Card Transaction Data
Electronic Card Transactions Data
Electronic Card Transactions (ECT) Data is data found in New Zealand to demonstrate statistics for their consumer spending through debit and credit card use.[1] It is similar to the Retail Trade Survey (RTS) found in New Zealand which usually measures this area of economic activity.[1]Since debit and credit cards are commonly used to pay for goods and services in New Zealand, they represent a strong percentage of the consumption expenditure in the country. Every time an electronic transaction is made in New Zealand, an ECT data is generated as an indicator of retail sales. This data is compared to the monthly RTS New Zealand uses for this data originally to see if it is a reliable indicator of changes in retail sales.
Overview
Characteristics and Coverage
Inclusions
- All New Zealand merchants debt, credit and charge transactions
- Point of sale transactions with car present (authorized by either pin or signature)
- No card present transactions including mail orders, invoice payments and telephone purchases
- GST tax (goods and services)[1]
Exclusions
- All credit card transactions outside New Zealand (internet, mail-order, telephone)
- New Zealand card holder transactions completed overseas
- Cash or cheque purchases
- Automatic payments form bank accounts
- ATM withdrawals
- Internet bank account payments[1]
Classification
Usage
Share of Spending
References
- ^ a b c d Minish, Henry (June 2007). "The Development of Electronic Card Transaction Statistics". Statistics New Zealand. Retrieved 20 October 2016.