PYMNTS

OCTOBER 7, 2020

The second is transaction timing, which can make sure that the customer actually has sufficient funds in their account at the time of payment authorization. Routing a transaction through a different network — for example a PIN-less debit network — can in certain situations lead to a higher approval rate.

Transactions 103

Transactions Issuers Card Issuer Authorization 103

PYMNTS

FEBRUARY 25, 2020

Others, meanwhile, have turned their attention to the accounts receivable end of a B2B transaction. Below, PYMNTS explores the latest initiatives to improve existing payment networks for better corporate payments. Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools.

Cross-Border Payments 56

Cross-Border Payments Cross-Border SWIFT Debit Network 56

The Fintech Times

AUGUST 12, 2024

Commissioned by Discover® Financial Services’ PULSE debit network and conducted by Banking & Payments Group , the study gauged insights from large banks, credit unions and community banks. On average, active debit cardholders completed 34.6 point-of-sale (POS) transactions, two account-to-account transfers, and 1.9

Debit Card 64

Debit Card Consumer Debit Transaction Point-of-Sale (POS) 64

PYMNTS

OCTOBER 19, 2017

announced news of a partnership with domestic Australian debit network eftpos. The collaboration will allow eftpos to support Apple Pay through its issued debit cards. Rambus’ TSP technology replaces traditional account numbers used by plastic cards with alternative identifiers called payment tokens. On Tuesday (Oct.

Debit Card 46

Debit Card Debit Network Payer EMV 46

PYMNTS

JANUARY 30, 2020

The data of 4 million breached debit and credit cards was even posted for sale in late 2019, stolen from four restaurant chains between April and September 2019, and recently made available for purchase on Joker’s Stash, an online black market. Card issuers, networks and retailers all must play a part in defending against such breaches.

Debit Card 73

Debit Card Security Fraud Detection Federal Trade Commission 73

Clearly Payments

DECEMBER 3, 2023

Amazon Pay: Allows customers to use their Amazon account for online purchases and a Solution for businesses selling on Amazon’s marketplace (International). GoCardless: Global bank debit network for recurring payments (International). Instabill: High-risk merchant account and payment solutions (International).

Payment Gateways 105

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 105

PYMNTS

SEPTEMBER 19, 2019

By using the ACH debit network on the GoCardless platform, merchants can pull payments directly from their customers’ bank accounts at a lower cost than credit cards and without the overhead and burden of cash and checks,” the company said in a statement to TechCrunch.

ACH 51

ACH B2B NACHA Debit Network 51

Payment Savvy

JULY 3, 2024

These fees cover the costs of processing the transaction , ensuring the payment goes from the customer’s bank to the business’s bank account securely and efficiently. Signature debit transactions are commonly used by ecommerce businesses. As the merchant, the fees you pay come from the network.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

PYMNTS

MARCH 30, 2020

Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Even cryptocurrency companies are turning a new eye to debit cards.

Debit Card 66

Debit Card Venmo Point-of-Sale (POS) Online and Mobile Banking 66

PYMNTS

APRIL 1, 2020

POS systems that accept PIN-authenticated payments transmit card details to debit network operators that then assess transactions’ associated fraud risks. Consumers’ funds are then sent to PIN debit network operators, which extract interchange fees and pass the rest to merchants’ banks.

Debit Card 56

Debit Card Electronic Funds Transfer (EFT) Debit Transaction Federal Reserve 56

PYMNTS

MARCH 4, 2020

That socioeconomic trauma lives on in collective memory, and while card usage has been rising steadily for the past few years, debit is bigger than ever with card-using consumers. Today, at the point of sale, you insert or tap your card and enter your PIN, or in some cases, not even that.

Bureau of the Fiscal Service 52

Bureau of the Fiscal Service Fiscal Service Debit Card Credit Cards 52

PYMNTS

APRIL 5, 2019

. “ Same-Day ACH transfers are a game-changing option for small businesses because they provide access to needed capital by the end of the business day and offer better visibility and certainty into the timing of the transactions clearing in their bank account, which in turn leads to better cash management.” ”

Same Day ACH 43

Same Day ACH ACH Small Business NACHA 43

PYMNTS

MARCH 10, 2017

For more than 30 years, INTERAC has been Canada’s debit network facilitating secure financial transactions. But how is the industry supposed to get there? It may require taking a look at a market that truly “gets” faster payments, which can be found by just looking north.

Faster Payments 67

Faster Payments Payments Interoperability Push-to-Card 67

My Payment Savvy

APRIL 8, 2025

How to Set Up a Venmo Account Before learning how to Venmo, you need to set up your Venmo account. Step 2: Open the app and click on Sign Up to create an account. Step 4: Link your bank account or card so you can fund your Venmo account. Step 5: Take steps to secure your account.

Venmo 40

Venmo PayPal Transactions Accounts 40

PYMNTS

MARCH 14, 2017

Whether it’s checking a bank account balance or placing an order online, consumers expect fast, convenient and immediate results. DE: Payment card networks already have the rails in place to offer instant payments. Others have also begun to offer P2P capabilities that can push funds directly to a bank or debit card.

Consumer 40

Consumer Push-to-Card P2P Gateways 40

PYMNTS

JULY 10, 2019

To get around that, GoCardless has created a global bank debit network, which enables recurring payments without the friction associated with credit cards and other payment methods. Such recurring payments, as Sood told it, can also include retainers to such professionals as accountants and attorneys, and loans.

B2B 46

B2B Cross-Border Credit Cards Debit Network 46

Stax

MARCH 14, 2024

When running the debit card “as credit,” the transaction will be charged according to the debit rates noted in Visa and Mastercard’s interchange tables , not according to the debit network fee schedules. In some cases, it’s less expensive for a merchant to accept PIN debit cards than signature debit cards.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

PYMNTS

JUNE 3, 2020

The volume of grocery purchases made over PULSE’s debit network was 25 percent higher than usual during March 17 to March 24, for example. Grocery spending was also spurred by concerns that some goods could become less available in the coming days or weeks, resulting in a spike in buying during late March.

Consumer 55

Consumer Debit Card Credit Cards Credit Union Service Organization 55

PYMNTS

NOVEMBER 6, 2019

Under the traditional way of doing things (the way generally controlled by traditional financial institutions), that software company would have to set up a local Australian bank account, and deal with hedging, remittances and other often-cumbersome tasks common to cross-border transactions. Global Debit Network.

B2C 40

B2C B2B Cross-Border ACH 40

PYMNTS

FEBRUARY 27, 2017

Using Zelle means those funds hit the user’s actual bank account within minutes of the transaction. Venmo is working hard to fix that — PayPal’s deal with Visa and Mastercard earlier this year makes it possible to move money over debit networks, and by the mid-year mark, it should be possible to cash out a PayPal account nearly instantly.

Zelle 40

Zelle Venmo Online and Mobile Banking P2P 40

Cardfellow

MARCH 11, 2025

Disloyalty Penalties Partnerships Effects on Small Businesses Lawsuit Overview The Justice Departments civil antitrust lawsuit alleges that Visa engaged in unlawful conduct regarding debit card networks. Lawsuit Details According to the lawsuit, at least 60% of all US debit transactions run on Visas debit networks.

Debit Network 40

Debit Network Debit Transaction Debit Card Agreements 40

Fintech Finance

MARCH 6, 2025

ANZ and Suncorp Bank are the first two issuers live with eftpos multi-network debit cards in the Google Wallet, with other issuers to follow over the course of 2025. Multi-network debit cards allow payments to be processed either through the eftpos network or one of the international debit networks, such as Mastercard or Visa.

Debit Card 52

Debit Card Issuers Debit Network Small Business 52