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Debit card transactions returned to strong growth in the U.S. in 2017
Mercator Advisory Group releases third annual review of the market dynamics in the U.S. debit industry
Published on: July 19, 2018 Author: Sarah Grotta Alternate Point of Contact: Amy Dunckelmann
“Debit card growth resulted in part from consumers turning away from using credit cards for transactions as higher delinquencies and higher interest rates led many to use debit cards instead. Higher costs for everyday items often purchased using a debit card played a role in the growth of the value of debit transactions. Behind the good growth news, debit issuers are contending with near-term concerns including shifting fraud tactics and long term, debit’s role in digital channels and faster payment products as they evolve,” comments Sarah Grotta, Director, Debit and Alternative Products Advisory Service at Mercator Advisory Group and author of the report.
This report has 20 pages and 13 exhibits.
Companies mentioned in this report include: Accel, Early Warning, FICO, EMVCo, Exxon, GasBuddy, Mastercard, NYCE, Pulse, Shazam, Star, Target, The Clearinghouse and Visa.
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