Skip to content

Merchant Account Blog

Merchant Account Information

  • Merchant Services
  • Credit Card Merchant Services
  • Accepting Credit Cards
  • Credit Card Processing
  • Credit Card Equipment
  • Mobile Credit Card Processing
  • Credit Card Machine
  • Euro MasterCard Visa (EMV)
    Euro MasterCard Visa (EMV)
  • Credit Card Processing Software
  • Merchant Account Processing

Search

Recent Posts

  • Introducing Clover Mobile Point of Sale
  • New and Innovative Ways of Corresponding with the Clover Social Drop Thought App

Month: August 2006

PIN Debit Transactions on the Rise

First Data Corporation

“First Data Study Re-Confirms Debit as the Fastest Growing Payment Method; Transaction Volume Increases When Choice is Offered”


DENVER, Aug 01, 2006 (BUSINESS WIRE) — Having the option to make payments via PIN or signature debit increases the number of transactions consumers make monthly, according to a recent survey released by First Data Corp. (NYSE:FDC). The STAR(R) Consumer Payments Usage Study, conducted by an independent research firm, found that consumers who use both PIN and signature debit at the point-of-sale (POS) conduct an average of nearly 23 transactions per month versus 14 for those who solely use signature and 10 for those using only PIN.


“By the responses provided in this study, along with other independent research, consumers have made it clear they prefer businesses — from their doctor’s office to the movie theater — to offer a variety of electronic payment options,” said Ron Congemi, senior vice president, Strategic Industry Relations, First Data. “It’s important for retailers to promote consumer choice and for financial institutions to provide consumers with the features and products to meet their preferences. Doing so will help attract new customers, increase revenue and enhance customer retention.”
Continue reading PIN Debit Transactions on the Rise

Posted on August 1, 2006April 13, 2011Categories PIN Pads, Retail Merchant Account1 Comment
Proudly powered by WordPress