Digital Transactions –  3/14/13:  Credit cards began staging a somewhat wobbly post-recession recovery in 2010 and 2011. But new figures from First Data Corp. and Visa Inc. indicate credit card charge volume is back to just about full health. In a mid-March investor presentation, Visa reported that U.S. credit card payment volume increased 11% from Jan. 1 through Feb. 28 over the same timespan in 2012. The leading payment network also said that debit volume decreased 3%. Visa did not disclose actual volume or transaction figures. Meanwhile, the most recent SpendTrend report compiled by First Data Corp., the biggest payment processor, shows that credit cards far outpaced other major payment forms for growth in February. Credit card charge volume grew 7.9% from February 2012’s levels while signature-debit dollar volume increased 2% and PIN-debit volume 1.3%. Closed-loop prepaid card volume increased 3.2% while check volume, continuing its long-term decline, fell 4.2%.
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Source: Paymentspulse