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Payments credit union service organization (CUSO) PSCU reported 11.4 percent year-over-year debit and credit overall same-store sales volume growth among its owner credit unions over the 2020 holiday season, according to a press release emailed to PYMNTS. percent for credit, coming out far above the 3.6 percent to 5.2
“Our data continues to show signs of consumer awakening, with the growth rate for debit spend above historic levels and credit card spend continuing to show week-over-week improvements,” said Glynn Frechette , senior vice president, Advisors Plus at PSCU. “In The average debit card purchase amount rose 19.9
With decades of combined experience in fintech, responsible consumer lending and credit risk, both Robert and Ash hail from Plend, a company Robert launched in 2020 to provide affordable credit options for those with poor or limited credit scores.
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