Debit, credit card spending up this holiday season
Friday, December 27, 2013 11:00 AM
Clive-based payments processor
The Members Group has released its Black Friday and Cyber Monday data, which
shows a 12 percent increase in debit spending over the last two years,
according to a release.
Consumerrs who carry credit and debit cards issued by
TMG financial institution clients spent slightly more on average this year as
compared with the same period last year. The average transaction amount for
debit cardholders was $134 during Thanksgiving week, compared with $131.66 in
2012. In 2011, the average debit transaction amount was $121.87, creating a 12
percent increase over a two-year period.
The average transaction amounts
increased for credit cards as well, up to an average of $222.98 this year. The
average in 2012 was $222.16; in 2011, the average was $208.14.