Daily Archives: May 22, 2009

Debit cards leave credit cards in the rearview mirror

by Hans Eisenbeis WHAT’S HAPPENING For the first time in the history of the company, Visa says use of its debit cards exceeded use of credit cards in the fourth quarter of 2008 in terms of total volume (PaymentsNews.com 5.4.09). Cardholders spent $206 billion of their own money through debit, versus $203 billion on credit. […]

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