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Debit Cards Thu, Mar 23, 2006 AddThis Social Bookmark Button

By Thomas Redman, CardTrak.com
Credit Card News - Debit Cards

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)
YearVolumeY/YCardsY/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)