Payments Dive

OCTOBER 25, 2023

The Federal Reserve Board proposed a rule change that would slash the amount card issuers can charge merchants for processing a debit transaction. The proposal also calls for periodic updates to the fee cap in the future.

Caps 109

Caps Federal Reserve Fed Card Issuer 109

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

The Paypers

JULY 7, 2022

The Netherlands-based cloud banking platform Mambu has entered a strategic partnership with global card issuer Visa to use Visa DPS, one of the largest processors of Visa debit transactions.

Card Issuer 28

Card Issuer Debit Transaction Processors Issuers 28

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. Security challenges are mounting, too.

Issuers 109

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

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. If the signatures matches, the transaction is typically approved.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

PYMNTS

JANUARY 13, 2021

“We have a compliant surcharge program that, depending on certain geographies and certain card types, is able to track it in a way that complies with the state regulations and card regulations, and just makes it easier for the merchant to conduct business,” Hodges said in a recent interview with PYMNTS.

Transactions 90

Transactions Debit Transaction Credit Cards Card Issuer 90

PYMNTS

APRIL 1, 2020

Major worldwide credit card networks turned their attention to the debit market in the 2000s, however, and acquired PIN networks to gain footholds in the growing space. These larger operators sometimes made deals with card issuers, under which the latter would agree to only route payments over the former’s networks.

Debit Card 56

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