Payments Source

MAY 4, 2018

There are lot of PINless debit transactions available to capture, and First Data's migration to dual messaging on Star supports any method a consumer may choose at the point of sale.

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Debit Transaction Transactions Payments Consumer 67

Clearly Payments

AUGUST 24, 2024

Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. According to Visa, tokenized transactions accounted for 85% of all mobile debit transactions in North America in 2023.

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Debit Card P2P Cross-Border Central Bank 105

Fintech News

SEPTEMBER 17, 2024

Covering four of the largest retail payment markets in APAC, namely Japan, India, Singapore, and Australia, the report examines the key trends around cost, consumer behavior, and regulation in each of these jurisdictions. Australia, for example, introduced caps on interchange fees in 2003 for both credit and debit transactions.

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APACS Regulations Caps Real Time Payments 107

PYMNTS

DECEMBER 7, 2020

consumers worldwide are readying themselves for what they believe will be a long wait for things to return to something like pre-pandemic normal. Meanwhile, consumers are changing how they shop , how they pay , where they subscribe and what they consider secure. 70% : Share of consumers who prefer not to share biometric data.

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Debit Transaction Returns Consumer Transactions 66

PYMNTS

FEBRUARY 1, 2021

That gives us a hint as to what might happen with debit spending, in a trend that was well-evidenced through the latest (and ongoing) earnings season. Namely, it will continue to be a favored payment method among consumers. But buy now, pay later (BNPL) options are gaining some traction.

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PYMNTS

JANUARY 13, 2021

As it stands, the bulk of the transaction fees consumers pay go back to the card issuers and the card networks, Hodges said – and, in turn, drive up costs for the merchant while triggering a proliferation in the size and number of individual fees. “I Not For Everyone.

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PYMNTS

APRIL 28, 2020

The coronavirus pandemic has left consumers staying home when possible to stop the virus’s spread. These shifts have made digital banking and debit transactions more important than ever. FIs need to adjust their offerings accordingly to suit consumers’ new needs. Around the Next-Gen Debit World.

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Online and Mobile Banking Debit Card Direct Deposit Contactless Payments 95

PYMNTS

MARCH 14, 2017

Whether it’s checking a bank account balance or placing an order online, consumers expect fast, convenient and immediate results. DE: The idea of fast funds continues to consume an outsized proportion of the industry’s headspace. Best of all, it’s instant, guaranteed and comfortable for the consumer.

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Consumer Push-to-Card P2P Gateways 40

PYMNTS

SEPTEMBER 14, 2020

Safety and convenience are twice as valuable when it’s your money (debit), and not the bank’s (credit). The September Next-Gen Debit Tracker® examines consumer behavioral shifts that are taking on an air of permanence as recovery and reopening unfolds all around. Broader Applications To Come. A recent survey of 1,000 U.S.

Debit Transaction 57

Debit Transaction Contactless Payments Debit Card Funds Availability 57

The Fintech Times

SEPTEMBER 27, 2024

“Merchants and banks pass along those costs to consumers, either by raising prices or reducing quality or service. The complaint Filed in the US District Court for the Southern District of New York, the complaint explains that more than 60 per cent of debit transactions in the United States run on Visa’s debit network.

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PYMNTS

JANUARY 26, 2021

He said increased sharing of account information through third-party apps supports consumers’ desires, but it is not without its risks. This provides consumers increased transparency and control over their payments, eliminating unintended overdrafts, and reducing fraud. This has resulted in some delays and consumer confusion.

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PYMNTS

JANUARY 21, 2021

Recent studies have found that debit issuers lost approximately $1 billion to fraudsters targeting transactions at the physical POS or ATMs in 2019 — and this was before the ongoing pandemic expanded fraudsters’ opportunities to launch their schemes. Debit And The Fraud Catch .

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Debit Card Online and Mobile Banking Debit Transaction Issuers 59

Fintech Finance

NOVEMBER 21, 2024

Rent The Roo, an Australian company providing consumer leases, has announced a partnership with GoCardless , a global leader in direct bank payments. The partnership will allow Rent The Roo to remove punitive dishonour fees for its customers while delivering fully digital direct debit payments and increasing payment success rates.

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Payer Payments Debit Transaction Risk 98

PYMNTS

SEPTEMBER 15, 2017

As Phase 2 for debit transactions gets underway, the movement represents an option to transition to the two same-day windows now in place for credit transactions. With same-day debit , Larimer said, “consumers know their true balance faster.” “We’re seeing robust use of same-day ACH credits,” said Larimer.

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PYMNTS

MAY 22, 2020

CO-OP saw credit and debit transaction counts fall precipitously in the early weeks of the pandemic, as low as 30 percent. After all, there are only so many groceries and essential items consumers can buy; now, they are increasingly looking to buy other goods and services. It’s slowly picking up just a little bit,” he said.

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Credit Union Remote Deposit Capture Volume Push-to-Card 105

PYMNTS

SEPTEMBER 15, 2020

There will soon be rules in place that govern how merchants and other entities make sure the accounts presented for debit transactions are valid — and in the process, cut down on fraud and chargebacks. FIs who are processing WEB Debits from their Treasury clients, must ensure those clients have an account validation process in place.

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PYMNTS

MARCH 19, 2019

In addition, the number of people making mobile payments in stores is on the move in Vietnam and more than four in 10 credit and debit transactions were processed through contactless technology in the United Kingdom last year. As it stands, consumers in the U.K. Finance, according to reports. In addition, almost 7.4

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Mobile Payments Debit Card Debit Transaction Contactless Payments 59

PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. Consumers only see a small part of what is involved in using this method, however. This month’s Deep Dive delves into merchants’ debit routing choices and the factors that can sway them to select one network over another.

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

PYMNTS

JANUARY 19, 2021

A new year has begun, but the pandemic continues to throw financial and operational curveballs at banks, businesses and their consumers regarding how they conduct daily tasks or routine payments. This includes shifts in which consumers are shopping and paying, and in the payment tools or methods they are using to finalize their transactions.

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

Clearly Payments

AUGUST 14, 2024

consumers prefer credit cards—further drive costs. Debit Cards: Debit card transactions generally have lower fees, ranging from 0.5% to 2.0%. PIN debit transactions are less expensive than signature debit transactions. Unlike Europe, where interchange fees are capped at 0.3%

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PYMNTS

NOVEMBER 21, 2016

And though the bulk of that took place though direct deposit activity (think payroll) and B2B transactions, P2P and consumer bill pay saw tens of thousands of payments. This sets the stage for increased adoption of same-day payments across consumers and the merchants who serve them. percent on each transaction.

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ACH Same Day ACH Online and Mobile Banking Payments 75

PYMNTS

JANUARY 30, 2020

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. A Big-Picture Approach To Thwarting Debit Fraud. Get the full scoop in the Tracker.

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Security Debit Card Fraud Detection Federal Trade Commission 73

PYMNTS

FEBRUARY 3, 2020

Cybercriminals have more opportunities than ever to swipe debit card numbers and PINs from online consumers, and false websites, large-scale data breaches and skimming tools can compromise account information. Consumers — especially those in the U.S. — Fraud And The Problem Of Convenience.

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PYMNTS

MARCH 12, 2020

The conversation took place against a backdrop where, as reported in the Next-Gen Debit Tracker , non-cash payments have been rising 6 percent a year, and where payroll cards and debit transactions are gaining ground.

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PYMNTS

NOVEMBER 2, 2020

To that end, the Big Tech companies that reported earnings over the last several days — Alphabet ( Google ’s parent), Amazon , Facebook , Twitter among them — showed that eCommerce, and the ads that keep eCommerce top of mind for consumers (and, of course, the corporates that cater to them), are on an upswing. Ads, Catching Eyes.

Online and Mobile Banking 84

Online and Mobile Banking Cross-Border Visa Volume 84

PYMNTS

SEPTEMBER 23, 2016

More than 40 years after its debut, the Automated Clearing House Network becomes the first payments system in the country to offer ubiquitous faster payments to every consumer and business in the U.S. The flexibility of the ACH Network allows debit payments to be scheduled in advance. via all banks and credit unions. Today (Sept.

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Faster Payments Same Day ACH ACH ACH Network 75

PYMNTS

FEBRUARY 6, 2020

In line with recent findings showing consumers’ preference for debit , growth of that payment method outpaced credit growth among owner CUs. Debit sales volume grew by 8.76 from last year and debit transactions grew 7.4 percent, while credit sales and transactions both grew by 6.4

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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. The average debit card purchase amount rose 19.9 percent jump in debit card spend for the week ending May 10.

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PYMNTS

NOVEMBER 12, 2020

The pandemic and economic headwinds have spurred millions of consumers to eye their finances with caution. In an interview with PYMNTS, Steve Sievert , executive vice president of PULSE Network , said debit has clear advantages for users who want to spend what they have on hand — and not expose themselves to more debt.

Debit Card 64

Debit Card Point-of-Sale (POS) Issuers Federal Reserve 64

PYMNTS

SEPTEMBER 9, 2020

Consumers who previously paid for purchases by swiping or inserting their cards at in-store point-of-sale (POS) terminals are now turning to contactless cards and online shopping to safely and easily obtain needed goods. These two forces appear to be driving an increase in consumers’ use of touch-free debit payment options.

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Debit Card Credit Union Service Organization Point-of-Sale (POS) Contactless Payments 64

PYMNTS

APRIL 30, 2020

But business was substantially disrupted, he said, as the pandemic hit, and consumers pulled back on discretionary spending. As had been seen with payments networking peer Mastercard, Visa said that its latest quarter showed greater traction in debit transactions than in credit. trillion.

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Transactions Cross-Border Volume Contactless Payments 89

PYMNTS

MAY 8, 2020

Merchants, too, enjoyed the tailwinds of a strong economy and sanguine consumer mindset. Drill down into the numbers, and the term “falling off a cliff” comes to mind, as healthy transaction and sales volumes at key merchant customers faced massive headwinds — and only now are starting to show a bounce off their nadirs. In the U.S.

PayPal 98

PayPal Online and Mobile Banking Volume Point-of-Sale (POS) 98

PYMNTS

NOVEMBER 7, 2018

As of today (November 7), some services have now been restored such as Wifi, Moodle, DCB and debit transactions, among others. The attack was discovered on Thursday (November 1) and the lockdown lasted for nearly four days.

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Bitcoin Distributed Ledger Technology (DLT) Blockchain Cross-Border 73

PYMNTS

JUNE 19, 2019

The company noted that the offering provides an easy and quick way for developers to tap into a trusted gateway for credit and debit transactions. The gateway can be configured for PWA in minutes, especially for current Braintree merchants.

Gateways 57

Gateways Debit Transaction On-Demand Consulting 57

PYMNTS

MAY 10, 2019

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless.

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Nacha Rules NACHA Rules Account Validation 71

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. First, an explanation: The movement is, for debit transactions, an option to move away from overnight processing, where “classic ACH” transactions reside, to the two same-day windows now in place.

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Finovate

SEPTEMBER 20, 2024

For instance, when a customer of one bank opens an account with another institution, the new bank gains visibility into the customer’s transaction history and account balances from their original bank, while the new bank is also able to initiate fund transfers or debit transactions from the customer’s account at the original institution.

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