PYMNTS

FEBRUARY 3, 2020

Consumers are increasingly relying on debit rather than credit cards to make online purchases, with one report noting that one in four debit transactions are now made without cards being physically present. Fraud And The Problem Of Convenience. Consumers — especially those in the U.S. —

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PYMNTS

OCTOBER 25, 2017

to pay with their UnionPay chip, credit and debit cards at First Data merchant clients. As part of the deal, UnionPay debit transactions will be routed through First Data’s least cost debit routing technology, which allows merchants to reduce their overall cost of payment acceptance, the press release reported. . “We

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PYMNTS

FEBRUARY 23, 2016

retailers are able to process chip-card transactions. According to a survey by the same research group — taken shortly before the liability shift went into effect in the fall — only 27 percent were going to be ready to go with chip card processing as of Oct. The wide expectation is that EMV transactions in the U.S.

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PYMNTS

JANUARY 19, 2021

Fraudsters have unfortunately also carefully followed this payment trend, with skimming, prepaid card and ATM fraud all seeing upticks recently — especially in regard to debit transactions. To learn more about the pandemic’s impacts on debit-related fraud attempts and how banks can counter them, visit the Tracker’s Deep Dive.

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PYMNTS

NOVEMBER 12, 2020

There’s also the safety of using debit in contactless payments, he said, where issuers had, fortuitously from a timing perspective, accelerated their issuance of contactless cards coming into 2020 and before the age of COVID-19. Use of debit in eCommerce has accelerated during the pandemic.

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PYMNTS

MAY 16, 2016

But things heated up last week when Walmart sued Visa over EMV and chips without PINs. At issue is the fact that Visa currently prohibits Walmart from insisting its customers use a PIN when paying with a chip-embedded card. Signature transactions, on average, cost $0.05 Visa has not provided public comment on the matter.

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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. Why Free Payment Processing? Payment processing fees can pile up fast, especially for small businesses.

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PYMNTS

OCTOBER 13, 2016

While mint chocolate chip ice-cream might be the way to a foodie’s heart, MintChip digital currency is not the way to a millennial’s mobile wallet, apparently — at least not in Liberty Village, Toronto. million passengers a day in the year that ended in March, and Apple has invested in special chips for its iPhones to support the service.

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PYMNTS

JUNE 27, 2016

There is no rational basis for Visa to cut off Kroger’s ability to accept any or all Visa debit cards unless Visa intended to punish Kroger,” the grocery chain said in the lawsuit that was filed in U.S. If this sounds a bit familiar, that’s because it is.

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PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. the verification method after dipping the chip is still a signature – as opposed to a PIN.

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PYMNTS

NOVEMBER 14, 2019

Dick Durbin — limits what can be collected for debit transactions. When chip cards began arriving in the U.S. roughly five years ago, they carried so-called application identifiers, or AIDs, which allow merchants to route debit transactions to their preferred network,” according to the Bloomberg report.

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