PYMNTS
DECEMBER 31, 2020
PIN-based debit transactions are some of the most secure, but this payment method is being used less and less, with consumers instead turning to eCommerce and in-person contactless payments during the pandemic. Security challenges are mounting, too. The Face of Fraud. Not all CP purchases are equally safe, however.
PYMNTS
OCTOBER 14, 2020
“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. Touchless Debit, Meet Cybercrooks. Numbers tell the tale.
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PYMNTS
NOVEMBER 14, 2019
Dick Durbin — limits what can be collected for debit transactions. roughly five years ago, they carried so-called application identifiers, or AIDs, which allow merchants to route debit transactions to their preferred network,” according to the Bloomberg report. When chip cards began arriving in the U.S. 1, 2004 and Jan.
PYMNTS
MARCH 19, 2019
In addition, the number of people making mobile payments in stores is on the move in Vietnam and more than four in 10 credit and debit transactions were processed through contactless technology in the United Kingdom last year. Coverage includes Xiaomi’s unveiling of its Mi Pay mobile payment service in India.
PYMNTS
JANUARY 21, 2021
Debit-related fraud is a particular concern for businesses and banks as failing to thwart such schemes could have significant and costly consequences. Ensuring that robust fraud protections are in place to safeguard debit transactions is thus growing increasingly important for businesses, financial institutions (FIs) and issuers.
PYMNTS
MARCH 12, 2020
The conversation took place against a backdrop where, as reported in the Next-Gen Debit Tracker , non-cash payments have been rising 6 percent a year, and where payroll cards and debit transactions are gaining ground. This is huge in terms of employee retention,” she told PYMNTS of the ability to get paid the same day.
PYMNTS
JANUARY 30, 2020
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.
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