Twitter Facebook LinkedIn Flipboard 0 According to recent data from July, August, and September 2013, there have been major shifts in the use of mobile payments, omni-channel implementation, and consumer spending. While Americans are still taking non-revolving credit loans for mortgages, education, and cars, they have been more frugal when it comes to revolving credit. Consumer credit card debt has seen a significant drop – $3.7 billion in June, $1.8 billion in July, $1 billion in August, and $2 billion in September. Mobile POS proximity payments are also on the rise. From 2011 to 2012, we’ve seen an increase of 283% total (from $640M to $1.4B) and this number is expected to rise another 234% by the end of 2013. By 2017, data analysts predict that mobile payments will reach $90 billion. Although spending has been on the decline, with the holidays around the corner, 41% of small-scale retailers are expecting a stronger 2013 holiday season than in 2012. The folks over at Merchant Warehouse have compiled this data and projections in a handy visual below, that takes a comprehensive look at the current state of payments. Twitter Tweet Facebook Share Email This article was written for Business 2 Community by Kane Pepi.Learn how to publish your content on B2C Author: Kane Pepi <p>Kane Pepi is an experienced financial and cryptocurrency writer with over 2,000+ published articles, guides, and market insights in the public domain. Expert niche subjects include asset valuation and analysis, portfolio management, and the prevention of financial crime. Kane is particularly skilled in explaining complex financial topics in a user-friendlyView full profile ›More by this author:VoIP Basics: Everything Beginners Should Know!Bitcoin Investment, Trading & Mining: The Ultimate Guide for BeginnersIs This a Better Way to Set Your 2020 Goals and Resolutions?