The Nilson Report, a noted payments industry newsletter, reported Nov. 11 that debit cards lost purchase volume and transaction ground to credit cards in 2012.
This seemingly small shift, if accurately calculated, would reverse a 20-year trend which has seen debit cards take purchase volume and transactions away from credit cards, along with checks and cash.
The Carpinteria, Calif.-based firm did not cite the source for the data.
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