PYMNTS

APRIL 30, 2020

Visa posted fiscal second-quarter results that showed a precipitous falloff in cross-border volumes late in the quarter amid the coronavirus pandemic, alongside what it termed a “significant deterioration” in spending that was evident in March. Cross-border volume was off 2 percent. Card present volumes were down 45 percent.

Transactions 89

Transactions Cross-Border Volume Contactless Payments 89

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.

Real Time Payments 109

Real Time Payments RTP RFP TCH 109

Clearly Payments

AUGUST 14, 2024

consumers prefer credit cards—further drive costs. Larger merchants, with higher transaction volumes, have more negotiating power and can often secure lower rates. Small Businesses: Small businesses, processing less than $1 million annually, typically pay higher fees, ranging from 2.5% to 3.5% per transaction.

Process 104

Process Credit Cards Alternative Payment Methods Debit Card 104

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 A Highly Personal Decision. Not For Everyone.

Transactions 90

Transactions Debit Transaction Credit Cards Card Issuer 90

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.

Debit Network 59

Debit Network Innovation Debit Transaction Agreements 59

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.

NACHA 69

NACHA Verification Accounts Account Validation 69

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.

Same Day ACH 52

Same Day ACH ACH NACHA Credit Transaction 52

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 Volume Visa 84

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.

ACH Network 44

ACH Network ACH Same Day ACH Transactions 44

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

Credit Union 52

Credit Union Credit Union Service Organization Debit Transaction PayPal 52

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.

Debit Card 62

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

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.

Debit Card 52

Debit Card Credit Union Service Organization Credit Cards Credit Union 52

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.

Debit Card 64

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

PYMNTS

APRIL 17, 2017

The added attribute of speed provides additional flexibility and options to a system that has the capacity to process credit and debit transactions, payments and robust information together, domestic and international transactions, business and consumer payments, and more.

Same Day ACH 40

Same Day ACH NACHA ACH ACH Network 40

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. For this calendar year, Larimer said NACHA is projecting 50 million transactions: “We are pleased with the volume so far … and we are expecting to see more use from same-day debits.

Same Day ACH 48

Same Day ACH ACH NACHA Debit Transaction 48

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.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

Clearly Payments

JANUARY 16, 2024

Merchants, particularly those with substantial transaction volumes, should negotiate terms and fees with their payment service providers or switch to a low cost payment processor like Clearly Payments. Encourage Debit Card Usage: Debit cards generally have lower interchange fees compared to credit cards.

PCI DSS 105

PCI DSS Debit Card Processors Credit Cards 105

Fintech Finance

FEBRUARY 26, 2024

In the first 6 weeks of 2024, Thredd , a leading modern payments processor serving clients globally, has seen an atypical early-year uptick in debit and prepaid payment transactions. Both in terms of month-over-month and year-over-year (YoY) growth, volumes have grown across several business verticals.

Transactions 52

Transactions BNPL B2C FinTech 52

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 6, 2017

Vending machines aren’t about soda and salty snacks anymore — even if, at the consumer level, that’s what most people think of when they think about the technology. That volume increases over time and then levels out at about month 10.”.

Push-to-Card 68

Push-to-Card Technology Debit Transaction Agreements 68

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. do not require a signature anyway, with transactions under certain dollar thresholds.

EMV 40

EMV Volume Cross-Border APACS 40

PYMNTS

JUNE 2, 2020

As consumers become used to, and increasingly embrace, life lived digitally, financial institutions (FIs) of all sizes must prepare for seismic shifts in how customers access financial services, communicate with their FIs and make payments. She added that the commercial card side of the business has “tanked” as travel volumes disappeared.

Digital Payments 53

Digital Payments Online and Mobile Banking Payments Push-to-Card 53

PYMNTS

APRIL 12, 2018

Tomorrow, April 13, signing a receipt at the end of a Mastercard credit or debit transaction at the physical POS will become a relic of payments history. It’s a change that’s long overdue for many consumers. Consumers like Karen Webster, who – in a conversation with Mastercard U.S. transaction … and had to sign.

EMV 51

EMV Visa Issuers Disputes 51

EBizCharge

JULY 16, 2024

As transaction volumes or the complexity of the ACH services increase, institutions or service providers must enhance their fraud detection and prevention mechanisms. Authorization requirements Before initiating ACH debit transactions, NACHA requires that entities obtain explicit, written authorization from the customer.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Nanonets

MARCH 21, 2023

In some situations, a transaction that has already been processed may not stay that way if it’s reported by the RDFI as a failed transaction later on. Consumers also have 60 days from the date of any statement containing an ACH debit transaction to dispute it with NACHA. per transaction.

ACH 52

ACH RDFI ACH Network ODFI 52

PYMNTS

MAY 22, 2018

This is without friction, and where consumers, borrowers and businesses receive funding 24/7, in the ways they want and on demand. Much has been made in this space about push payments , which assures instant and “safe to spend” funds (meaning the payment cannot be reversed) delivered to a consumer’s account.

Push-to-Card 40

Push-to-Card Same Day ACH ACH Payments 40

PYMNTS

MARCH 11, 2016

Among the advantages are the ability to offer installments, offering local-based credit cards (that don’t even use the Visa or MasterCard brand), the option to offer better approval ratings locally, avoiding international charges for the consumer, and superior fraud management. In Brazil, 80 percent of all transactions involve installments.

Credit Cards 42

Credit Cards Payments Transactions Visa 42

PYMNTS

JUNE 19, 2016

For example, over 70 percent of Walmart’s chip-based transactions are debit – and giving customers the option to sign instead of key in PIN is a big deal. Visa] has demanded that we allow fraud-prone signature verification for debit transactions in our U.S. percent to 2.08

EMV 40

EMV CHIPS VARS Push-to-Card 40

Clearly Payments

FEBRUARY 13, 2025

Consumers today have more payment options than ever, but debit and credit cards remain the most commonly used methods. As we move through 2025, shifting economic conditions, technology advancements, and changing consumer habits continue to influence payment preferences. Debit Cards U.S. Total credit card debt 0 $1.2

Debit Card 66

Debit Card Consumer Credit Cards Payments 66

Cardfellow

MARCH 11, 2025

Lawsuit Details According to the lawsuit, at least 60% of all US debit transactions run on Visas debit networks. Since many people use debit cards every day, the Justice Department is alarmed by what it sees as a systematic effort to limit competition for debit transactions. As Attorney General Merrick B.

Debit Network 40

Debit Network Debit Transaction Debit Card Agreements 40