Tearsheet

APRIL 22, 2024

Expanding on last year’s announcement, the recent development marks the official [consumer] launch of the service with inaugural partners PayPal, Venmo, and DailyPay. An OCT [Original Credit Transaction] operates as a push payment, where the payment service provider pushes funds directly into the cardholder’s account.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

PYMNTS

FEBRUARY 1, 2021

Namely, it will continue to be a favored payment method among consumers. Consider the fact that, for example, Visa ’s overall payments volume was up 4 percent year over year. For the network giant, debit volumes were up 20 percent to $1.2 trillion, while credit slipped 9 percent.

Issuers 82

Issuers Debit Card BNPL Point-of-Sale (POS) 82

PYMNTS

JANUARY 6, 2021

In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike. Getting there, he told Webster, involves expanding financial inclusion through digital transactions that, effectively are — for the merchants and consumers involved– free.

Central Bank 145

Central Bank Financial Inclusion Wire Transfer Payments 145

PYMNTS

JANUARY 26, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016. Direct deposit made up the largest segment of Same Day ACH transaction volume — some 52 percent, or 6.8 million transactions totaling $8.8

Same Day ACH 54

Same Day ACH ACH Direct Deposit NACHA 54

PYMNTS

OCTOBER 25, 2019

Visa posted fiscal Q4 earnings results that topped expectations, driven by high single-digit percentage growth in payments volume and cross-border transactions — and where management said that B2B transactions topped $1 trillion on an annualized basis. In terms of the high-level numbers, revenues were up 13.1 billion and 36.4

Volume 42

Volume B2B Cross-Border Point-of-Sale (POS) 42

PYMNTS

OCTOBER 30, 2018

Strength in global consumer spending — along with double-digit cross-border gains and traction in B2B payments — marked third-quarter Mastercard results released Tuesday (Oct. The company said that gross dollar volume, which is the total dollar volume of transactions processed, reached $1.4 billion transactions, or up 11.7

B2B 71

B2B Visa Cross-Border Volume 71

PYMNTS

FEBRUARY 1, 2019

Gross dollar volume was up 14 percent to $1.5 trillion, and switched transactions in the quarter stood at 20.1 Breaking down the gross dollar volume trends, Mastercard said in supplemental materials filed with the earnings report that debit and prepaid transactions gained 12.2 In terms of headline numbers, $3.8

B2B 69

B2B Continuity Visa Cross-Border 69

PYMNTS

APRIL 11, 2018

2017 marks another significant achievement in the evolution of the ACH Network, as transaction volume was exceptionally strong and Same Day ACH was made fully available,” said NACHA Chief Operating Officer and General Counsel Jane Larimer. That propelled the value of the network’s transactions to more than double the U.S.

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ACH Network ACH Same Day ACH Transactions 44

PYMNTS

NOVEMBER 22, 2016

And in the latest installment of Data Drivers, statistics show that the recently launched Same Day ACH initiative has got businesses, and consumers, moving to manage cash flow on a daily basis, across a variety of use cases. That’s the dollar value of Same Day ACH transactions that NACHA saw across the network through the month of October.

Same Day ACH 65

Same Day ACH ACH NACHA Direct Deposit 65

PYMNTS

JANUARY 25, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. The first phase launched in September of last year, making ACH credit transactions eligible for same-day processing. million transactions, totaling $5.9

Same Day ACH 40

Same Day ACH NACHA ACH Direct Deposit 40

PYMNTS

MAY 18, 2020

Credit union service organization (CUSO) PSCU compared the 19 th week of 2020, which concluded on May 10, to the same timeframe in 2019 to discover the impact of the pandemic on consumer spending and shopping trends. percent year over year, and the volume of overall debit transactions grew for the sixth consecutive week.

Debit Card 52

Debit Card Credit Union Service Organization Credit Cards Credit Union 52

PYMNTS

JANUARY 18, 2018

The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months, BusinessInsider reported. According to a NACHA survey, 82 percent of financial institutions surveyed anticipate that Same Day ACH debit volume will grow at a rapid or steady rate. billion transferred.

NACHA 43

NACHA ACH Same Day ACH Transactions 43

Stax

DECEMBER 27, 2023

Understanding Fees and Charges Associated with Merchant Accounts Assessing the pricing structure used by merchant account providers is important to understand the cost of accepting electronic transactions. This type of merchant account can manage debit and credit transactions at a POS (point of sale) as well as card-not-present transactions.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

PYMNTS

SEPTEMBER 15, 2017

For NACHA, there’s a rollout of a different sort, with far-reaching impact on how, who and when consumers and enterprises see funds flow. We’re seeing robust use of same-day ACH credits,” said Larimer. With same-day debit , said Larimer, “consumers know their true balance faster.” In payments, some rollouts come with fanfare.

Same Day ACH 48

Same Day ACH ACH NACHA Debit Transaction 48

PYMNTS

JANUARY 31, 2017

Gross dollar volume was up 9 percent to $1.2 the company said, total volumes stood at $388 million, up from $378 million a year ago and bifurcated between $199 million in debit transactions and the remainder in credit transactions. Cross border volumes were up 13 percent. percent year over year to $2.76

Visa 40

Visa Cross-Border Volume Debit Transaction 40

PYMNTS

FEBRUARY 2, 2018

Within that top line, payment volumes were up 10 percent to $1.9 trillion, as measured on a constant dollar basis — up on consumer credit and higher holiday spending — and where the United States was about 43 percent of that tally. Total processed transactions were up 12 percent to 30.5 The bottom line was $1.08

EMV 40

EMV Volume Cross-Border APACS 40

PYMNTS

APRIL 21, 2017

Visa, reporting fiscal second quarter results on the heels of two major changes in structure and at the helm — the first through the acquisition of Visa Europe and the latter through the two-quarters-old tenure of Al Kelly as CEO — showed growth across all major business lines as consumer spending continued on a robust path.

Debit Card 40

Debit Card Cross-Border Payments Push-to-Card Cross-Border 40