Research Report

The case for lenders to accept debit card payments

There is a strong, growing consumer preference for using debit cards with bill payments, especially among younger generations

The future of biller payments is debit cards

As the billing industry rapidly evolves, debit cards are emerging as the preferred payment method across all generations. Usage is up, especially with younger demographics. ACI’s latest report delves deep into this growing trend to reveal the significant benefits for those looking to expand revenue opportunities.

Key insights from the report:

  • Rising popularity: Debit cards are becoming more popular due to convenience and increased financial control
  • Generational appeal: Young consumers are leading the charge toward debit cards, making it critical for lenders to target this demographic for long-term growth
  • Enhanced security: Reduce the risks associated with cash and checks
  • Operational efficiency: Increase customer satisfaction by offering seamless billing options with preferred payment methods

Download the full report now to explore the benefits debit cards can bring to your payments and fraud prevention strategies.

Download the report

49%

of consumers pay at least one bill with debit cards

25%

of consumers are very likely or extremely likely to use debit cards to pay a bill or loan

52%

of consumers preferred the ease of paying with debit cards

55%

of Gen Z consumers prefer debit cards for making one-time bill payments

Unlock business and customer value

Explore how increased debit card adoption can improve security, reduce administrative burdens, and create more efficient chargeback processes