Growth of Debit-Card Use Outpaces Credit Cards

December 2007
Bank Technology News;Dec2007, Vol. 20 Issue 12, p18
Trade Publication
The article focuses on the report conducted by the TowerGroup which shows that debit-credit usage attains strong growth in the U.S. Such report reveals that TowerGroup's estimation for the growth of debit-credit usage will reach $180 billion in 2008 and $30 billion for 2007. Further, such growth in the debit cards promotes competition and new opportunity in the market.


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