Statistics, Facts & Such
An electronic cash register, including point-of-sale software, computer, electronic cash drawer, dot matrix printer, customer display, touchscreen monitor and a bar-code reader will cost about $4,050.
As of June 1, 1996, there are 497 million Visa cards, 300 million MasterCards, and 37.8 million American Express cards in use, according to a Visa official.
A Visa expert reports Visa users spent $16.8 billion in restaurants in 1995, while American Express users spent $17 billion eating out.
Police officials estimate that household crime costs society an average of $19 billion a year.
Visa International and MasterCard International said they received 3,000 comments from 76 countries on the draft posted on Internet's World Wide Web regarding Secure Electronic Transactions (SET) protocol for card payments over the Internet.
American Express says it has 4.5 million cards in Europe, 11% of which are in France.
Banks in Finland say that 'plastic money' (plastic cards) could cut the number of coins in circulation by half in three years.
In the United States, 56% of banking transactions were done at branches in 1995, according to a study done by the ABA and the accounting firm Ernst & Young. 28% were done at an ATM, 10% by telephone, 5% by "other" means- including mail, and 1% online.
Sheshunoff Information Service Inc. reports there were 589 savings banks and 9,823 commercial banks in operation during the first quarter of 1996, and that 97% of them were profitable.
Copyright © 1996 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 6, No. 9, 7/96
First published on 07/01/1996