Remove ATM Remove Debit Transaction Remove Point-of-Sale (POS)
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US Debit Card Usage Soars as Consumers Embrace Convenient Payments

The Fintech Times

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 transactions per month, including 30.7 ATM transactions.

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Deep Dive: Why ML Plays A Key Role In Debit Issuers' Fraud-Fighting Strategies

PYMNTS

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. Some FIs have also teamed up with eTailers to better protect CNP transactions using a protocol known as 3D Secure 2.0.

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How FIs Can Win The Battle Against ‘Smarter’ Payments Fraud

PYMNTS

Lerdal pointed to P2P payments and eCommerce as key areas of attack. “In In the old days, it was ATMs and the point of sale [POS],” he said. In looking for activities that can point to anomalous behavior at a specific point of transaction, governed by a set of rules, Lerdal pointed to ATM-slamming.

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Deep Dive: Assessing And Tackling Debit Card Fraud

PYMNTS

Consumers are increasingly relying on debit rather than credit cards to make online purchases, with one report noting that one in four debit transactions are now made without cards being physically present. Fraud And The Problem Of Convenience. Consumers — especially those in the U.S. —