First Data: Consumers held back on spending until end of Nov.
SANDY SPRINGS, Ga. -- Consumers knew better deals were coming on Black Friday and held back on spending until the end of November, according to First Data's latest SpendTrend report.
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The privately held Sandy Springs-based electronic payments company reported year-over-year dollar volume growth was up 7.3 percent in November, down from October's 9.4 percent jump.
Dollar volume growth was 8.1 percent, while transaction growth was 6.1 percent in November.