Debit card RSS

The Durbin Amendment may not be reducing merchants’ debit card acceptance costs to the degree its supporters had hoped, and it has not encouraged many retailers to pass savings on to consumers, according to a new Economic Quarterly study. Since the Federal Reserve’s enactment of Durbin in 2011, only 8% of the polled merchants said [...]

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US credit card use appears to be growing faster than debit card use, according to a new Federal Reserve Bank of Philadelphia report. The report shows between 2007 and 2012, credit cards’ share of payments increased 5% at gas stations and grocery stores, and 2% at discount stores. “The larger share gains by credit cards [...]

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The Danish Bitcoin outfit CCEDK has announced that it is coming out with its own Bitcoin debit card. In addition to strictly storing the funds as Bitcoin or USD, the user will have the option to store their money as BitShares, which would be pegged to the value of the dollar or another major currency. This [...]

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Debit card transaction values increased from $274.9 billion in 2010 to $315.3 billion in 2014, at a CAGR of 4.90%; while, the credit card transaction values recorded a CAGR of 4.00%, increasing from $179.6 billion to $196.9 billion during the same period. Some of this changing preference away from credit card use can be explained [...]

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