HOUSTON-The 2009 Debit Issuer Study, commissioned by PULSE, identified several positive trends for financial institution debit card issuers, including sustained debit transaction growth despite the recession.
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This edition of the comprehensive debit card industry study also found use of PIN debit has increased, while fraud loss rates have declined.
Issuers surveyed experienced debit transaction growth of 8% in the second half of 2008, composed of 15% growth in PIN debit transactions and 4% growth in signature debit.
Survey participants predicted 7% growth each for PIN and signature debit in 2009.
For info: www.pulsenetwork.com
