Increase marks highest growth in 18 months, report says
Consumer credit- and debit-card spending in restaurants and bars grew by 9.5 percent in October year-over-year, the highest growth in more than 18 months, according to payment processor First Data. However, the average ticket remained in negative territory for the month, the Atlanta-based electronic commerce and payment processor said. In its October 2010 “SpendTrend” report, First Data analyzed debit, EBT and credit card spending across retail sectors and found that card ...
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Contact: Desiree Torres Desiree.Torres@penton.com