Debit and New Payment Types Starting to Takeover
by Mark H. Goldstein | CEO
No surprise that the real growth in payment types is in the debit and prepaid side of banking. Credit cards are increasingly feeling like ‘an old man’s product’ as the youth continue to use the debit card they were given at college, etc. The unbanked, non-resident population, and perhaps those with a blemished credit history, are seemingly gravitating toward some type of debit vehicle. The non-stop coverage this summer on excess credit card debt surely doesn’t help the marketing efforts for new credit cards either.
Read today’s article from Retail Wire.
