Debit usage remains strong despite downturn



Debit card usage in the US is expected to continue to grow strongly this year with improved merchant acceptance helping to drive low value transactions.

A survey of issuing institutions sponsored by PULSE, an ATM and debit network owned by Discover Financial Services, showed debit transaction volume had increased 10 percent.



The use of PIN debit grew 13 percent with an average ticket size of $41
.

Signature debit transactions increased nine percent with an average transaction value of $35.



Read More at VRL News

Posted by John B. Frank Tuesday, July 6, 2010

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