A new study shows that debit card use is growing significantly in North America, outstripping average credit card use. Research from the Federal Reserve's "Payments Study 2016" found that 69.5 billion transactions were conducted on debit cards in 2015, compared to 33.8 billion on credit cards. Previous data has also shown that many consumers are using debit card payments for small transactions, even those below $5.
For many households concerned about their personal finances, using debit cards instead of being drawn in by attractive credit card offers can be a good choice. Transaction value remains highest on credit cards, however, with people choosing this for larger items. For example, while $2.6 trillion was spent in 2015 on ...
from MoneyTips http://www.moneytips.com/debit-card-usage-increasing/135
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