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HOLIDAY DEBIT CARD POPULARITY

Wednesday, November 20, 2002 1:00 PM
Careers/Money
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RADIO ADVISORY--(NEWS BROADCAST NETWORK via COLLEGIATE PRESSWIRE)--Nov 20, 2002--THIS HOLIDAY SEASON, SHOPPERS HAVE A NEW ANSWER WHEN THE CASHIER ASKS: WILL THAT BE CASH OR CREDIT? THEY WILL INSTEAD REACH FOR THEIR DEBIT CARD. THERE ARE MILLIONS OF BRANDED DEBIT CARDS CURRENTLY IN CIRCULATION ACROSS THE U.S. - AND RICK LYONS, A SENIOR VICE PRESIDENT AT MASTERCARD INTERNATIONAL, SAYS OVERALL DEBIT CARD USE IS INCREASING AT A HEALTHY DOUBLE DIGIT RATE:

“Convenience, control, and security are a few of the many reasons consumers have embraced debit cards. During the holiday season, debit MasterCard card-holders will benefit from easy access to their money at more than 28-million locations worldwide. There’s just no need to carry cash or checks anymore!”

MILLIONS OF DEBIT TRANSACTIONS ARE CURRENTLY PROCESSED EACH DAY, AND THAT NUMBER IS EXPECTED TO RISE SIGNIFICANTLY DURING THE HOLIDAY SHOPPING SEASON.


Source: News Broadcast Network

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