Consumer Preference for PIN Debit
The combination of yesterday's announcement of the UK Northampton chip and PIN trial coupled with Star's latest consumer survey results got me exploring a bit this morning. A Google search on "consumer preference for PIN debit" turns up some interesting results including the top item - a presentation by Star System on last year's survey results and results from a similar survey also done in 2002 by Paymentech. Bottom line: these surveys say that US consumers express a clear preference for PIN over signature primarily because they perceive it as faster.
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