Since the beginning of 2011, consumers have begun to spend using their credit cards again. First Data industry figures show that in February 2011, credit card dollar volume year-over-year growth surpassed that of signature or PIN debit for the first time in over two years. While this shift continued through much of the first half of 2011, however, it took place with much less of an increase in consumer revolving debt than would have otherwise been the case. Read this executive summary of a recent First Data Advisors Analysis to learn more about this trend and its implications for financial institutions.
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