According to the study, 40% of surveyed Puerto Ricans prefer debit or credit cards for in-person purchases. #NewsismyBusiness
Banco Cooperativo recently launched its new “Zona Card,” a MasterCard debit card exclusive for the “Z” generation — 16 to 25 year-olds — available at participating credit unions. BanCoop also launched a mobile application that will help clients locate credit unions and ATMs affiliated with the Red Coop24 network.
Visa Inc. announced it reached $93 billion in total payments volume for the period ended on September 30, 2012, compared to $89 billion reported last fiscal year during the same period in the Caribbean and Latin American region, resulting from the sustained growth of debit and credit products in the region, particularly in countries such as Argentina, Brazil, Chile, Colombia, Mexico and Peru.
If you’ve gone to a fast-food restaurant lately and noticed a sign announcing a minimum purchase of $10 if paying with a credit card, you should know the policy responds to a federal law passed late last year regulating so-called “swipe fees,” or what merchants must pay debit card companies to process transactions.
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