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Debit Cards Online (12/8/00)
FULL STORY:
Overall debit card use is growing 35% annually but, when it comes to paying
for stuff over the Internet, debit card use is growing more than 100%. VISA
reported today that its cardholders used their check card to purchase more than
$196 million on the Internet between Friday, November 24 through Sunday,
December 3, 2000, representing a 123% increase versus e-commerce spending with
check cards over the same ten-day period last year. VISA says credit card use
over the same period showed a strong increase of 89%. VISA reports that total
e-commerce spending on both credit card and
check cards for the ten-day period amounted to an estimated $846 million,
nearly double last year’s total of $432 million. VISA cards account for more
than half of all e-commerce spending volume. For additional information please
visit VISA at www.visa.com
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