Stax

DECEMBER 20, 2023

In the complicated world of payment processing, understanding the nuances of debit card and credit card payments, along with associated processing fees, is essential for businesses. TL;DR Card brands such as Visa and MasterCard along with state and federal laws prohibit debit card surcharging.

Debit Card 88

Debit Card Legal Credit Cards Processing Costs 88

Fintech Finance

APRIL 4, 2025

“Credit and debit cards continue to play a leading role in the payment experience as money moves between banks, consumers, businesses and beyond in a complex, never-ending cycle. In the fight for customer loyalty, every payment card program is a vital opportunity to seize competitive advantage and drive growth.

Card Issuer 87

Card Issuer Issuers Debit Card Participant 87

Finextra

FEBRUARY 12, 2025

Affirm has joined forces with FIS to bring integrated BNPL capabilities directly to debit card issuers.

Debit Card 64

Debit Card BNPL Card Issuer Issuers 64

PYMNTS

JANUARY 28, 2021

One of the more notable differences is their tendency to favor credit cards online and other options such as digital wallets over debit cards. Thirty-five percent of credit card users believe they offer protection against theft of funds — twice the share of debit card users with this same view of the payment method.

Debit Card 84

Debit Card Credit Cards Security Card Issuer 84

Payments Source

OCTOBER 30, 2017

Certain prepaid debit card issuers who didn’t initially adopt EMV technology — because of a lower perceived security threat for these limited-use cards — are now going the EMV route.

Debit Card 60

Debit Card EMV Card Issuer Issuers 60

Stax

DECEMBER 20, 2023

Set rate processing Subscription rate processing TL;DR Interchange fees are not collected by your payment processor or bank; they go directly to the card-issuing banks. Interchange fees vary significantly depending on the card issuer, the issuing bank, type of transaction and/or merchant type.

Credit Cards 167

Credit Cards Debit Card Processors Non-Bank 167

FICO

MARCH 29, 2017

If your plastic card is captured inside of an ATM, call your card issuer immediately to report it. Sometimes you may think that your card was captured by the ATM when in reality it was later retrieved by a criminal who staged its capture. Either way, you will need to arrange for a replacement card as soon as possible.

ATM 72

ATM Debit Card Compromise Point-of-Sale (POS) 72

PYMNTS

SEPTEMBER 8, 2017

A new study has found that the number of payment cards issued globally reached 14 billion last year and is predicted to rise to 17 billion by 2022, boosted by an increase in overall debit card issuance. For many, a debit card will normally be the first card they receive when they enter the banking system.

Debit Card 59

Debit Card Global Payments Credit Cards Issuers 59

Clearly Payments

NOVEMBER 13, 2024

In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. Card Network : Indicates the card brand, such as Visa, Mastercard, or American Express, helping processors verify the card’s compatibility with their systems.

Process 104

Process Processors Payments Compliance 104

Basis Theory

NOVEMBER 13, 2023

How Credit and Debit Cards Compare The fundamental difference between a credit and debit card is whose money is being used in the transaction: with a credit card, the consumer is borrowing from the card issuer , while with a debit card they are using their own money, stored with the issuing bank.

Credit Cards 88

Credit Cards Processing Costs Debit Card Card Issuer 88

Payments Dive

FEBRUARY 16, 2023

Bank card issuers say there isn’t enough network competition to meet the July debit card routing rule deadline, adopting regulators’ argument to push back.

Rules 88

Rules Regulations Card Issuer Push-to-Card 88

PYMNTS

DECEMBER 29, 2020

Consumers have more heavily leaned on debit during the pandemic, with the economic downturn making shoppers more cautious than ever about the prospect of taking on credit card debt. A recent study even estimates that shoppers could ultimately shift $100 billion worth of annual spending from credit cards to debit cards.

Debit Card 121

Debit Card Online and Mobile Banking Scams Card Issuer 121

PYMNTS

FEBRUARY 3, 2020

Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021.

Debit Card 52

Debit Card Assessments Data Breach Online and Mobile Banking 52

Payments Source

MARCH 5, 2018

card issuers are adding contactless technology to credit and debit cards — but they are doing so in slow, small steps.

Card Issuer 77

Card Issuer Debit Card Issuers Technology 77

PYMNTS

OCTOBER 14, 2019

In an effort to grow usage of its Android smartphones in Brazil, Google has introduced a debit card payment program through Google Pay. Reuters is reporting that the company is making the move because many online retailers in Brazil only accept credit cards due to a preponderance of fraud. .

Debit Card 48

Debit Card PayPal Card Issuer Issuers 48

Tearsheet

FEBRUARY 7, 2024

This indicates a shift away from physical debit card usage toward using debit cards through digital wallets. 66% of Gen Z consumers, among others, are open to switching to digital service providers that offer new or enhanced digital wallet features beyond basic card payments.

Debit Card 119

Debit Card Online and Mobile Banking Non-Bank Credit Cards 119

Fintech Finance

AUGUST 12, 2024

GoHenry by Acorns , a debit card and financial education app designed for 6-18 year olds, has announced a collaboration with Google Wallet to integrate GoHenry into the new Fitbit Ace LTE smartwatch for kids in the U.S.

Debit Card 94

Debit Card Card Issuer Issuers Finance 94

Payments Source

MAY 26, 2016

Citing a growing frustration with how the EMV transition has interfered with merchants' options for PIN debit transaction routing and authorization, the Merchant Advisory Group for the first time is asking federal auditors to examine the practices of some debit card issuers.

Card Issuer 79

Card Issuer Debit Transaction Debit Card EMV 79

FICO

NOVEMBER 24, 2020

As many of us who have long been in the industry know, fraud remains a top challenge for debit cards. In 2019 issuers faced $4.2 billion in gross (attempted) debit card fraud and ultimately incurred losses of over $1 billion on debit and ATM transactions; the need for an effective solution to this problem has never been greater.

Debit Card 52

Debit Card Fraud Detection Issuers ATM 52

Payments Source

SEPTEMBER 13, 2016

New Orleans--As credit and debit card issuers start to see the benefits of EMV-chip card security, prepaid would seem to be the logical next step. But prepaid issuers remain unconvinced of the security benefits of EMV.

EMV 76

EMV Issuers Chip Cards Security 76

PYMNTS

OCTOBER 13, 2017

Payments provider Elan Financial Services announced that along with Ondot Systems , the leading provider of mobile-based card services, they have enhanced the My Mobile Money app so that it now offers two-way fraud alerts for Elan processed debit cards.

Debit Card 47

Debit Card Push-to-Card Fraud Prevention ATM 47

PYMNTS

OCTOBER 14, 2019

In an effort to grow usage of its Android smartphones in Brazil, Google has introduced a debit card payment program through Google Pay. Reuters is reporting that the company is making the move because many online retailers in Brazil only accept credit cards due to a preponderance of fraud. .

Debit Card 46

Debit Card PayPal Card Issuer Issuers 46

Electronic Payments Coalition

FEBRUARY 28, 2024

WASHINGTON, DC — It’s been nearly 15 years since the Durbin Amendment imposed price caps and routing mandates on debit cards, financially burdening small businesses, while corporate mega-stores, like Walmart and Target, have accumulated substantial revenue gains.

Credit Cards 105

Credit Cards Card Issuer Debit Card Small Business 105

Payments Source

MARCH 21, 2016

Samsung is fond of using cash rewards to drive Samsung Pay signups, offering consumers $25 to $100 in recent months for enrolling a payment card in the handset maker's mobile wallet. But that strategy is not a fit for all card issuers, according to the fine print in the latest Samsung Pay promotion.

Debit Card 63

Debit Card Card Issuer Enrollments Issuers 63

CB Insights

JUNE 7, 2021

Corporate card providers : This year, Marqeta developed a credit card-issuing platform through a partnership with Deserve to power companies like Brex and Ramp , which leverage Marqeta’s technology to build their own credit card programs. . Digital banks : Square uses Marqeta for its cash app and merchant debit card. .

Issuers 73

Issuers Card Issuer Payment APIs and Integration Innovation 73

Finovate

NOVEMBER 19, 2024

. “As of the end of last year, 60% of the physical cards in our network had been transitioned to paper-based materials, and we are well on our way to achieving our original goal of converting 75% by the end of this year. However, it is unlikely we will ever see paper credit or debit cards.

Visa 52

Visa Product Issuers Card Issuer 52

PYMNTS

AUGUST 14, 2018

According to the report, citing a senior bank official, the hackers used a malware attack to clone thousands of the bank’s debit cards over the course of two days. The cloned cards were Visa and RuPay debit cards of bank account holders that used the National Payments Corporation of India (NPCI) system, noted the report.

Debit Card 40

Debit Card FBI ATM Card Issuer 40

Stax

OCTOBER 21, 2024

It splits transactions into three types—non-qualified, mid-qualified, and qualified—depending on the credit card type and payment mode used, and charges a different fee for each tier. Payments made with international cards, business cards, and specific high-benefit rewards cards are classified as non-qualified and have the highest fees.

Credit Cards 88

Credit Cards Process Processors Processing Costs 88

Payments Source

APRIL 24, 2016

It didn't take long for debit card issuers affected by the Durbin amendment fee caps to cut back or eliminate rewards programs to recoup costs. Issuers now engaged in the increasingly competitive credit card rewards and loyalty environment may soon have to face that same decision.

Credit Cards 65

Credit Cards Card Issuer Debit Card Issuers 65

PYMNTS

SEPTEMBER 30, 2020

The corporate card can have a home in the digital wallet thanks to collaborations and technology platforms designed for card issuers. Furthermore, the collaboration will grow the reach of Volopay’s cards, letting its corporate customers and their staffers make card payments wherever they conduct business around the globe.

Innovation 77

Innovation Card Issuer Debit Card PayPal 77

EBizCharge

MARCH 11, 2025

Acumatica allows businesses to accept and process credit cards, debit cards, Automated Clearing House (ACH) payments/eChecks, and other transactions seamlessly by integrating with payment gateways. This is because credit cards, debit cards, and digital wallets have different fees.

Processing Costs 52

Processing Costs Process Payment Gateways Credit Cards 52

The Paypers

MARCH 12, 2018

(The Paypers) Wirecard has been selected by TransferWise , a UK-based international money transfer company, to issue a debit card, alongside its existing digital borderless account.

Debit Card 28

Debit Card Card Issuer Issuers Accounts 28

Stax

MARCH 14, 2024

A consumer using a chip and signature card will sign for the purchase. The signature is compared with the one on the back of the card or with the signature stored in the card issuer’s system. Currently, in the United States, most credit cards are chip and signature, while most debit cards are chip and PIN.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

PYMNTS

DECEMBER 31, 2020

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms of fraud, forcing them into a delicate balancing act.

Issuers 109

Issuers Card Issuer Point-of-Sale (POS) Debit Transaction 109

PYMNTS

SEPTEMBER 13, 2016

Along with that growth in card numbers, said the firm, purchase transactions and volumes are also on the upswing. In a press release detailing the survey results, Entrust Datacard noted that instant issuance technologies were first adopted by smaller banks and credit unions almost a decade-and-a-half ago.

Card Issuer 69

Card Issuer Debit Card EMV Issuers 69

Payments Source

JUNE 7, 2016

wrote to Visa on Tuesday to denounce an alleged new fee assessed by the company on credit and debit card issuers that see their business shift to a competing card network. Dick Durbin, D-Ill.,

Assessments 60

Assessments Card Issuer Debit Card Issuers 60

PYMNTS

JULY 14, 2020

PYMNTS research has shown that approximately 40 percent of consumers would be very interested in downloading highly functional mobile card apps that can be used to manage multiple cards, track spending and issue transaction alerts, among many other features. There is an important underlying dimension to these findings, however.

Debit Card 78

Debit Card Consumer Credit Cards Card Issuer 78