Credit union members relied more heavily on their credit and debit cards to buy goods during the 2020 holiday season than the previous year, despite shipping delays and cutbacks in other spending, according to a PSCU report released Tuesday.
The St. Petersburg, Fla.-based payments CUSO's Transaction Trends Update found card spending grew more sluggishly from week ending Dec. 22, 2019 to the week ending Dec. 20, 2020 (Week 51) and grew more briskly from the week ending Dec. 29, 2019 to the week ending Dec. 27, 2020 (Week 52).
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