Debit Surge Has Ripple Effects On Networks And Issuers
PYMNTS
FEBRUARY 1, 2021
Both firms’ management stated during their respective earnings calls that debit spending remained healthy subsequent to the end of the quarter. The issuers, too, have seen surges in debit spending. Wells Fargo stated that debit card purchase spending was up 11 percent; J.P. As to where that debit spend is going: J.P.
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