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What Is Debit Card Processing & How Does It Work?

Payment Savvy

Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Every merchant should prioritize taking the time to understand debit card processing to streamline operations and enhance customer satisfaction.

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Tourism Data Hack Leads Greek Banks To Cancel Thousands Of Their Cards

PYMNTS

After consumer information was compromised on a tourist website, Alpha Bank, Piraeus Bank, Eurobank and the National Bank of Greece each cancelled their credit and debit cards for customers. As a result, any banking card used on the travel portal was cancelled, and to be replaced.

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What Is the Role of Merchant Acquirers in Credit Card Processing?

EBizCharge

When navigating the realm of credit card processing, it’s crucial to distinguish between merchant acquirers (acquiring banks), card issuers, and payment processors, as each plays a distinct role in the card transaction ecosystem. Card issuers are banks or financial institutions that issue credit cards to consumers.

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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. For example, the charges for a credit card payment online will be different from the charges for an in-person credit card payment.

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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

From a consumer’s perspective, that means any transaction that doesn’t need a physical credit card, debit card, prepaid cards, or checks. They allow you to move with the device and accept payments wherever you need — both bank cards and mobile wallet payments.