Consumers are adhering to their concrete cards, and Wells Fargo barter especially.
Wells Fargo barter were the better users of debit and pre-paid cards in the U.S. in 2016, according to Nilson Report, released last week.
The address logs the top debit agenda issuers in the country by acquirement volume, which was up 6.7% for 2016, compared to the antecedent year.
From the report:
Purchase aggregate at merchants generated by cardholders of the 50 better debit and prepaid agenda issuers in the United States accomplished $1.694 abundance in 2016, up 6.7% against the top 50 issuers in 2015. This included customer and bartering signature and PIN-based debit and prepaid articles austere through Visa, Mastercard, Discover, and PIN-based bounded EFT networks.
Purchase aggregate for Wells barter was about $306 billion for 2016, according to the report, which represented approximately 12% of all debit and pre-paid purchases in the country.
The runners-up were Bank of America, with about $300 billion ($298.9) in acquirement volume, and Chase, with $272.5 billion.
The abounding address may be begin here.
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