Tag Archives | credit

Changing Consumer Behavior [Jan 11, 2009]

At Visa, the No. 1 card company, debit spending could surpass credit this year. The profits on debit cards are not as plump since banks do not collect interest on them. Comerica Bank won the right this year to issue debit cards to the estimated 4 million Social Security recipients who do not have bank accounts. In a basic change, debit is becoming the plastic card of choice for the American public.

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