Remove Card Issuer Remove Debit Transaction Remove Electronic Funds Transfer (EFT)
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Deep Dive: How Payment Card Networks Win Merchants Over

PYMNTS

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.