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First Data Releases November 2012 SpendTrend

First data logo 140x60pxFirst Data has released its First Data SpendTrend analysis for the full month of November 2012 compared to November 2011.

Dollar volume growth remained solid at 5.8% in November, down from 6.7% in October. The growth was considered healthy as November 2011 was a strong month with dollar volume growth of 7.3%. The growth significantly weighted to spending at retailers during the latter half of the month. Although Black Friday retail spending was weaker this year with growth at 8.3% compared to 9.7% last year, overall November dollar volume growth still performed well.

SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations.

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