Debit Cards Thu, Mar 23, 2006
By Thomas Redman, CardTrak.com
Growth in signature debit card volume in the U.S. continued to rebound in 2005, increasing 20% to $823.5 billion. Growth in the number of cards-in-force also picked up last year, growing about 16% to 265.4 million cards. This is the highest rate of growth since 2001. Compared to 2000, signature debit card volume has nearly tripled as the number of cards-in-force has nearly doubled, according to CardData (www.carddata.com).
| VISA & MASTERCARD SIG DEBIT HISTORICAL | ||||
|---|---|---|---|---|
| (b-billions; mm-millions) | ||||
| Year | Volume | Y/Y | Cards | Y/Y |
| 2000: | $301.8b | +37.9% | 135.9mm | +18.2% |
| 2001: | $420.7b | +39.4% | 157.9mm | +16.2% |
| 2002: | $496.4b | +18.0% | 174.9mm | +10.8% |
| 2003: | $576.6b | +16.2% | 199.0mm | +13.8% |
| 2004: | $686.0b | +19.0% | 228.7mm | +14.9% |
| 2005: | $823.5b | +20.0% | 265.4mm | +16.0% |
| Source: CardData (www.carddata.com) | ||||
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