PSCU Payments Index May 2023: Strength in Contactless Card Payments Led by Generational Differences
By: Yvonne Stelpflug, SVP, Advisors Plus, VeleraSummary: The May edition of the PSCU Payments Index reveals that while overall payment growth is positive, consumer spend is weakening, with lower-than-average purchases for credit and debit cards. Yvonne Stelpflug, SVP, Advisors Plus at PSCU, explores the strength in contactless card payments, led partially by generational differences, as well as usage concentrations in certain sectors.
Author: Yvonne Stelpflug has served as senior vice president, Advisors Plus at PSCU since September 2021. She joined PSCU in June 2019 as a managing vice president of Account Management and has more than two decades of financial services industry experience, working at credit union service organizations, card processors and financial institutions. With previous leadership roles in operations, product development and sales/account management, Yvonne also brings a wealth of expertise to grow and adapt to the changing payments environment and continue the forward momentum of Advisors Plus.
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