First Data Releases March 2012 SpendTrend®

Atlanta based First Data Corporation, a global leader in electronic commerce and payment processing, released its First Data SpendTrend® analysis for the full month of March 2012 compared to March 2011.
SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations.

Year-over-year dollar volume growth was 8.7% in March, compared to February’s 8.9% growth. Mild temperatures and early Easter holiday spending drove retail foot traffic despite higher gasoline prices.

“The mild weather across much of the nation in March encouraged retailers to promote sales of spring merchandise, providing an additional catalyst to customer traffic,” said Silvio Tavares, SVP and division manager of First Data Global Information and Analytics Solutions, which publishes SpendTrend.

In March, PIN debit surged to yearly highs in dollar volume and transaction growth. As a higher percentage of taxpayers elected to have their tax refunds electronically deposited into their bank accounts this year, it appears they made more discretionary purchases with PIN debit cards instead of credit cards.

March Dollar Volume Growth           CHANGE

Credit                                            +5.7%
Signature Debit                             +8.4%
PIN Debit                                       +14.6%
Check                                             -2.6%

Note: All transactions are same-store growth.

Editor
ATLANTA TREND™

For questions or feedback, please contact us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

Social Media Corner

Subscribe ATLANTA TREND

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Enter Email Address
For Email Marketing you can trust

Market Report

Any data to show