Tuesday, February 01, 2005

Finextra: Plastic card transactions hit record high in December - Apacs

Finextra: Plastic card transactions hit record high in December - Apacs: "The UK's payments association Apacs says debit and credit card transactions hit a record high in December, with an average of 220 transactions taking place per second.
Sandra Quinn, director of corporate communications of Apacs, says two factors defined spending on plastic cards in December - for the first time customers spent more on cards rather than by cash, and secondly, many customers used cards to make Tsunami donations.
Plastic card transactions reached 584.6 million in December 2004, 12.6% up on last year's 519 million."

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