The average point of sale transaction shrank last year as more small merchants started accepting cards, a new study shows.

The study, conducted by Faulkner & Gray Inc. for its 1998 Card Industry Directory, was based on information from 73 credit card merchant banks and the 12 banks that First Data Corp. serves. In all, these companies were involved in 6.7 billion point of sale transactions.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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