Re:The debit card fee driving US banks crazy
by DevX101 on Tuesday January 27, 2015 @05:35PM
(#8956593)
> the estimated $1.4bn worth of card transactions that Americans make annually
This article seems to be off by a factor of 1000 on this number. $1.4 billion in debit card transaction for the U.S. doesn't pass the sanity check ($10 in annual debit transactions per U.S. household??). Source below confirms the number should be 1-2 trillion, not billion.
This article seems to be off by a factor of 1000 on this number. $1.4 billion in debit card transaction for the U.S. doesn't pass the sanity check ($10 in annual debit transactions per U.S. household??). Source below confirms the number should be 1-2 trillion, not billion.
http://www.marketwatch.com/story/us-2013-credit-and-debit-ca...