The average value of payment declines increased $53 in January, and that of payment fraud rose $11 during the same time period, according to Digital Economy Payments, a PYMNTS report based on a survey of 2,633 U.S. consumers who purchased groceries, retail products, food at restaurants or travel services.
Get the report: Digital Economy Payments
The average value of purchases involved in declined transactions leapt to $174 in January, up from $121 in December and $149 in November.
The increase was less steep when it came to fraud, as the average value of purchases involved in payment fraud climbed to $352 in January, up from $341 in December and $343 in November.
Of the four segments covered in the report, travel purchases were the ones…
