Steady Credit Card Usage
Overall credit card volumes during May were flat–up slightly mm because of seasonality and some sector activity.
• Mom-and-pop and high-end retailers and sit-down restaurant credit card volumes remained weak; healthcare, quick-serve restaurants and online sales were strongest
• Merchant credit card payment transaction costs mostly flat yy, but higher issuers’ credit card fees are expected
• Upgrades and compliance with Payment Card Industry (PCI) Data Security Standards are expected to encourage some higher processing fees
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