40 Billion Debit Transactions by 2010...Doubling that of 2005

Posted by John B. Frank Wednesday, October 8, 2008

It's estimated that by 2010, a whopping 40 billion consumer transactions will be completed using debit cards - that's double the number from 2005.

Recognizing that explosive growth, banks are working hard to make money off these transactions. (Translation: Banks are working hard to devise sneaky, underhanded, non-ethical but legal ways to make money off these transactions) Thus, it's up to consumers to watch out for wayward fees that can make using a debit card an expensive proposition. 5 secrets to smart debit card use

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