Use of debit cards has grown 24 percent a year over last few years, says federal reserve report

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The large increase in debit card use, including ATM withdrawals and purchases, is creating some discussion on transaction terms between lenders and retailers. The 24 percent increase between 2000 and 2003 in debit cards is in sharp contrast to the only 7 percent increase during the same timeframe seen in credit cards. The dollar amount of retail debit card transactions was also up, last year hitting $4.5 million, up 16 percent from the previous year.

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About the author: Mike Adams is a natural health researcher and author with a passion for sharing empowering information to help improve personal and planetary health He has authored and published thousands of articles, interviews, consumers guides, and books on topics like health and the environment, impacting the lives of millions of readers around the world who are experiencing phenomenal health benefits from reading his articles. Adams is a trusted, independent journalist who receives no money or promotional fees whatsoever to write about other companies' products. In 2007, Adams launched EcoLEDs, a maker of super bright LED light bulbs that are 1000% more energy efficient than incandescent lights. He also founded an environmentally-friendly online retailer called BetterLifeGoods.com that uses retail profits to help support consumer advocacy programs. He's also a noted pioneer in the email marketing software industry, having been the first to launch an HTML email newsletter technology that has grown to become a standard in the industry. Adams volunteers his time to serve as the executive director of the Consumer Wellness Center, a 501(c)3 non-profit organization, and pursues hobbies such as Pilates, Capoeira, nature macrophotography and organic gardening. Known by his callsign, the 'Health Ranger,' Adams posts his missions statements, health statistics and health photos at www.HealthRanger.org


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Related Articles: • Is the Federal Reserve Engaged in Acts of Economic Warfare Against America? • What You Can Do to End the Tyranny of the Federal Reserve • Americans in Jeopardy From Financial System Rescue Plan	Take Action: Support NaturalNews.com Email this article to a friend Share this article on: NewsVine | digg | del.icio.us Permalink to this article: http://www.NaturalNews.com/006521_debit_cards_Federal_Reserve_credit_card.html Reprinting this article: Non-commercial use OK, cite NaturalNews.com with clickable link. Embed article link: (copy HTML code below): <a href = "http://www.NaturalNews.com/006521_debit_cards_Federal_Reserve_credit_card.html">Use of debit cards has grown 24 percent a year over last few years, says federal reserve report</a>