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FICO Data Uncovers Positive Impact Pandemic Had On UK Consumers’ Payments

Summary by Financial IT
Global analytic software leader FICO’s analysis of UK credit card payments data from the past six years has revealed that consumers developed healthier credit card payment patterns during the pandemic, and those patterns have not fallen back to pre-pandemic levels. The COVID-19 lockdown and its reduced spending opportunities, as well as the financial support provided by the government furlough scheme, saw consumers more able to make card payment…
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01net broke the news in on Monday, March 31, 2025.
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