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New data shows credit card slow down for credit unions. Source: Shutterstock.

Consumer debit card spending is leading a rebound in payment activity, up more than 18% year-over-year, according to the latest weekly transaction report from PSCU.

Debit transactions were up a little more than 3%, recovering from negative territory last week, PSCU said. The CUSO said credit card spend was down 1.3% year-over-year, and transactions were down about 7%. The latest PSCU report compared the week ending July 5 with the same timeframe last year.

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Michael Ogden

Editor-in-Chief for CU Times.

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