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Research from Deloitte has warned credit card issuers they need to do more to encourage credit card use if credit products are to have a long term future, especially with... more
The post Research note: Consumer interest in the credit card is declining appeared first on Payments Cards & Mobile.
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
The post Credit card transactions overtake debit transactions in Canada appeared first on Payments Cards & Mobile.
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 [...]
The post US payments: credit cards continue dominance over debit cards and cash appeared first on Payments Cards & Mobile.
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 [...]
The post Online and credit cards grow share of spending with UK SME merchants appeared first on Payments Cards & Mobile.
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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