The Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 5 months agoThe numbers will determine your fatelemmy.worldimagemessage-square293fedilinkarrow-up11.74Karrow-down127
arrow-up11.71Karrow-down1imageThe numbers will determine your fatelemmy.worldThe Picard Maneuver@lemmy.world to Microblog Memes@lemmy.worldEnglish · 5 months agomessage-square293fedilink
minus-squareSeptimaeus@infosec.publinkfedilinkEnglisharrow-up2·5 months agoTrue! Fed data corroborates this, and it appears the gap has only widened since. (Image from 2022 CC profitability report) So I was wrong. Thank you for the heads up. I’ll correct it shortly.
minus-squared00ery@lemmy.worldlinkfedilinkEnglisharrow-up2·edit-25 months agoInteresting to see that this has only changed, fairly (last 3 - 6 years), recently and the profit from merchant vs interest fees has pretty much flipped! I didn’t know about the Fed data, so that to me feels like a good solid source as well.
True! Fed data corroborates this, and it appears the gap has only widened since.
(Image from 2022 CC profitability report)
So I was wrong. Thank you for the heads up. I’ll correct it shortly.
Interesting to see that this has only changed, fairly (last 3 - 6 years), recently and the profit from merchant vs interest fees has pretty much flipped!
I didn’t know about the Fed data, so that to me feels like a good solid source as well.