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Electronic Card Transactions: February 2012
Embargoed until 10:45am  –  09 March 2012
Definitions

About Electronic Card Transactions

Electronic Card Transactions (ECT) is a monthly series that covers all debit, credit, and charge card transactions with New Zealand-based merchants. This information can be used as an indicator of the change in the level of consumption expenditure and economic activity in general.

Statistics New Zealand would like to acknowledge the cooperation of the private sector in providing the data for publication, which supports the delivery of statistics without significant additional burden on businesses in New Zealand.

More definitions

ANZSIC: Australian and New Zealand Standard Industrial Classification.

Average transaction value: the total value of transactions divided by the total number of transactions.

Average value of transactions per person: the total value of transactions divided by the sum of the average resident population and the average number of overseas visitors to New Zealand for the reference year.

Average number of transactions per person: the total number of transactions divided by the sum of the average resident population and the average number of overseas visitors to New Zealand for the reference year.

Card-not-present transactions: purchases made using a credit card, via telephone, mail order, Internet, or credit card direct debit where the card is not present for the transaction.

Cash out: cash taken out at a point-of-sale terminal, with or without a purchase.

Core retail series: includes consumables, durables, hospitality, and apparel industry groups. See Data quality for detailed industry descriptions.

Debit card: card used for debiting money directly from a bank account. Also commonly referred to as eftpos, cash, or ATM card.

Debit transactions: where the purchaser uses the cheque or savings buttons on the point-of-sale terminal.

Eftpos: electronic funds transfer at point of sale.

Retail series: includes the core retail series plus the motor vehicles and fuel industry groups. See Data quality for detailed industry descriptions.

Share of spending by electronic card transactions: proportion of total spending that debit and credit card spending makes up. This figure can be approximated by dividing the value of retail electronic card transactions (excluding GST) by total retail sales, as estimated from the Retail Trade Survey.

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