Although the economics of debit may once again shift, debit cards continue to be the preferred payment type for everyday purchases, with credit being a close second according to the TSYS 2013 Consumer Payment Choice Study. Nearly half of respondents preferred debit as their overall payment type; 35% preferred credit.
Here are some of the study’s key findings:
Payment preferences vary by type of merchant and location, with credit being the preferred payment type (41%) for online purchases
Consumers are actively using their mobile....