The rate of deployment of point of sale terminals that accept debit cards will far outstrip new automated teller machine installations over the next four years, a Cleveland-based analyst projects.

The prediction, by Freedonia Group Inc., supports assertions by electronic banking executives that debit point of sale - in which a consumer makes retail purchases using an ATM card - will soon be a lucrative source of revenue for financial institutions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.