Fintech Finance

JUNE 18, 2024

Within this total: The number of contactless debit card transactions (1.364 billion) was 5.3 The number of contactless credit card transactions (225 million) was 9.3 This means contactless payments accounted for 76 per cent of all debit card transactions and 63 per cent of all credit card transactions made during March 2024.

Debit Card 98

Debit Card Credit Cards Contactless Payments CHIPS 98

The Paypers

AUGUST 15, 2017

(The Paypers) The 2017 Debit Issuer Study commission by PULSE has shown a decrease in debit fraud loss after US financial institutions increase issuance of chip debit cards in 2016.

Debit Card 31

Debit Card CHIPS Chip Cards Issuers 31

Stax

DECEMBER 20, 2023

Debit card transactions generally have lower interchange fees compared to credit card transactions. This is because debit cards are linked directly to the customer’s bank account, and the risk of non-payment or default is lower. For a $100 transaction, a swiped Mastercard debit card will cost you around 27¢.

Credit Cards 167

Credit Cards Debit Card Processors Non-Bank 167

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

Debit Card 71

Debit Card Checks Accounts FinTech 71

PYMNTS

DECEMBER 23, 2016

Credit and debit card payments are continuing to increase in terms of usage, with the Federal Reserve finding credit and debit card payments accounted for more than two-thirds of all noncash payments in the U.S. Among the key findings of the report was an increase of card payments to 19.9 from 2012 to 2015.

Debit Card 40

Debit Card Federal Reserve Chip Cards CHIPS 40

Neopay

JUNE 24, 2024

Within this total: The number of contactless debit card transactions (1.364 billion) was 5.3 The number of contactless credit card transactions (225 million) was 9.3 This means contactless payments accounted for 76 per cent of all debit card transactions and 63 per cent of all credit card transactions made during March 2024.

Debit Card 52

Debit Card Credit Cards Contactless Payments CHIPS 52

PYMNTS

MARCH 27, 2017

As card swipes turned to chip insertions across the U.S., Recently, to combat long lines and payments fatigue, financial, merchant service and mobile payment company Square rolled out a firmware update to its chip payment terminals. According to data from ABI Research, annual shipments of contactless cards in the U.S.

CHIPS 41

CHIPS Chip Cards Push-to-Card Debit Card 41

The Paypers

OCTOBER 4, 2017

(The Paypers) Square has started to offer Interac debit cards for businesses using its point-of-sale system and also developed a contactless chip reader to facilitate the transactions in Canada.

Debit Card 28

Debit Card CHIPS Facilitators Transactions 28

Fintech Finance

JUNE 17, 2024

When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device nor on Apple servers. .” Security and privacy are at the core of Apple Pay.

Cryptocurrency 98

Cryptocurrency Debit Card Encryption CHIPS 98

Clearly Payments

MARCH 28, 2024

Clover Flex Clover Flex is a compact, portable credit card machine that offers a range of features suitable for various business types. It accepts a wide range of payment methods, including contactless, chip, and magnetic stripe cards. It accepts all major credit and debit cards, including tap, chip, and swipe payments.

Credit Cards 104

Credit Cards CHIPS Point-of-Sale (POS) Debit Card 104

PYMNTS

SEPTEMBER 2, 2016

The movement to EMV and chip cards has been one of safety, but card users themselves have been disgruntled when actually using the cards.

Chip Cards 40

Chip Cards CHIPS EMV Debit Card 40

Stax

JANUARY 5, 2024

TL;DR A credit card terminal is a device commonly used by businesses to handle credit and debit card transactions. Level Up Your Terminal with Stax Card Readers What is a Credit Card Terminal? A credit card terminal is a device commonly used by businesses to handle credit and debit card transactions.

Credit Cards 88

Credit Cards Debit Card EMV CHIPS 88

PYMNTS

DECEMBER 9, 2016

No longer are they focusing on credit and debit cards — those brazen attempts have been at least partly blunted by EMV and tokenization initiatives. Now, hackers are increasing efforts to pilfer personally identifiable information (or PII, for short).

CHIPS 74

CHIPS MSPS Breach Data Breach 74

NFCW

JULY 17, 2024

When customers add a Presto card to Wallet, the card information is encrypted and securely stored in the Secure Element, an industry-standard, certified chip designed to store the information safely on the device.

Debit Card 75

Debit Card Encryption CHIPS Security 75

Payments Source

JUNE 27, 2016

Kroger is suing Visa, alleging the network threatened to raise fees and cut off the supermarket chain from accepting its debit cards.

CHIPS 65

CHIPS Debit Card Verification Acquirers 65

PYMNTS

NOVEMBER 22, 2016

21) that its latest chip data update showed 388 million Visa EMV cards in the U.S. Of those, the firm said there are nearly 181 million chip credit cards in the field and 208.3 million chip debit cards. million chip-active locations across the country. Visa said Monday (Nov.

EMV 80

EMV CHIPS Debit Card NOV 80

PYMNTS

FEBRUARY 13, 2019

Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September of 2015. More than 3.1 More than 3.1

EMV 100

EMV Chip Cards CHIPS Credit Cards 100

PYMNTS

MAY 17, 2017

The International Card Manufacturing Association (ICMA) is out with a new report that finds 70 percent of all financial cards have a chip embedded in them. In a press release issued Tuesday (May 16), the ICMA said chip cards account for 88.6 percent of revenue for cards globally manufactured in 2016.

CHIPS 50

CHIPS Chip Cards Advisors Continuity 50

PYMNTS

OCTOBER 14, 2020

When the chips are down, consumers love and trust their debit cards. Among clear COVID-era trends is the embrace of debit for managing and mastering new realities. Debit cards remain the payment method of choice among U.S. It’s all sunny news for debit brands and users, but there’s a caveat: it’s fraud.

Consumer 73

Consumer Debit Card Debit Network Identity Theft 73

PYMNTS

OCTOBER 14, 2019

In fact, almost 50 percent of all debit card payments are contactless. billion transactions with their debit cards, which is a jump of 8.9 billion card transactions, both debit and credit, made in July, an increase of 5.7 don’t rely on swiping or chip card readers. New data from U.K.

Contactless Payments 58

Contactless Payments Debit Card CHIPS Credit Cards 58

The Fintech Times

APRIL 8, 2024

When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device or Apple servers. SUNRATE explained that it chose Apple Pay due to its security and privacy benefits.

Credit Cards 59

Credit Cards PCI DSS Commercial Card Treasury Management 59

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% per transaction.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

Payments Source

AUGUST 9, 2016

Three quarters of debit cards will have chips by the end of the year, but slow merchant adoption is limiting use, according to Pulse.

Issuers 79

Issuers EMV Debit Card CHIPS 79

Payment Savvy

JULY 12, 2024

Traditional processors take a cut of each transaction and tack on extra fees, which can really chip away at your profits. Each transaction incurs fees the card issuer sets, varying based on the card type and associated risks. Pros: No fees for bank account or debit card transactions. Why Free Payment Processing?

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 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 14, 2019

In fact, almost 50 percent of all debit card payments are contactless. billion transactions with their debit cards, which is a jump of 8.9 billion card transactions, both debit and credit, made in July, an increase of 5.7 don’t rely on swiping or chip card readers. New data from U.K.

Contactless Payments 49

Contactless Payments Continuity Debit Card CHIPS 49

PYMNTS

SEPTEMBER 15, 2020

Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.

Debit Card 103

Debit Card FinTech Online and Mobile Banking Account Takeovers 103

FICO

FEBRUARY 16, 2023

As I mentioned in my last skimming post , consumers can pay close attention to PIN pads and payment terminals when using a credit card or a debit card. The least secure card payment method is swiping, as this will allow criminals with a skimmer in the terminal to capture all the card information from its magnetic strip.

Compromise 98

Compromise Scams Debit Card Smishing 98

Payments Source

MAY 24, 2016

Recently, Walmart filed a lawsuit against Visa complaining the company won't let it require PINs on transactions made with chip-enabled debit cards. There is an old saying by Mark Twain, "Never let the truth stand in the way of a good story, unless you can't think of anything better."

Debit Card 68

Debit Card CHIPS Transactions Acquirers 68

Fintech Finance

APRIL 8, 2024

When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Security and privacy are at the core of Apple Pay.

Credit Cards 52

Credit Cards PCI DSS Commercial Card Contactless Payments 52

Fintech News

JULY 3, 2024

It digitizes and can replace a credit or debit card chip and PIN transaction at a contactless-capable point-of-sale (POS) terminal. Merchants such as Adidas, LOTTE Mart, McDonald’s, Starbucks, and Shopee, among others, have also adopted Apple Pay.

Finance 98

Finance Online and Mobile Banking Micro-Entry Non-Bank 98

Tearsheet

MARCH 21, 2024

Join Scott Goodson, CEO, StrawberryFrog, Chip Walker, Head of Strategy at StrawberryFrog, and Zack Miller, Tearsheet’s editor as they dive into the dynamic world of financial marketing and transformation. In contrast, only 39% of Gen Zers frequently use credit cards, compared to 51% among older generations.

Financial Literacy 59

Financial Literacy Debit Card Credit Cards Push-to-Card 59

PYMNTS

JANUARY 19, 2021

Studies showed that many consumers in the United States have begun tapping their debit cards more often for payments, for example, with one report finding that debit use rose about 6 percent year over year. This compares to just 17 percent of cardholders who experienced debit-related fraud as recently as 2018.

Debit Card 62

Debit Card Online and Mobile Banking Push-to-Card P2P 62

PYMNTS

NOVEMBER 2, 2016

For banks and retailers, there is a fine line between making people’s use of credit and debit cards as painless as possible and protecting individuals’ financial details from swindlers. Contactless credit cards have seen a slow rate of adoption in the U.S., after being slow to be embraced by consumers.

Contactless Payments 76

Contactless Payments Debit Card Chip Cards Credit Cards 76

Stax

NOVEMBER 6, 2023

Thanks to these modern payment solutions, credit card, and debit card users can now complete their purchases without swiping or inserting their cards at the point of sale (POS) terminals. Because of this, outdated POS systems lack the ability to accept NFC-enabled credit and debit cards or mobile wallets.

Mobile Payments 88

Mobile Payments Online and Mobile Banking Debit Card Payments 88

Stax

NOVEMBER 13, 2023

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Contactless cards All cards today can come contactless. Q: What devices support tap to pay?

Contactless Payments 88

Contactless Payments Push-to-Card Encryption Online and Mobile Banking 88

Nanonets

SEPTEMBER 28, 2023

Here are some of the most common: ACH (Automated Clearing House) Transfers Wire Transfers Credit Card/ Debit Card Transactions as EFT Mobile Payments Electronic Checks (eChecks) Point-of-Sale (POS) Payments Direct Deposits Recurring Payments EFT accounts can be checking or savings. For one, you could opt for a paper check.

Electronic Funds Transfer (EFT) 52

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires 52