A Debit Question

What is the current percentage of offline debit vs. credit cards today?
- adam12gil

adam12gil:

In the December 2004 GSQ, (Vol. 7, No. 4), "The Charge for the Lead," we took an in-depth look at the state of the payments industry, which includes growth in debit card payments. The issue (and all others dating back to 1999) is available on GS Online: www.greensheet.com/gsq/Secured-/gsqissues.html

Another great source is "The 2004 Federal Reserve Payments Study," an analysis of non-cash payment trends in the United States, 2000 - 2003. The Fed published the report in December 2004. Download a free copy on: www.frbservices.org/Retail/pdf/2004PaymentResearchReport.pdf

Editor

Any Advice for a Newbie?

I just became an ISO. I need to learn some basics on the industry. What books or materials would anyone recommend?
- smbeddard

smbeddard:

A good place to start is the Industry FAQs section of the MLS Portal on GS Online at: www.greensheet.com/mlsportal/industryfaq.html

In this section of our Web site, we address the following topics and others:

• Getting started in the industry
  
• Choosing an ISO
  
• Card acquiring
  
• Visa and MasterCard registration regulations
  
• Equipment
  
• Risk management

Editor