Payments News from Glenbrook Partners
Glenbrook   Book   Education   Views   Archives   Store   Advertise   About         SUBSCRIBE:

Credit Card Firms Go For Small Payments

Robin Sidel reports for the Wall St. Journal on how credit card issuers are now pursuing the market for smaller payments less than $5.

Many small transactions still are cash-based, making card companies salivate at the prospect of turning those payments into plastic. The market for transactions valued at less than $5 accounted for $1.32 trillion in consumer spending in 2003, representing more than 400 billion transactions, according to research by TowerGroup, a unit of MasterCard International Inc. By comparison, Visa processes a total of about $2 trillion of global transactions each year.

Add your comment... (note that all comments are reviewed before they're published)

Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.


TrackBack URL for this entry:

Listed below are links to weblogs that reference Credit Card Firms Go For Small Payments: