Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FREDERICK, Md. – The growth in sales volume on debit cards which cardholders validate with their signatures outpaced that of credit cards in the first quarter of 2006 in year over year figures, according to Cardweb.com, a Web site which tracks card trends. According to the site, signature debit transaction dollar volume rose 19% in the first quarter of 2006 over the first quarter of 2005 while credit card dollar volume rose only 12% in both Visa and MasterCard. The site reported that over the past five years, signature debit card purchase volume in the U.S. during the first quarter has more than doubled rising 114% while purchase dollar volume in credit cards has increased 46% for the same period. During the first quarter Visa and MasterCard posted $149.6 billion in debit card purchase volume versus $285.2 billion in credit card PDV, according to CardData.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.