article thumbnail

Visa Logs 700M Visa Direct Transactions, Contactless Payments Surge

PYMNTS

Drilling down into the payments volume, and as shown in supplemental materials from the company, total credit transaction volumes were $1.3 The total transaction count was up 10 percent to 54.8 International transaction revenues were up 9 percent to $2 trillion. billion transactions.

article thumbnail

PayPal Lowers Installment Credit Threshold To $30 – $99 Purchases

PYMNTS

What PayPal Credit learned from talking to their customers and merchants — and looking at their spend data — is that those minimum spend floors are often too high for their customers, PayPal’s U.S. Vice President of Consumer Credit Susan Schmidt told PYMNTS. And so far, merchant response has been overwhelmingly positive.”.

PayPal 61
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

PSCU: Owner CUs Saw Rising Debit, Credit Sales Volumes Over The Holidays

PYMNTS

PSCU’s Data & Analytics and Advisors Plus workforces collected and examined information from credit unions that harnessed PSCU for credit and/or debit processing during the 2020 and 2019 holiday seasons to calculate the 2020 holiday data. Debit contactless transactions expanded to 17.1

Volume 62
article thumbnail

PSCU: Debit Card Spend Growth Above Historic Levels

PYMNTS

Credit union service organization (CUSO) PSCU compared the 19 th week of 2020, which concluded on May 10, to the same timeframe in 2019 to discover the impact of the pandemic on consumer spending and shopping trends. percent year over year, and the volume of overall debit transactions grew for the sixth consecutive week.

article thumbnail

What are Merchant Accounts and How Do They Work?

Stax

This type of merchant account can manage debit and credit transactions at a POS (point of sale) as well as card-not-present transactions. Because physical store locations may be required to process high sales volumes, retail accounts are capable of quick credit card processing.