The world of payment processing is evolving.

• In less than 15 years, debit card transactions have grown from fewer than 1% of U.S. non-cash payments to over 50% – Tower Group.
• U.S. credit card volumes have grown from 20B transactions in 2000 to 23B in 2007 &ndash Tower Group.
• ACH volumes have grown from 7B transactions in 2000 to over 18B in 2008 – NACHA.
• Total US non-cash payments have increased over 35% in the last 5 years – Federal Reserve.
• While U.S. check volumes are generally declining, the average value of each check is rising – Tower Group.
• Federal Reserve check clearing sites are expected to decline from 45 to 14 by 2011 – Tower Group.