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Debit card use is skyrocketing. More customers are discovering the convenience while more merchants are discovering the potential savings over alternative payment methods! Flexibility, security, and convenience are crucial in payment processing, and debit cards are no exception.
Give your customers the ability to use debit cards, and you gain the benefit of a payment option that offers simplicity, a high level of security, and could mean savings to you, the merchant!
Direct access to all major debit network Provides the best on-line point-of-sale debit applications Accept credit and debit/check cards All terminal applications supported Debit security and fraud prevention Debit card funds availability authorization Customer's signature not required The PIN is the identification with Debit Cards
Visa survey: Consumers seek better ways to watch spending:
DURING THE FIRST SIX months of 2002, there were 3.04 billion Visa debit card transactions compared to 2.96 billion credit card transactions, credit card association Visa said Monday. Credit card transactions still have a higher combined dollar value as they tend to be used to purchase bigger ticket items.
Visa debit cards are issued by banks and allow consumers to pay for products by directly deducting money from their checking accounts as opposed to credit cards which loan money on interest.
Visa said that 60 percent of those surveyed used check cards so they could carry less cash, and 70 percent said using a debit card gave them a better sense of where they spend their money.
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