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Bank of Ireland has reported a 30% increase in spending on its credit and debit cards in early December compared to the same time last year

30% rise in Christmas debit & credit card spending - BoI

Bank of Ireland said it was seeing an increase in spending on its customers' debit and credit cards as the countdown to Christmas is in full swing.

Business • 11 Dec 24

Contactless card transactions accounted for 84% cent of all Point of Sale (POS) card transactions in the first half of 2023, new Central Bank figures show

Total value of card transactions hit €6.8 billion in H1

New research from the Central Bank reveals that newer payment methods such as contactless card payments and digital mobile wallet card payments now account for an increasing share of total card transactions.

Business • 29 Sep 23

Retail sales volumes fell by 3.1% in September, new CSO figures show

Retail sales see biggest monthly fall in nine months

Retail sales volumes saw their deepest monthly drop in nine months today, falling 3.1% in September to stand 7% down from the same time a year ago, Central Statistics Office figures showed today.

Business • 28 Oct 22

Total card spending rose by 10% to €8.8 billion in August from July, new Central Bank figures show

Annual total card spending up 15% in August to new high

New figures from the Central Bank show that total card spending hit the highest value in August since it started taking a record of the figures.

Business • 30 Sep 22

Total card spending fell by 2%, or €137m, to €8 billion in July compared to June, today's Central Bank figures show

Debit and credit card spending down again in July

Spending on debit and credit cards fell in July for the third month in a row, according to figures published today by the Central Bank.

Business • 31 Aug 22

The December figure of €8.4 billion is is the highest since the Central Bank began compiling monthly card data in January 2015

Credit and debit card spending hits new record high

The total amount spent on debit and credit cards as well as ATM withdrawals rose by 2% in December to reach €8.4 billion, new Central Bank figures show.

Business • 01 Feb 22

April retail sales were up 90.1% compared with the same time a year ago when the economy was in a tight lockdown, the CSO said (Pic: RollingNews.ie)

Retail sales soar by 90% on annual basis in April - CSO

The volume of retail sales rose by an historic 90.1% on an annual basis in April, the latest Central Statistics Office show.

Business • 28 May 21

Monthly debit and credit card spending up 3%

New figures from the Central Bank show that total credit and debit card spending, including ATM withdrawals, reached €5.3 billion in February.

Business • 31 Mar 21

Overall debit card spend in November increased, new Bank of Ireland figures show

Debit card spend for Cyber Monday and Black Friday up

Bank of Ireland's debit card transactions on the first day of reopening of non-essential retailers after Covid restrictions on December 1 jumped by 42% on the same day last year.

Business • 04 Dec 20

Debit card spending grew by 19% year on year in March, while credit card spending grew by 10%

Consumers spent €1.7 billion online in March

New figures from the Central Bank show that there are more payment cards than people in this country, with just over six million active credit or debit cards in circulation.

Business • 23 May 19

Restrictions imposed on some Bank of Ireland debit cards due to fraud concerns

Restrictions imposed on Bank of Ireland debit cards

Some Bank of Ireland customers can not use their debit cards for online and contactless payments today as the bank has imposed restrictions on the cards due to fraud concerns.

Business • 12 Jan 19

Bank of Ireland said it is investigating the issue with its customers' debit cards

Bank of Ireland debit card issues resolved

The intermittent issues that some Bank of Ireland customers experienced using their debit cards today has been resolved.

Business • 21 Jun 18

Debit card transactions have continued on an upward trend since the post-Christmas low of €3.4 billion in January

Debit card spending hits five-month high

Debit card spending in Ireland during May reached €4.2 billion, hitting a five-month high, according to data from the Central Bank.

Business • 14 Jul 16

A maximum limit is being set for the fees charged by a card holder's bank to a retailer for debit/credit card transactions

New lower debit and credit card fees for retailers

One of the fees retailers are charged for accepting debit and credit cards is being halved from today, which could save retailers over €36m a year.

Business • 10 Dec 15

€20.3 billion was withdrawn from ATMs last year

Card transactions could beat cash this year

The value of debit card transactions could be greater than the amount withdrawn from ATMs for the first time this year.

Business • 14 Apr 15

Visa's net income rose 9% to $1.41 billion in Q1 from $1.29 billion a year ago

Visa quarterly profit beats forecasts

Visa, the world's largest credit and debit card company, reported a better than expected 9% rise in quarterly profit.

Business • 30 Jan 14

New study on credit card fees carried out by economist Tony Foley

Consumers face €100m in additional card fees

A new study has found that proposed new EU regulations could result in Irish consumers paying over €100m in additional credit and debit card fees every year.

Business • 20 Nov 13

Permanent TSB and AIB had reported problems with third party service provider

Debit card technical faults resolved

Permanent TSB has confirmed that problems with the bank's debit cards have now been fixed.

Business • 10 May 13

National Payments Plan aims to save the economy €1 billion a year

Plan to double level of electronic payments

A new initiative aims to save the Irish economy €1 billion annually by increasing the use of electronic forms of payment such as debit cards and electronic banking.

Business • 25 Apr 13

Debit Cards