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First Data Analysis shows Significant Growth Rates in Prepaid Card Usage

First Data recently did an analysis of point-of-sale data tracking the usage pattern of credit cards, signature debits, prepaid cards and others. The analysis also covered spending patter across multiple segments and various market areas. The analysis was done as part of First Data SpendTrend report. A major highlight in the analysis result was prepaid cards showing a higher growth rate than even credit cards during the period of study. It shows how prepaid cards are moving ahead in developing nations and in developed nations as well like U.S.

The combination of consumers soaking up the last weeks of summer before and during Labor Day week ...

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