There’s a pretty good chance the last time you paid for something, you did it with a debit card.
Debit cards were the No. 1 payment method Americans used in 2016, the most recent year for which data was available, according to a report released this week by The Nilson Report, a company that analyzes the card and mobile payments industry. It analyzed data from the U.S. Bureau of Economic Analysis.
Consumers made nearly 68 billion transactions on debit cards in 2016, The Nilson Report found, followed by cash with nearly 49 billion transactions and credit cards with about 34.6 billion transactions.