Transaction volumes in every major  electronic banking channel—ATM,  call center, wireless and online—are  expected to increase in 2005.$_{1}$ Debit card volume in 2007 is  expected to double 2002 totals.$_{2}$  Card purchasing volume makes  up 66 percent of the total  purchase volume worldwide.$_{3}$ Visa debit card spending now exceeds  credit card spending as debit transaction  volumes continue to grow worldwide.$_{4}$ U.S. credit and debit transactions are  expected to total over 62 billion in 2008, a  54 percent increase over 2003 volumes.$_{5 }$ Electronic payments have surpassed cash  and checks in the U.S. as over half of  in-store payments were made using credit  and debit cards in 2003.$_{6}$ Merchant use of commercial fraud screening  solutions grew 55 percent in 2004.$_{7}$ 8818_Fnl.indd 2 1/10/05 5:44:44 PM Sources: 1. TowerGroup 2. American Bankers Association 3. Visa 4. American Banker 5. The Nilson Report; Sep. 2004 6. American Bankers Association and Dove Consulting 7. Sixth Annual CyberSource Fraud Survey