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Credit Union Plastic Cards Are Likely Seeing Fast Food Action

ARLINGTON, Va. - Americans used their debit and credit cards to purchase fast food in so-called "quick serve" restaurants 57% more in the first three months of 2005 over the first three months of 2004, according to CardWeb.com, a site on the internet which tracks credit card trends. Over the...

By Staff Writer | Updated on June 07, 2005

ARLINGTON, Va. – Americans used their debit and credit cards to purchase fast food in so-called “quick serve” restaurants 57% more in the first three months of 2005 over the first three months of 2004, according to CardWeb.com, a site on the internet which tracks credit card trends. Over the last year the acceptance of cards for quick and easy purchases at quick service restaurants and convenience stores has steadily grown as both card companies and fast food chains such as Burger King and McDonalds have launched pilot programs to advance the use of cards. At the current rate of use, CardWeb.com forecast that American’s would put $30 billion of their fast food purchases, or about 20% of the entire quick service restaurant market, on their credit and or debit cards. 0

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