The 2018 Debit Issuer Study revealed consumer debit with sustained growth in 2017, contributing to improved overall debit performance, while fraud losses per transaction declined for the second consecutive year.
When it comes to mobile payments, the 13th annual survey, commissioned by Houston-based debit/ATM network PULSE, and conducted by Oliver Wyman, a New York City based consulting firm with a large focus on banking and financial services, found that cardholder enrollment in mobile wallets doubled year-over-year while transactions per enrolled card remained flat.
Fifty-nine financial institutions, including credit unions, large and community banks, participated in the study. Together, participants issued approximately 148 million debit cards and represented 42% of the U.S. debit market.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
