Hispanics Increase Use of Debit Cards

MasterCard International has released a survey showing that Hispanics prefer to make payments with debit cards rather than cash or checks. Their preference appears to reflect convenience, safety and widespread acceptability. Over the past two years, Hispanics have increased their use of debit cards by 41 percent. Over the same period, their use of checks rose 11 percent and use of cash declined by 22 percent. Also, advertising focused on Hispanics has a pronounced effect on their choice of financial institutions.