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“Debit cards remain the payment method of choice among U.S. consumers, regardless of whether they are shopping online or in stores, according to recent reports,” notes PYMNTS October Next-Gen Debit Tracker® done in collaboration with PULSE , A Discover Company. Numbers tell the tale. billion in value in Q2 2020, up from the $47.4
In its 2019Debit Issuer Study , PULSE said debit transactions have seen an accelerating growth rate, from 5.3 percent in 2017 to 6.7 percent in 2018, reaching an estimated 68.5 billion transactions.
antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov. The Federal Trade Commission (FTC) is talking to large merchants to discover if some retailers are being blocked from routing digital payments over alternative debitnetworks, sources told Bloomberg.
This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Consumers also show continued interest in debit even as they adopt newer payment instruments, and a 2019 report found that 61 percent of mobile wallet users linked debit cards.
The companies recently announced their collaboration, which will also enable Esker businesses to accept payments via a range of payment rails, including credit and debit cards, as well as direct debitnetworks like ACH and SEPA. SWIFT gpi Touts 2019 Numbers.
Debit has never been more popular with U.S. consumers, who made almost 73 billion non-prepaid debit card transactions in 2018 – and the final 2019 number is bound to be bigger. How those debit payments are routed is the invisible part of the process – and a huge moneymaker. The Finer Points of Routing.
per gallon — more than a dollar short of the average price during the same period in 2019. The volume of grocery purchases made over PULSE’s debitnetwork was 25 percent higher than usual during March 17 to March 24, for example. percent higher than PSCU had seen during the same period in 2019. The CUSO observed a 28.9
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