Debit Card Processing

Debit Card Processing

Elite Payment Systems offers debit card processing to boost merchant sales volume and profitability, plus:

  • Check-out time is reduced
  • Debit cards are more convenient than using checks or credit cards
  • No signature is required
  • The customer must enter the correct PIN to access the account
  • Bad checks, credit card charge backs and counterfeit worries are eliminated
Debit Card Processing

Elite Payment Systems offers a unique product that utilizes our direct debit network contracts, enabling a higher level of service to our merchants.

In addition to the sales and security benefits, debit cards are becoming increasingly popular.

Debit Card Fact Sheet

  • Over the last two decades, non-cash payments have more than doubled in volume from 37 billion to 80 billion. (Federal Reserve)

  • Credit and debit cards account for 90 percent of Web-based purchases, which reached $10.5 billion during the 2001 holiday season.
    (Credit Card Management)

  • Debit card use is estimated to grow 287 percent this decade. (Nilson Report)

  • In the first nine months of 2001, debit card transactions rose 26.3 percent from the same period one year ago to 4.8 billion. (ATM & Debit News)

  • Industry analysts expect debit-payment processing to grow 20 percent annually through 2005. (JP Morgan Chase)

  • At the end of 2001, an estimated 153 million debit cards were in use, an increase of 14 percent from 2000. (ATM & Debit News)

  • The number of bank card transactions is estimated to grow 81 percent this decade to more than 17 trillion. (Nilson Report)
 

For more information about our services, please contact us today.
Call:(262)- 679-1124 (Local) or (888)-612-0100 (Toll Free).