Bank transactions peak


smartpay, pos, check out, contactless, credit cardBoxing Day banking transactions at one of Australia’s big four banks were up by 25 per cent on last year.

The National Australia Bank (NAB) says it processed 4.78 million transactions, at an average rate of 127 a second as shoppers rushed to stores or jumped on the internet for Boxing Day sale bargains.

This year’s figures were nearly one million higher than last Boxing Day, an NAB spokesman said.

“Last Monday, December 23, was the busiest day on the NAB network for the Christmas period, during which the bank processed 8,306,718 transactions at a peak rate of 210 per second.”

On Christmas Eve, volumes peaked at 225 per second, the spokesman said in a statement.


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