Statistics, Facts & Such

50% of 800 ATM users surveyed by Mentis Corp in Maryland said they would be willing to pay for services at the ATM such as statement printing, buying stamps, cashing checks, ordering checks, and getting account information.

A 1992 AccounTemps study showed that executives spend 4.3 hours a week looking for items that were mislabeled, misfiled, or misplaced.

Visa and MasterCard credit card and debit card sales on "Black Friday" in 1994 broke all previous records for that date with sales of over $1,726,000,000 ($1 billion, $726 million)-up about 18% over the Friday after Thanksgiving in 1993.

In the first half of 1993, over 50% of all commercial and industrial loans of under $1 million were made by financial institutions with less than $1 billion in assets.

83% of consumers say the best way to pay monthly bills is by check, according to a Gallup survey.

Results of a study in October, 1994 by the Gallup organization showed that when buying groceries, 47% of shoppers preferred to pay by check; 45% by cash; 4% by credit cards; and 3% by debit cards.

The banking industry processes 60 billion checks a year, according to the American Bankers Association.

A new study by Arthur Andersen and Andersen Consulting concludes there are now about 100,000 bank, thrift and credit union branches in the United States.

Copyright © 1995 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 5, No. 6, 2/95