The Debit Card Market

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

Today:
  • 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.