X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
smiling young tourist woman in striped jacket with credit card buying airplane tickets online on a smartphone while sitting near couch and trolley bags at modern home in sunny hot summer day. Source: AdobeStock.

Payment CUSOs found members continued to accelerate spending in February, including travel, and continue shifting more of their purchases from their debit cards to their credit cards.

The PSCU Payments Index found gains in spending from February 2021 to February 2022 were 27% by credit cards and 14% by debit. On Wednesday, the Census Bureau reported retail spending, excluding cars and parts, was $527.8 billion, up 17.7% from a year earlier.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Jim DuPlessis

A journalist for decades.

More from this author

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.