Consumer spending stabilized in September at restaurants, where more robust transaction growth offset heavier declines in average checks, according to payment processor First Data. In the company’s “September 2010 SpendTrend” report, which measures same-store consumer spending via credit, signature debit, PIN debit and EBT cards at U.S. merchant locations, First Data found that the month’s year-over-year dollar volume grew 7.6 percent, down slightly from ...
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