Book Description
This digital document is an article from ABA Banking Journal, published by Simmons-Boardman Publishing Corporation on November 1, 2002. The length of the article is 2229 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation Details
Title: Debit on trial: debit cards are finally taking off in a big way, but the Wal-Mart mega lawsuit is threatening to bankrupt the system. (Cover Story).(Cover Story)
Author: James R. Peterson
Publication: ABA Banking Journal (Refereed)
Date: November 1, 2002
Publisher: Simmons-Boardman Publishing Corporation
Volume: 94 Issue: 11 Page: 31(4)Article Type: Cover StoryDistributed by Thompson Gale
Excerpt. © Reprinted by permission. All rights reserved.
Visa recently announced that its debit card transactions now exceed Visa credit card transactions in the U.S. There were 3.04 billion Visa check card transactions in the first two quarters of 2002, compared with 2.96 billion credit card transactions, despite the fact that the number of credit cards exceeds the number of debit cards in circulation. Meanwhile, MasterCard's signature-based debit volume rose 22% during the first half of the year.
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