, debit cards, and prepaid cards issued in the US initiated 104.41 billion purchase transactions in 2015, up 8.0%, according to The Nilson Report, the top trade journal covering the card and mobile payment industries. Spending for goods and services on those cards totaled $5.805 trillion, up 7.4% over 2014. By 2020, purchase volume [...]
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US fraud levels are rising across all payment card products, according to First Annapolis’ semi-annual survey of major card issuers, but changes in fraud write-offs vary by product. Survey results1 show that reported cases of payment-card fraud for credit, signature debit, and PIN/ATM debit all increased significantly from 2015 to 2016 writes Casey Merolla, Senior Manager, [...]
The post US fraud losses rising on debit cards – falling on credit cards appeared first on Payments Cards & Mobile.