The Green Sheet Online Edition
June 6, 2009 • 09:06:01
Acquiring by the numbers
Worldwide bank revenues from payments, as estimated by McKinsey & Co.
MasterCard Worldwide's reported revenues for 2008
Total value of credit and debit transactions reported by Visa Inc. for 2008
Approximate number of Americans considered to be "underserved" by the banking industry, according to Green Dot Corp.
Share of people using check-cashing services who are also bank customers, as estimated by Aite Group LLC
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
Net societal cost of purchasing those same groceries with cash (Review of Network Economics)
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
Cost to the U.S. government of issuing a payment by Direct Deposit (FMS)
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
Total bankcard interchange the retailing giant Wal-Mart Stores Inc. reported paying in 2008
Increase in cost of card acceptance Home Depot U.S.A. Inc. said it has experienced since 2002
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
Share of U.S. consumers who said they make the majority of their purchases using debit cards (signature and PIN), according to Cardlytics Inc.
Active PayPal Inc. users worldwide, according to PayPal
Total value of payments PayPal expects to facilitate in 2009
Whether you want to upgrade your POS offerings, find a payment gateway partner, bone up on fintech regs or PCI requirements, find an upcoming trade show, read about faster payments, or discover the latest innovations in merchant acquiring, The Green Sheet is the resource for you. Since 1983, we've helped empower and connect payments professionals, starting with the merchant level salespeople who bring tailored payment acceptance and digital commerce tools, along with a host of other business services to merchants across the globe. The Green Sheet Inc. is also a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals.
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