From 2006 to 2009, credit card payment volume declined by 3%. From 2009 to 2012, it grew by 25%. Prepaid debit card volume, which increased by 228% from ’06 to ’09, grew 48% from ’09 to ’12.

Two things are happening there: 1) Consumers discovered prepaid debit cards, and 2) Gen Yers rediscovered credit cards.

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