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DEBIT CARD The  narrative of debit accounting entry entry tease apart implies that the concept of debit pla account is not new. History of debit card dates bear around 20 long time ago which highlighted the introduction of e-commerce and secondary promoter of fee. 1. The young history of debit card indicates the tog up in the usage of debit cards. History of debit card reflects the assurance of the debit card as a means of making recompensements, becoming increasingly popular. This alternative means of grantment is stepwise gaining ground with each passing year. * While a deferred payment card charges a purchase to your ac cipher for you to pay later, a debit card subtracts the purchase from an account dimension that you have in the bank, generally a give pleasure trip account. The first debit card was issued by Seattles First internal Bank for prefer customers in 1978. It would take another sixer years, however, before bourn e stablished the first nationwide interlocking for debit cards. By 1998, debit card transactions were more(prenominal) common than check transactions. That gap has continued to widen since then. study more:  calculate and Credit Card History | eHow.com http://www.ehow.com/about_6519432_debit-credit-card-history.html#ixzz1xpMekKhf The fancy of come: History of debit card shows that back in 1990, the count of debit cards in circulation was around 19 cardinal.

History of debit card also has it, that the initial years of the debit card era witnessed steep growth and by the year 2006 there were as many as 27.8 jillion debit cards. The accession in the number of debit cardsha ve sharp declined owing to the accompanimen! t that the market is reaching a strength point exactly that has not stopped debit card usage completely. Statistically, history of debit card usage has followed a trend where whiz can expect the debit card usage to scratch by 9.2 billion with the spending might to go up by 400 million. The use of debit card boomed to 28.8 million in 2006 and is expected to reach34.4 million in 2016. History of debit card has shown...If you want to get a full essay, gear up it on our website: OrderEssay.net

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