Monday, November 25, 2013

First Data Releases October 2013 SpendTrend® Analysis

October Consumer Spending Growth up from September

ATLANTA,  Nov. 18, 2013First Data Corporation, a global leader in electronic commerce and payment processing, today released its First Data SpendTrend® analysis for Oct.1, 2013 through Oct. 30, 2013 compared to Oct.2, 2012 through Oct.31, 2012.  SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations.

Dollar volume growth in October was 6.8%, a healthy uptick from last month’s growth of 5.3% despite the political strife in Washington. The growth was supported by the onset of cooler temperatures, which drove sales of seasonal merchandise and early holiday advertising attracting shopper foot-traffic. The year-over-year gas price discount continued to widen. This negatively impacted overall spending growth. Gas Station dollar volume growth was -4.9% in October, the lowest growth seen since April 2013. However, strong growth in categories such as Food Services & Drinking places and Leisure, which saw growth of 7.8% and 9.9% helped offset some of that negative growth.

Retail dollar volume growth in October jumped to 5.6% compared to September’s 3.6% growth. Retail spending growth accelerated toward the end of the month as the government shutdown ended and shoppers regained confidence. All retail sub-categories saw positive year-over-year dollar volume growth.

Average ticket growth was 0.5% in October, up from September’s growth of -0.2%. The slowdown in Gas Station average tickets continued to offset the overall growth. Gas Station average ticket growth of -7.9% marked a twelve-month low. However, retail average ticket growth jumped to 1.8% from last month’s growth of 0.8% as discounting activity by retailers eased. Retailers focused on profits in October, as this period is an opportunity to plump up profits between the back-to-school and holiday seasons; periods where retailers may be forced to cut prices to win customers.

“Consumer spending growth gained momentum in October, which should provide retailers with an optimistic outlook heading into the holiday season”, said Krish Mantripragada, SVP, Information and Analytics Solutions, First Data. “Retailers should expect holiday spending to be modestly stronger compared to last year barring any number of external events that could negatively impact sales such as poor weather or geopolitical events at home or abroad.”

October Dollar Volume Growth CHANGE
Credit +7.7%
Signature Debit +6.0%
PIN Debit +6.2%
Check -4.8%
Prepaid +3.8%
Note: All transactions are same-store growth.

To view infographics showing October SpendTrend data, click here

For more information on First Data SpendTrend, visit or call SpendTrend Customer Care at 800-430-0169.

To participate in the SpendTrend conversation, please follow First Data at

Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive client revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction. More information about the company is available on as well as on Twitter, LinkedIn, Facebook and YouTube.

Media Contact
Cara Crifasi, First Data

First Data SpendTrend, a macro-economic indicator, is based on aggregate same-store sales activity in the First Data Point of Sale Network. First Data SpendTrend does not represent First Data’s financial performance.

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Partnering Round Up: 11/18 - 11/22

All Payments Expo is committed to catalyzing value add partnerships for the betterment of the ecosystem. Here’s the weekly roundup of partnership news: 

“African telecommunications giant MTN, and world leading e-payment service provider Visa, have come into partnership to offer customers a mobile payment solution which allows MTN Mobile Money customers to make online transactions wherever Visa is accepted.”  To read the full article,  click here.

“WunWun triples orders since launch, partners with Dwolla for payment” To read the full article, click here.

“Our extended partnership with Green Dot now allows our cardholders to load funds to their prepaid cards at more than 4,000 Walmart stores that offer Walmart’s Rapid Reload service.” said MasterCard Group Executive of U.S. Market Development, Craig Vosburg. To read the full article, click here.

"SumAll, the leading provider of connected data analytics, today announced a partnership with Simplify Commerce by MasterCard that makes it easy for merchants to accept e-commerce and mobile commerce payments, regardless of payment brand, in a matter of minutes." To read the full announcement, click here.

"Visa has announced a strategic alliance with global prepaid processor i2c, Inc., affirming its commitment to the growing prepaid market in Asia-Pacific, Central Europe, Middle East & Africa (APCEMEA)." Read the full article here.

Click here for more information on partnering and how you can guarantee ROI at All Payments Expo.

See you in Las Vegas.

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Wednesday, November 13, 2013

PARTNERING is taking center stage at All Payments Expo

Here's why payments companies MUST partner: 

Industry Convergence: 
Incumbent institutions are being joined by new companies and industries entering the payments space, giving everyone opportunities to leverage the strengths of other players.

An interoperable infrastructure is necessary to facilitate widespread acceptance of new payment types, making unionification crucial in the evolving ecosystem. 

New players bring new strategies- and much-needed data, scale or functionalities to augment existing product pipelines. 

Independence from Old Business Models: 
Payments' rapid-fire evolution is set to change the revenue structure for the entire industry, making new partnerships with creative players a must. 

For more information on partnering and how you can guarantee ROI at All Payments Expo – CLICK HERE

See you in Las Vegas!

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