Debit card usage eclipses credit cards.

• Position: News Briefs

According to a recent study by the American Bankers Association and Dove Consulting, debit card usage eclipsed credit cards for the first time ever last year. A sampling of consumers indicates that, in the first half of 2001, 26 percent of all transactions were conducted with debit cards compared to 21 percent for credit cards. Moreover, debit...