PYMNTS

APRIL 28, 2020

These shifts have made digital banking and debit transactions more important than ever. Consumers are also avoiding cash out of concern that the virus could linger on physical object and are thus favoring virtual and contactless payment cards instead. The Paytm cards can be used both in-store and online.

Online and Mobile Banking 95

Online and Mobile Banking Debit Card Direct Deposit Contactless Payments 95

PYMNTS

DECEMBER 31, 2020

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms of fraud, forcing them into a delicate balancing act. Security challenges are mounting, too.

Issuers 109

Issuers Card Issuer Point-of-Sale (POS) Debit Transaction 109

PYMNTS

SEPTEMBER 9, 2020

These two forces appear to be driving an increase in consumers’ use of touch-free debit payment options. Many shoppers are now loading their debit card details into mobile wallets and ordering apps, keying the information into online checkouts or waving contactless debit cards at POS terminals.

Debit Card 64

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

Stax

JULY 9, 2024

Learn More Debit and credit card transactions Perhaps the most commonly known EFT payment type is credit and debit card transactions. Unless your business is intentionally cash-only, you’ll likely need to accept the major card brands such as Visa and MasterCard to stay in business.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Clearly Payments

JANUARY 16, 2024

Card Type: Interchange fees vary based on the type of credit card used in a transaction. The three main categories are debit cards, credit cards, and premium credit cards. Premium cards, often associated with rewards programs, tend to have higher interchange fees.

PCI DSS 105

PCI DSS Processors Debit Card Credit Cards 105

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.

Debit Card 64

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

PYMNTS

APRIL 30, 2020

Those declines were offset at least in part by what management characterized as a long-standing shift to contactless payments and a move away from cash transactions. As had been seen with payments networking peer Mastercard, Visa said that its latest quarter showed greater traction in debit transactions than in credit.

Transactions 89

Transactions Cross-Border Volume Contactless Payments 89

PYMNTS

JANUARY 29, 2019

Drilling down a bit into what lies beneath those numbers, payments volume in the latest reading stood at $2.1 Credit transactions were up 10 percent, and debit transactions were up 12 percent. Contactless payments also have been growing at double-digit rates.

Volume 46

Volume B2B Cross-Border Credit Union 46