For the first time in Visa’s history debit card use surpassed Credit Cards in the fourth quarter 2008. U.S. debit card volume was $206 billion, versus a credit card volume of . . .
You may be wondering, “Is my credit card terminal compliant?” Compliance referring to the Payment Card Industry (PCI) standards. The short answer is “probably”. An area of focus on in PIN (Personal Identification Number) entry and it’s encrypted security from the point of sale through the approval process.
Before you spend hundreds of dollars replacing you credit card terminal, find out if your terminal and PIN pad are compliant.
PIN debit makes cost-effective sense for the merchant, as well as safety, speed and security for the consumer. Why do banks want you to swipe?