Statistics, Facts & Such

Credit Card companies estimate they lost approximately $1.3 billion to fraud in 1995.

The amended National Flood Insurance Reform Act of 1994 affects 11,792 banking institutions and 700 credit unions.

The FDIC recently cut 173 pages of regulations concerning bank sales of securities-reducing them to five.

MarketResearch says there are now 34 million computer owners in the United States. America OnLine (AOL) says they have more than six million subscribers. First Chicago, 8th largest bank in the U.S. was AOL's first bank site.

In 1995, Visa led the credit card industry in world-wide card spending with 47.4% of the business; MasterCard had 26.6%; and American Express' share was 18.4%

There was at least one woman on the board of directors in 84% of banks in 1995, according to a survey of 67 of the largest U.S. banking companies. In 1994, 75% of banks had women on boards.

66% of 200 college students surveyed by VISA say that between the years 2014 and 2025 cash will be replaced by electronic money.

76% of the students questioned said they'd like to buy concert and sporting event tickets through the ATM. 78% want to buy stamps there, but only 19% opted to buy bonds.

The highest customer satisfaction ranked credit card, according to the J.D. Power survey, is AT&T Universal. Second ranked is Wachovia Bank, third is Optima, and fourth is Citibank.

According to VISA, consumers spent $7.5 billion through credit card transactions in supermarkets in 1995.

Copyright © 1996 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 6, No. 11, 9/96