Card-present restaurant spending offers early warning system for virus spread


After analysing spending by 30 million US Chase credit and debit cardholders in conjunction with coronavirus case data from Johns Hopkins University, JP Morgan found that the level of card-present spending in restaurants can predict where the virus will spread a few weeks later. The study also found a correlation between increased spending in supermarkets with increased social distancing and therefore a slower viral spread.
Writer: Anne Sraders
Publication: Fortune