Credit cards account for more than half of all payment cards in the US, report shows
More than 250 million payments made using a mobile wallet app in 2012
Credit cards accounted for 334 million of the 776 million 'general purpose' payment cards used in the US in 2012, compared with 283 million debit cards and 159 million pre-paid cards, according to the 2013 Federal Reserve Payments Study Detailed Report, released last week.
The report also notes that there were more than 250 million mobile payments made using a mobile wallet application, and at least 205 million person-to-person or money transfer payments.
Meanwhile, checks continued to be
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