Debit numbers were strong as transactions, spending volume and average purchase value all rose.
Increased mobile-wallet use is being fueled by greater consumer awareness and merchant adoption of wallet-enabled payment terminals. A2A transactions, which include P2P and gig-economy wage payments, increased at a more moderate rate.
As issuers continue to confront new and varying types of fraud, fraud management has emerged as their top concern. Nearly all issuers reported enhancing their fraud models in 2022 to lessen its financial burden and customer impact.