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.

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Jim DuPlessis

A journalist for decades.

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