Fintech News

SEPTEMBER 17, 2024

Surcharging refers to the practice where merchants add an additional fee to a transaction when a customer chooses to pay with a specific payment method, typically a credit card. This surcharge is intended to recoup the costs associated with accepting card payments.

APACS 107

APACS Regulations Caps Real Time Payments 107

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

APRIL 23, 2019

However, according to Ondot Systems CEO Bharghavan Vaduvur (BV) in a recent conversation with PYMNTS’ Karen Webster, win or lose, Apple will change the conversation about how we pay by spurring existing stakeholders — especially card issuers — to examine how they come to market. The digital card will be linked to Apple Pay.

Issuers 80

Issuers Credit Cards Payments Card Issuer 80

PYMNTS

JUNE 24, 2020

And as the ways and means of paying online – spanning mobile wallets, person to person (P2P), card-not-present (debit and credit) transactions and a host of others – proliferate, the merchants that pivot to take into account (and respond to) customer preferences will be successful.

PCI DSS 95

PCI DSS Payment APIs and Integration Gateways Payments 95

PYMNTS

FEBRUARY 1, 2019

The failure to formally accept applications from two of the biggest credit card brands in the world seems to be proof of that. Mastercard revealed continued gains in processed transactions , with gross dollar volume up 14 percent to $1.5 trillion, while switched transactions came in at 20.1 percent to $787 billion.

Visa 68

Visa Volume Transactions Credit Transaction 68

PYMNTS

APRIL 30, 2018

Today’s stories include a discussion about how India could go from credit card laggard to having one of the most sophisticated payments systems in the world, the outlook for initial coin offerings (ICOs), a development in augmented reality (AR) retail and news about growth in ACH debit and credit transactions.

Same Day ACH 41

Same Day ACH ACH NACHA PayPal 41

Fintech News

MAY 23, 2024

It concentrates on individual and corporate clients, credit card services, and small and medium enterprises. Personal Banking offers personal loans such as housing and consumption loans, debit and credit cards, personal deposits, internet finance products, and financial management services.

Online and Mobile Banking 131

Online and Mobile Banking Treasury Non-Bank Credit Cards 131

PYMNTS

FEBRUARY 1, 2021

PYMNTS’ own research has shown that 59 percent of more than 2,270 consumers are finding it harder to pay their bills, and of those who were determined to be living paycheck to paycheck, only 30 percent of respondents said they prefer to pay for their eCommerce purchases with credit cards; about half opt for debit cards.

Issuers 82

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

Stax

DECEMBER 27, 2023

A merchant account acts as a pathway between your business, your customers, and the issuer and acquiring banks to process electronic transactions like credit cards. This includes credit card payments, debit cards, and other payment options that require a merchant account to process payments, such as eChecks and ACH.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

Finovate

MARCH 20, 2024

The post-purchase BNPL plans work differently for purchases made with a debit card than they do with a credit card. For transactions made with a debit card, the bank or fintech disburses the funds to the customer’s Galileo DDA or an external account. Curve launched its credit card in the U.S.

Posting 52

Posting BNPL Debit Card Credit Cards 52

PYMNTS

JANUARY 14, 2021

Debit contactless transactions expanded to 17.1 percent of card present activity on contactless debit cards between the beginning of November and the end of December, as contactless credit transactions expanded to 12.1 percent of card present activity on contactless credit cards.

Volume 62

Volume Credit Union Credit Union Service Organization NOV 62

Clearly Payments

JULY 26, 2024

Consumer data, primarily gathered from credit card transactions, offers information that can help businesses enhance their operations, understand customer behavior, and ultimately increase their profitability. Transaction Date and Time The specific date and time when the transaction occurred.

Payments Data 52

Payments Data Consumer Fraud Detection Credit Cards 52

Paystand

NOVEMBER 21, 2024

How does the payment cycle work for customers who use credit cards? How does the payment cycle work for customers who use debit cards? Key Takeaways Central Role in Transactions: Issuing banks are pivotal to the payment process, ensuring secure and seamless credit and debit card transactions.

Debit Transaction 40

Debit Transaction Debit Card Credit Risk Mitigation 40

Electronic Payments Coalition

MARCH 26, 2024

credit card interchange rates for at least a five-year period as part of a legal settlement with merchants. issued consumer credit and commercial credit transactions at U.S. issued credit programs, including new products required to be accepted under the Mastercard brand. MASTERCARD STATEMENT: PURCHASE, N.Y.–(BUSINESS

Agreements 52

Agreements Payment Networks Settlement Credit Cards 52

PYMNTS

JANUARY 30, 2020

Drilling down into the payments volume, and as shown in supplemental materials from the company, total credit transaction volumes were $1.3 The total transaction count was up 10 percent to 54.8 He also noted that the company had been selected for the Venmo co-branded credit card. Tap To Pay. “In

Contactless Payments 91

Contactless Payments Transactions Cross-Border Volume 91

PYMNTS

JULY 2, 2017

Visa, the credit card company, and Interswitch, Africa’s integrated payments and transaction solutions company, announced news on Friday (June 30) that they will partner to accelerate mobile payments adoption across the region.

Mobile Payments 46

Mobile Payments Enrollments Payments Interoperability 46

Fintech Finance

DECEMBER 13, 2023

for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for consumer credit transactions (where the transactions are made online[1] at UK businesses) A lasting cap on these interchange fees in the future, once further analysis has been carried out to establish an appropriate level.

Cross-Border 59

Cross-Border Caps Debit Card Visa 59

PYMNTS

NOVEMBER 22, 2016

This is the percentage of payments made through P2P transactions using same-day payments. That’s represented by “web ACH credit transactions,” said Estep. This is a new transaction type, said Estep, with a debut just two years ago. 13 percent.

Same Day ACH 65

Same Day ACH ACH NACHA Direct Deposit 65

Neopay

DECEMBER 18, 2023

for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for consumer credit transactions (where the transactions are made online [1] at UK businesses) A lasting cap on these interchange fees in the future, once further analysis has been carried out to establish an appropriate level. for credit cards.

Cross-Border 52

Cross-Border Caps Regulations Visa 52

Stax

SEPTEMBER 17, 2024

ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACH debit transactions). A typical ACH transaction is like a machine with multiple moving cogs. Wire transfers are credit transactions where the sender sends money to the recipient.

Wire Transfer 88

Wire Transfer Wires Wire ACH 88

PYMNTS

DECEMBER 21, 2016

Sure, credit cards got stolen or skimmed from time to time — but such occurrences were comparatively rare. Forty million card accounts represents a lot of cardholders, and just about everyone knows someone who’s been a victim.”. There was a time when data breaches were not a daily part of consumers’ day-to-day lives.

Breach 52

Breach EMV Compromise Push-to-Card 52

PYMNTS

OCTOBER 30, 2018

The company said that gross dollar volume, which is the total dollar volume of transactions processed, reached $1.4 Breaking that down a bit, debit and prepaid transactions stood at $720 billion, up from $642 billion last year. Credit transactions were $748 billion in the quarter, which was up from $705 billion last year.

B2B 71

B2B Visa Cross-Border Volume 71

Fi911

AUGUST 31, 2023

The goal here is fostering fairness and transparency in credit transactions and helping consumers compare different lending options. TILA mandates that lenders disclose key information to borrowers before extending credit. Section B: Addresses open-ended credit products. Who is Subject to the Truth in Lending Act?

Consumer Financial Protection Bureau (CFPB) 52

Consumer Financial Protection Bureau (CFPB) Risk Mitigation Online and Mobile Banking Non-Bank 52

Nanonets

APRIL 8, 2024

Examples include direct ACH payments for utility bills, to a friend as an alternative to wire transfers, and to your credit card company to pay your monthly statement. ACH credit transactions can include your payroll, government benefit payments, tax refunds, or invoiced payments for contractors.

ACH 52

ACH Wire Transfer ACH Network Tax Refunds 52

PYMNTS

JANUARY 31, 2017

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. Within the U.S., Cross border volumes were up 13 percent.

Visa 40

Visa Cross-Border Volume Debit Transaction 40

PYMNTS

JULY 26, 2018

Of that, credit transactions edged debit, to a respective $757 billion and $718 billion. (focused on swipe fees), and that amount in the quarter came to $225 million, with almost all of that, at $210 million, allocated to U.S. Drilling down a bit, gross dollar volumes were up 14 percent to $1.5

Cross-Border 40

Cross-Border Volume Visa Adjustments 40

PYMNTS

OCTOBER 25, 2019

Within that figure, debit payments were up 11 percent in constant dollars to $1 trillion, while credit transactions were up 7 percent to $1.2 Total transactions and processed transactions were both up 11 percent to a respective 53.2 Cards in the field, so to speak, were up 4 percent year on year to 3.4

Volume 42

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

PYMNTS

JULY 15, 2016

The CFPB’s position is that when prepaid card users overdraw those accounts, those overdrafts should be treated as credit transactions and, therefore, treated like credit cards. Regulation Z governs credit products, forcing full credit underwriting when credit is extended.

CFPB 40

CFPB Push-to-Card Rules Deposit Account 40

PYMNTS

APRIL 21, 2017

Taken on a consolidated basis, credit and debit card spending, which took into account Visa Europe but adjusted for the vagaries of currency fluctuations, showed 37 percent growth at $1.7 Credit transactions, as measured on a consolidated basis, were $974 billion, with a 25 percent change, and debit was up 58 percent to $755 billion.

Debit Card 40

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

Nanonets

JULY 24, 2024

If the percentage is high, buyers pay their credit card vendors on time. A low percentage suggests a pattern of late or nonpayment to vendors for credit transactions. This might be because of good lending conditions or an indication of cash flow issues and a deteriorating financial situation.

Accounts 52

Accounts Automation Transactions Process 52

PYMNTS

FEBRUARY 2, 2018

Total processed transactions were up 12 percent to 30.5 billion, and debit and credit transactions were up as well. The Middle East and Central Europe regions led worldwide growth, up 19 percent. Latin America was up 14 percent, driven by Argentina. Canada grew 11 percent.

EMV 40

EMV Volume Cross-Border APACS 40

PYMNTS

SEPTEMBER 22, 2020

Credit cards were rarely issued to women directly: A woman’s card was generally issued as a rider on her husband’s, and it was nearly impossible for women to secure cards and loans without male consignors. The ECOA changed this by specifically banning it.

Credit Cards 140

Credit Cards Laws Social Security Legal 140

Clearly Payments

FEBRUARY 8, 2024

Truth in Lending Act (TILA): Originally enacted in 1968 and subsequently amended, TILA requires lenders to disclose key terms and costs of credit transactions to consumers. It aims to promote the informed use of credit and protect consumers from unfair or deceptive lending practices.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

M2P Fintech

MARCH 28, 2024

Co-branded Credit Cards A co-branded credit card is a cred it card issued by a joint effort between a bank and another non-financial brands or merchants. These loans include term loans, credit cards, BNPL , and auto loans.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

EBizCharge

NOVEMBER 11, 2024

The goal is to confirm that all transactions are accounted for and properly recorded. Accounting reconciliation is critical for maintaining financial accuracy and involves different types, such as bank and credit card reconciliation.

Reconciliation 52

Reconciliation Best Practices Non-Bank Audit 52

PYMNTS

JANUARY 29, 2019

Credit transactions were up 10 percent, and debit transactions were up 12 percent. On a global stage, it will be worth watching the impact of the economic slowdown that is hitting several regions, especially China, where in the past growth in the United States has offset a slump in dual-branded card volume.

Volume 46

Volume B2B Cross-Border Credit Union 46