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

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

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

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

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 64

Debit Card Card Issuer Issuers Finance 64

Payments Source

JUNE 2, 2019

While major card issuers such as Chase and Wells Fargo roll out NFC-enabled credit and debit cards incrementally, Bank of America is taking much more aggressive approach.

Push-to-Card 132

Push-to-Card Debit Card Card Issuer Issuers 132

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

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

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

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

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

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

EBizCharge

AUGUST 12, 2024

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.

Credit Cards 52

Credit Cards Acquirers Process Debit Card 52

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

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

Stax

AUGUST 20, 2024

3D Secure Authentication ensures that the person making the purchase is verified as the actual owner of the debit or credit card being used. When a customer attempts to make a purchase on your website using their credit or debit card, 3D Secure will prompt them for additional information to confirm their identity.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

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

The Fintech Times

AUGUST 29, 2024

While the following companies will help with Zero’s launch, the fintech intends to apply for a full UK bank licence to enable the launch of a range of sustainable lending products in the future.

Card Issuer 59

Card Issuer Debit Card Reconciliation FinTech 59

Stax

JUNE 13, 2024

Are you looking to offer cash discounts to customers to incentivize them to use cash instead of credit or debit cards? A cash discount program can help your business reduce expenses on processing fees for card transactions, and there are guidelines you must follow to ensure you are implementing the program the right way.

Credit Cards 88

Credit Cards Card Issuer Legal Issuers 88

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

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

Fintech Finance

JULY 23, 2024

3D Secure, a security protocol developed by the card networks, provides an added layer of security to authenticate online credit and debit card transactions. Using 3DS can dramatically reduce fraud rates—by up to six times compared to non-3DS transactions, according to a recent report by Datos Insights.

Technology 64

Technology Authentication Rules Card Issuer 64

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

PYMNTS

JULY 15, 2019

According to news earlier in the month, large credit card issuers in the United States reported lower delinquencies in May. Among the master trust portfolios of the six biggest card issuers, the average delinquency ratio fell to 1.43 In addition, the net charge-off rate was 2.79 percent for a three-month average.

Debit Card 49

Debit Card Online and Mobile Banking Card Issuer Credit Cards 49

PYMNTS

JUNE 4, 2020

Ondot Systems , a digital services platform for credit and debit card issuers, said it is partnering with Visa in a new program. The agreement enables cardholders to add Visa cards instantly to their digital wallets. Digital card use is one of the key drivers of card choice.

Card Issuer 53

Card Issuer Online and Mobile Banking Debit Card Issuers 53

Payment Savvy

AUGUST 3, 2023

When you run any BIN number through a checking system, you end up with accurate information about the geolocation, card issuer, and card type. Since online banking systems have become more popular and virtual cards have become a norm, BIN numbers aren’t necessarily bank-issued. Why is there an 8-digit BIN number?

Issuers 98

Issuers Card Issuer Processors Credit Cards 98

Payment Savvy

JULY 12, 2024

Each transaction incurs fees the card issuer sets, varying based on the card type and associated risks. Debit cards typically carry lower fees due to lower payment risk, whereas credit cards involve higher fees to offset potential defaults. Pros: No fees for bank account or debit card transactions.

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 52

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

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.

Security 73

Security Debit Card Fraud Detection Federal Trade Commission 73

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

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

Stax

DECEMBER 6, 2023

Benefits for Businesses Credit card surcharging offers several advantages to businesses, including: Offsetting credit card processing fees by passing on some of the cost to the consumer can be particularly advantageous for smaller businesses with tighter margins. As for the disadvantages?

Consumer 88

Consumer Credit Cards Alternative Payment Methods Debit Card 88

The Fintech Times

MARCH 1, 2024

Consumers are generally most satisfied with the BNPL plans offered by their credit card issuers, but experiences vary quite a bit by brand and some of the newest providers are receiving the greatest increases in satisfaction scores.”

BNPL 64

BNPL Security Card Issuer Debit Card 64

The Paypers

FEBRUARY 1, 2018

(The Paypers) Railsbank , a UK-based open banking and regtech platform, and Cornercard UK , a UK business to business card issuer, have announced at Paris Fintech Forum a strategic partnership.

Debit Card 28

Debit Card Card Issuer Issuers Visa 28

Stax

APRIL 18, 2024

Accepting credit card transactions is no longer a decision of whether to but rather how to. With cashless now BEING king, credit and debit cards are the primary method for your customers to make payments. of consumer payments came through card payments. Pre-pandemic, 62.3%

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Stax

MAY 7, 2024

For example, the interchange fees for online transactions may be higher due to the higher risk of credit card fraud. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. Standards cards fall into the mid-qualified tier.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88