APACS: Quarterly statistical release (dec 2007)

Quarterly statistical release from APACS, the UK Payments Association, providing payments data from the last three months of 2007 along with the yearly figures for 2007. This is the first time that annual figures have been presented in this way allowing information on credit and debit card usage, use of cash machines and clearing statistics to be drawn together in an easy to read format.


Highlights from 2007 include:

· Cheque and credit clearing volumes have declined at their fastest ever rate, falling 9.3% over the last 12 months. A decline was consistent throughout each of the quarters.

· For the third consecutive year repayments of credit card debt have remained above 95%. This is a distinct improvement from five years ago when repayments were at 88%.


This publication forms part of the APACS Statistical Service. The service has been created to provide a one-stop-shop for the media, MPs, civil servants and consumer groups who require statistics and trend data on a range of payments trends, such as cheques, plastic cards or direct debits.

If you have a specific statistical query or would like to receive regular updates from APACS do get in touch with the APACS Statistical Service on 020 7711 6316. Alternatively, you can e-mail the service at askapacs@apacs.org.uk.


APACS Statistical Service

Michelle Meyer
Press Officer, Corporate Communications

APACS - The UK Payments Association
Mercury House
Triton Court
14 Finsbury Square
London
EC2A 1LQ

T +44 (0)20 7711 6316
M +44 (0)7920 045 271
F +44 (0)20 7256 5527
E. michelle.meyer@apacs.org.uk
Media Enquiries: press@apacs.org.uk