The Green Sheet Online Edition
June 08, 2009 • Issue 09:06:01
ISOMetrics
Acquiring by the numbers
$900 billion
Worldwide bank revenues from payments, as estimated by McKinsey & Co.
$5 billion
MasterCard Worldwide's reported revenues for 2008
$2.043 trillion
Total value of credit and debit transactions reported by Visa Inc. for 2008
80 million
Approximate number of Americans considered to be "underserved" by the banking industry, according to Green Dot Corp.
28 percent
Share of people using check-cashing services who are also bank customers, as estimated by Aite Group LLC
$0.72
Net "societal cost" of paying a $54.24 grocery tab by credit card, according to a study published in the Review of Network Economics, Vol. 5, Issue 2
$1.11
Net societal cost of purchasing those same groceries with cash (Review of Network Economics)
$1.03
Cost to the U.S. government to issue a check payment, according to the Financial Management Service of the U.S. Department of the Treasury
$0.105
Cost to the U.S. government of issuing a payment by Direct Deposit (FMS)
$433 million
Estimated total of merchant discount fees paid by the U.S. government on a total of $27 billion in collections during fiscal year 2007, according to the General Accountability Office
$1 billion
Total bankcard interchange the retailing giant Wal-Mart Stores Inc. reported paying in 2008
16 percent
Increase in cost of card acceptance Home Depot U.S.A. Inc. said it has experienced since 2002
18 percent
Share of corporations hit by payment fraud in 2008 that were victims of frauds involving consumer credit or debit cards, according to a survey by the Association for Financial Professionals
70 percent
Share of U.S. consumers who said they make the majority of their purchases using debit cards (signature and PIN), according to Cardlytics Inc.
73.1 million
Active PayPal Inc. users worldwide, according to PayPal
$80 billion
Total value of payments PayPal expects to facilitate in 2009
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