First Data’s Volume Growth Slowed in the First Quarter, but Brick-and-Mortar Topped E-Commerce

First Data reported slower than expected transaction volume in Q1, driven largely by "the five-week government shutdown, and a barrage of winter storms." The more interesting point to note: the growth of brick and mortar spending compared to e-commerce. According to the company, "same-store volume at physical merchants grew 2.4% while e-commerce increased only 2.1%. Even though e-commerce has consistently outpaced the growth at brick-and-mortar stores, it too has had a steady decline in growth over the last five quarters.”


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