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. There must be assurance, through solutions such as GIACT’s, that the account exists, what its “health” might be (i.e.,

NACHA 69

NACHA Verification Accounts Account Validation 69

PYMNTS

JANUARY 21, 2021

Ensuring that robust fraud protections are in place to safeguard debit transactions is thus growing increasingly important for businesses, financial institutions (FIs) and issuers. It also analyzes how retailers, debit issuers and other payment players can sharpen the tools they use to keep debit fraud in check.

Debit Card 59

Debit Card Online and Mobile Banking Debit Transaction Issuers 59

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

JANUARY 30, 2020

This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Consumers also show continued interest in debit even as they adopt newer payment instruments, and a 2019 report found that 61 percent of mobile wallet users linked debit cards.

Security 73

Security Debit Card Fraud Detection Federal Trade Commission 73

Finovate

SEPTEMBER 20, 2024

However, competition is increasing as the government continues its drive for privatization and other reforms. In addition to powering our growth, new funds help us to continue to diversify our funding base. Hughes: The financial services sector is still largely dominated by major state banks, which command around 70% of the market.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

PYMNTS

NOVEMBER 7, 2018

At this time, there is no evidence that any personal information within our network was breached, however, ITS will continue to analyze and monitor for suspicious activity in the days and weeks ahead. As of today (November 7), some services have now been restored such as Wifi, Moodle, DCB and debit transactions, among others.

Bitcoin 73

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

PYMNTS

APRIL 17, 2017

As the world of eCommerce continues to skyrocket, so does the world of electronic payments. The Electronics Payment Association NACHA announced significant increases in the ACH Network transactions. billion | Amount of 2016 overall ACH monetary transactions. percent | Percentage increase of ACH transactions from 2015 to 2016.

ACH Network 40

ACH Network ACH Direct Deposit NACHA 40

PYMNTS

SEPTEMBER 9, 2020

continues to face: legacy infrastructure. Look toward the push-to-debit payments capability as an example of how use case identification can support adoption.

Real Time Payments 97

Real Time Payments Faster Payments Use Case Payments 97

PYMNTS

APRIL 1, 2020

Such concerns drove the federal government to pass the Durbin Amendment as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, but this was not the first attempt to improve the debit card situation. Mastercard and Visa handled more than 80 percent of debit transactions in 2009 — the year before the amendment passed.

Debit Card 56

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. 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.

Debit Card 62

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

PYMNTS

MAY 18, 2020

Our data continues to show signs of consumer awakening, with the growth rate for debit spend above historic levels and credit card spend continuing to show week-over-week improvements,” said Glynn Frechette , senior vice president, Advisors Plus at PSCU. The average debit card purchase amount rose 19.9

Debit Card 52

Debit Card Credit Union Service Organization Credit Cards Credit Union 52

PYMNTS

NOVEMBER 2, 2020

election is somewhat uncertain, but we have no reason to believe that September’s revenue trends can’t continue, or even improve, outside of the election-related window.”. In a nod to helping streamline the eCommerce pivot, eBay also continued to scale its management of payments globally and handle some logistics workflows.

Online and Mobile Banking 84

Online and Mobile Banking Cross-Border Volume Visa 84

PYMNTS

SEPTEMBER 14, 2018

billion ACH debit transactions and close to 2.4 billion ACH credit transactions made in the second quarter of this year. billion internet transactions were made, representing a 14.3 percent increase; B2B transactions totaled 889 million, up 8.6 billion internet transactions were made, representing a 14.3

NACHA 49

NACHA ACH Same Day ACH Volume 49

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. Debit cards will likely remain popular, meaning fraudsters will continue to search for ways to access customers’ details.

Debit Card 52

Debit Card Assessments Data Breach Online and Mobile Banking 52

PYMNTS

JULY 3, 2019

Zaki continued, “We are excited to continue to work with foodora as they introduce new payment offerings, which will ultimately enhance their customers’ buying experience.” ” Interac Corp.

Mobile Payments 43

Mobile Payments On-Demand Debit Transaction Payments 43

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

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. And the network’s growth rate for last year is the highest since 2008.

ACH Network 44

ACH Network ACH Same Day ACH Transactions 44

PYMNTS

JANUARY 22, 2020

Schroeder is tasked with growing Discover Debit and advancing PULSE capabilities. She will continue to grow the company’s competitive payment choices while accommodating the ever-changing habits of buyers and their digital culture. Debit transactions have seen an accelerating growth rate, from 5.3 billion transactions. “In

Fraud Detection 52

Fraud Detection Product ATM Risk Mitigation 52

PYMNTS

JANUARY 22, 2020

Schroeder is tasked with growing Discover Debit and advancing PULSE capabilities. She will continue to grow the company’s competitive payment choices while accommodating the ever-changing habits of buyers and their digital culture. Debit transactions have seen an accelerating growth rate, from 5.3 billion transactions. “In

ATM 52

ATM Fraud Detection Product Risk Mitigation 52

PYMNTS

APRIL 17, 2017

According to the data, the number of ACH transactions in 2016 topped 25.6 2016 marked a significant year for the continued evolution and growth of the ACH Network,” said NACHA President and CEO Janet O. And it is this versatility that makes ACH payments a valued payment type and supports the continued growth of the ACH network.

Same Day ACH 40

Same Day ACH NACHA ACH ACH Network 40

PYMNTS

SEPTEMBER 15, 2017

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. A lot of the prep work for debit, said Larimer, was done before credit went live last year. We are excited for this to go live.”.

Same Day ACH 48

Same Day ACH ACH NACHA Debit Transaction 48

PYMNTS

FEBRUARY 8, 2019

As reported, NYCB is moving to DNA , which Fiserv has billed as its continuously available real-time core platform, built on open architecture and featuring its real-time Dovetail Payments Platform, Corillian Online and Mobiliti digital banking products. Organic debit transaction growth was up in the high single digits.

Digital Payments 58

Digital Payments Zelle Online and Mobile Banking Payments 58

PYMNTS

DECEMBER 13, 2019

And early stats coming into the traditional shopping season seemed to show some continued lift as consumers continue to open their wallets and purses — online at least. Banking job cuts: In Europe, banks are facing continued uncertainty around Brexit, slowing economic growth and regulatory headwinds.

Federal Trade Commission 52

Federal Trade Commission Online and Mobile Banking Cross-Border Payments Federal Reserve 52

PYMNTS

NOVEMBER 21, 2016

At present, the ACH same-day conduit exists across credit, but the roadmap less than a year out mandates same-day debit transactions. ” “But if ACH is going to settle several times a day,” continued the executive, “that problem gets diminished pretty significantly. That bodes well for Sezzle.

ACH 75

ACH Same Day ACH Online and Mobile Banking Payments 75

Fintech Finance

MAY 10, 2024

Significant cost savings: Lenders can reduce non-digital payment costs by up to 50% and lower call center volume by approximately 20%, all while maintaining a high success rate for debit transactions. “Our mission at EarnUp is to empower borrowers with modern, efficient financial tools,” said Brian Gunn, CRO of EarnUp.

Debit Card 52

Debit Card Fincen Automation Debit Transaction 52

PYMNTS

NOVEMBER 28, 2016

Recurring payments can be a challenge for the accounts receivable department, but as subscription-based services continue to dominate their markets, businesses cannot afford to drop the ball. The tool negates the need for SaaS firms or their clients to manually initiate the payment.

Payments 43

Payments Payer Payment Gateways Debit Transaction 43

Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. A PIN pad allows customers to enter PINs for debit transactions.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

PYMNTS

MAY 2, 2018

Financial services technology firm Fiserv posted results on Tuesday (May 1) that met on the top line, beat on the bottom and showed continued traction in internal revenue growth and digital efforts. Mobiliti business users grew by over 50 percent as commercial capabilities, according to Yabuki, “continue to move up the digital value chain.”.

Zelle 40

Zelle Debit Transaction Continuity Real Time Payments 40

PYMNTS

SEPTEMBER 26, 2019

That consideration includes assessing the potential benefits and risks that come with the two fundamental types of bank payments: push and pull transactions. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems.

Payer 67

Payer Push-to-Card Real Time Payments Payee 67

PYMNTS

NOVEMBER 18, 2019

There has been a continuing evolution that — viewed through the prism of his own experience — has spanned decades, and moved well beyond the confines of coins in buckets and croupiers’ cages. “In Cash was king — until credit, debit and check-cashing became a significant part of the equation.”.

Online and Mobile Banking 43

Online and Mobile Banking Governance Government Legal 43

PYMNTS

OCTOBER 13, 2016

However, our research continues to show that security remains a key concern for all mobile payment users.” And biometrics companies take note, consumers are hungry for sophisticated enhanced security authentication such as facial and iris recognition, but most businesses continue to use traditional technology such as passwords.

Mobile Payments 79

Mobile Payments Online and Mobile Banking Payments Digital Currency 79

PYMNTS

FEBRUARY 6, 2017

The wave of vending operators that are embracing cashless and mobile continues to roll through the sector because there is a lot of evidence that consumers like it and spend more,” USA Technologies Senior Vice President of Sales and Marketing Maeve McKenna Duska told Karen Webster in a recent conversation. “We

Push-to-Card 68

Push-to-Card Technology Debit Transaction Agreements 68

Stax

JULY 9, 2024

Since this trend continues to gain traction, many small businesses are also implementing this option for their customers. This payment method is convenient and continues to be a growing trend, especially among younger demographics. P2P payments, such as Venmo, PayPal and the Cash App, are popular among consumers.

Electronic Fund Transfer Act (EFTA) 88

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

Tearsheet

MAY 9, 2024

Continued missed payments may escalate to debt collection, according to the company. Factors such as the sense of financial control provided by debit cards, coupled with limited access or approval for credit cards, further solidify Gen Z’s inclination towards debit transactions.

Debit Card 52

Debit Card Credit Cards BNPL Debit Transaction 52

PYMNTS

AUGUST 13, 2018

The fallout within the United Kingdom’s construction industry, due to late payments, continues. The marquee exhibit in the field continues to be the Carillion failure, which has led to a repeated outcry for more stringent efforts and legislation to monitor and enforce payment terms.

Payments 40

Payments Payer APACS Debit Transaction 40

Fintech Finance

FEBRUARY 26, 2024

Overall, organic transaction growth for January 2024 vs. the same period in 2023 is up 18% while BNPL, Corporate Spend Managers and B2C Retail providers achieved even more significant increases. This growth trend is continuing into February. Our 2024 growth to date continues the upward trend seen in the second half of 2023.”

Transactions 52

Transactions BNPL B2C FinTech 52

PYMNTS

JUNE 2, 2020

Elsewhere, at least for now, FIS is seeing continued impact among community FIs, as those institutions have been hit by small- to medium-sized businesses (SMBs) shuttering. With a nod to how people are paying as they conduct commerce online, Carrera said there has been a bit of a horse race between debit and credit payments.

Digital Payments 53

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