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Making debit grow. (debit card usage)

By Murphy, Patricia A.
Publication: US Banker
Date: Thursday, February 1 1996

Consumers are beginning to embrace debit cards, but discord between some regional ATM networks and the major transaction card associations, Visa International and MasterCard International, over fee structures could be hindering the debit card market's growth. The ATM networks are promoting online cards, which instantly debit users' checking accounts, while Visa and MasterCard are offering, in addition to online cards, offline cards, which debit accounts following a two-day settlement period.

The growth in debit card usage is far less than what many bankers predicted. It seems that

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