Quote:
Originally Posted by BrooklynBlue
Yes, but they'll still feel the pain of reduced credit issuance and reduced consumer spending on credit. Both of those factors directly influence transaction volume.
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Yes. But with the current rise in energy related inflation I think a lot of people will buy less and buy more often (gas, groceries).
And whether they buy with Visa or a Visa transaction-controlled debit card, that means less spending but more transactions. And transactions is what we care about here.
I just hope the big boys keep pushing the stock down all night !!