Earlier store openings and a search for bargains drove retail sales volume up 5.6% from last year, First Data said.
In what may have significant implications for ATM deployment and other aspects of credit union operations, a study from Javelin Strategy and Research has found that debit and credit cards have overtaken cash for the bulk of sales volume at the retail point of sale.
Debit card volume passes that of cash at the point of sale. This preview article from next week's print edition examines the implications.
Javelin study finds cash transactions more numerous but not as high in value.