Debit Cards: Join the Evolution!

In 2003, electronic transactions not only exceeded check payments for the first time, they exceeded cash payments. Debit cards have even outgrown their older brothers – credit cards -- as consumers try to put the brakes on their spending. In today’s world of instant transactions, the need for secure, quality products and services is exploding.

EDP is a pioneer in the online financial industry that has grown to become the largest online marketers of debit cards. Their Visa and MasterCard programs are accepted worldwide. Their proprietary customer management system allows them to exceed most security and privacy requirements.

EDP Technologies Corporation is uniquely positioned and prepared for this dynamic growth with a scaleable array of financial services and solutions.

Debit Card Features

What’s Driving Card Growth?

Program Types

The Debit Card Market

Last Year: Americans used their debit and credit cards to spend over $2.4 trillion.

• Two thirds of consumers use debit cards.
• By 2007, the stored value card industry is expected to take off totaling about $244 billion in revenue.
• As many as 22 million households have no banking relationship. Millions more have a bank account but continue to use alternative providers to meet many of their financial needs.
• Nearly two thirds of all U.S. employees have their pay deposited directly into their bank accounts.
• More than four in five Social Security recipients have their benefits directly deposited.