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PSCU: Debit Card Spend Growth Above Historic Levels

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Credit union service organization (CUSO) PSCU compared the 19 th week of 2020, which concluded on May 10, to the same timeframe in 2019 to discover the impact of the pandemic on consumer spending and shopping trends. The average debit card purchase amount rose 19.9 percent year over year.

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PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic

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As the coronavirus pandemic continues to disrupt personal finances, a study by credit union service organization (CUSO) PSCU shows that overall credit card spending is down 29 percent for the week ending April 5, compared to the same period in 2019. Debit card spending is down 12 percent for the same period.

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NY Fed: Credit Applications, Acceptances Plunge During Pandemic

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21) from its latest Survey of Consumer Expectations (SCE) Credit Access Survey , which showed most credit applications and acceptance rates falling sharply after February this year. The largest declines were from credit card and credit limit requests, with auto loans in second place.

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PSCU Says CU Spending Up With Stimulus Funds Arriving

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Credit union service organization (CUSO) PSCU compared the week ending April 19, 2020, to the same time frame in 2019 to discover what impact the coronavirus is having on consumer spending and shopping trends. People spent more money on consumer goods, with a 20 percent increase in debit card transactions.

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PSCU: Consumers Choose Debit As Preferred Payment Amid Coronavirus

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Amid the coronavirus pandemic, PSCU compared transactions of its owner credit union members on a same-store basis between March 2019 and March 2020. percent year over year, with debit card incremental spend coming out ahead of credit cards by 3.5 percent drop. Transaction dollars are higher 41.3

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Hackers Sink Their Teeth Into Arby’s Credit Card Data

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Fast food chain Arby’s confirmed that credit card data was stolen from thousands of its customers due to a data breach that took place last month. Though the retailer wasn’t named at the time, PSCU said more than 355,000 credit and debit cards issued by PCSU-associated banks were compromised in the data breach.

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PSCU Credit Unions See Boost In Sales During Prime Day

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A new report from payments credit union service organization PSCU revealed that its owner credit unions saw banner results from the promotional programs offered through PSCU’s Advisors Plus during the two-day shopping event.