Deciphering Debit Card Processing

It is no secret that debit cards are a popular method for paying for goods and services. Customers use their bank ATM cards and check cards to pay for everything from a pack of gum at a gas station to monthly utility bills.

Debit card payments may soon take over credit card transactions! There were 507 million total debit cards in circulation in U.S. at the end of 2009. Debit payment transactions rose 17.1% to 6.38 billion, according to Visa and MasterCard.