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Barclays says spending on credit and debit cards up this Christmas compared to last year.

Byline: matthew@cpifinancial.net (Staff Writer)

Barclaycard Payment Acceptance, one of the largest processors of debit and credit card transactions in the UK says that shoppers spent more on debit and credit cards from 19 December to 31 December compared to the same period in 2008. The busiest day prior to Christmas Day for turnover came on the 23 December with [pounds sterling]497 million ($796 million) being spent. After Christmas Day, sales peaked on the 29 December with [pounds sterling]376 million ($602.5 million) being spent.

Data Highlights:

Total 19 - 31 December 2009 turnover was [pounds sterling]4.085 billion ($6.548 billion) compared to [pounds sterling]3.989 billion ($6.394 billion) in the same period in 2008 - a 2.4 per cent increase

Post Christmas spending up in 2009 versus 2008 - [pounds sterling]1.683 billion ($2.698 billion ) versus [pounds sterling]1.642 billion ($2.632 billion)

Busiest pre-Christmas shopping day 23 December with [pounds sterling]497 million ($796 million) in card transactions processed

Christmas Day - [pounds sterling]24 million ($38.5 million) over 0.7 million individual transactions processed

Christmas Day transactions peaked at 12.08 with 32 transactions a second

Boxing Day saw an average credit card transaction of [pounds sterling]72.46 ($116.12). This was largely driven by the DIY and electronic stores sectors

Online retailers saw [pounds sterling]9.5 million ($15.22 million) of turnover on Christmas Day compared to [pounds sterling]8.1 million ($13 million) for Christmas Day 2008 - an increase of 17 per cent.

Marc Pettican, Head of Sales at Barclaycard Global Payment Acceptance said, "Our retailers have seen an increase in turnover compared to the same period last year with over [pounds sterling]4 billion ($6.4 billion) being spent. We've also seen a stronger post-Christmas performance as shoppers take advantage of the sales discounts and consider the effects of the imminent VAT increase."

2009 CPI Financial. All rights reserved.

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Publication:CPI Financial
Date:Jan 7, 2010
Words:333
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