CUpdate: PSCU Reports Latest Year-over-Year Transaction Trends for week of January 3, 2021...
To provide relevant updates on market performance, experts from PSCU’s Advisors Plus and Data & Analytics teams released year-over-year weekly performance trends. In this week’s installment, PSCU compares the first week of the year (the week ending Jan. 3, 2021 compared to the week ending Jan. 5, 2020).
“The first week of 2021 showed mixed card payment volume growth rates, with stronger results in debit,” said Glynn Frechette, SVP, Advisors Plus at PSCU. “Strong performance continued across the Goods, Service and Grocery merchant categories. In this week’s deeper dive, we explore the increased volume of holiday purchase returns within the Goods sector. With the considerable growth in ecommerce activity throughout the holiday season, return volume rose as expected to rise compared to past years, as Card Not Present purchases typically generate much higher returns than Card Present purchases.”
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