article thumbnail

US Debit Card Usage Soars as Consumers Embrace Convenient Payments

The Fintech Times

The 2024 PULSE Debit Issuer Study reveals that in 2023, the total number of debit cards, transactions and annual spending per active card all saw substantial increases. On average, active debit cardholders completed 34.6 transactions per month, including 30.7 ATM transactions.

article thumbnail

Deep Dive: Measuring COVID-19’s Impact On Consumers’ Payment Preferences

PYMNTS

The volume of grocery purchases made over PULSE’s debit network was 25 percent higher than usual during March 17 to March 24, for example. Credit union service organization (CUSO) PSCU reported that, among its members’ customers, debit spending at grocery stores was up 10 percent year over year for March 17 to March 23.