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PIN Debit on the Internet will spell the demise of Signature Debit

August 10, 2009

Analysis of:Debit Cards in Use to Reach 5.2 Billion By 2012, According to New Report by Global Industry Analysts, Inc. | www.prweb.com

Signature debit remains a payments alternative only because there still is no PIN debit product on the Internet. Also playing into the picture is that Issuers prefer Signature Debit due to higher Interchange rates. On the otherhand, merchants, acquirers, and consumers are in favor of PIN Debit.

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