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Interest Worth Checking: The Debit Card, Whose Acceptance Has Lagged Expectations, Is Suddenly...

By Freeman, Lisa
Publication: Credit Union Journal
Date: Monday, April 1 2002

How much is debit card usage growing? Debit cards are poised to surpass the almighty credit card in number of transactions (debit still trails in dollar volume), and are rapidly displacing checks and other payment systems while heralding an end to the humble ATM card, according to industry observers.

Why is that important to credit unions? Debit cards, analysts stressed to The Credit Union Journal, can become a viable source of income.

"I really think debit is clearly replacing cash and checks for purchases at places like grocery stores and gas stations, but

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Analyst Predicts Significant Competition In Debit Cards.

DALLAS -- Expect to see debit card promotions becoming almost as aggressive as their credit card counterparts, predicts one cards expert. "Debit promotions in general ......

In The Cards: Members Group Helping Convert ATM To Debit.

DES MOINES -- Citing the growth in debit volume, The Members Group here said it is working with client CUs to convert their ATM cards ......

Debit Card Rewards Program Stresses Lower Price Point.(CO-OP Financial...

ONTARIO, Calif. -- CO-OP Financial Services has just rolled out a reward program for debit cards designed to allow credit unions to generate deposits and ......

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In The Cards.(Texas Credit Union League has designated TNB Card...

TCUL Endorses TNB Card Services DALLAS-The Texas Credit Union League has designated TNB Card Services as its endorsed debit card processing provider for TCUL's 600-plus ......

Authorities Tracking Scammers Who Captured Debit Cards, PINs.

SACRAMENTO, Calif. -- U.S. and international authorities last week were tracking an international debit card ring that has apparently gained access to customer databases at ......

Product & Service.(Credit Unions conferences, meetings)

CSCU Sponsors Debit Card Forum CHICAGO-Approximately 75 credit union CEOs and others responsible for deibt cards attended the Debit Card Symposium here, sponsored by CSCU....

Paper, Plastic Or More Plastic: Debit Cards Continue To Gain Ground...

A credit union member has four basic payment choices-cash, credit card, debit card and check. But how does that member decide what to pull out ......

Feds Track Source Of Massive Cards Breach.(United States. Secret...

LEOMINISTER, Mass. -- Authorities last week discovered what they believe are the sources of the broadening breach of debit card data but were still trying ......

ON DEADLINE.(brief items)

Lawmakers Probe Need For Additional Capital WASHINGTON-The credit union lobby continues to press its case for alternative capital powers even though a provision allowing credit ......

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