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Payments Dive
MAY 29, 2024
Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D.
174 
Payments Dive
MAY 31, 2024
Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.
195 
Payments Source
FEBRUARY 18, 2021
Marqeta reached a $4 billion valuation over the last decade focusing only on prepaid and debit card issuing, and now it’s retooled its digital platform to issue credit cards, too.
165 
Stax
DECEMBER 20, 2023
Interchange is the fee that credit card companies like Visa and Mastercard charge businesses to accept their cards. In this article, we will break down credit card interchange fees so you will know exactly how much you’re spending when running your business. How much does interchange cost?
167 
Clearly Payments
OCTOBER 22, 2024
As a merchant, understanding how a PIN (Personal Identification Number) works with credit and debit card transactions is essential for running a secure and efficient payment process. This guide explains how a PIN functions in credit and debit card payments and its importance for merchants. What is a PIN?
93 
Payments Dive
AUGUST 10, 2023
The telecom carriers are incentivizing customers to use their debit cards or bank accounts, as opposed to credit cards, in automatic bill-pay programs.
148 
Payments Source
MAY 21, 2020
Customers normally receive debit and credit cards inside a branch. Now banks are shifting the process to their drive-throughs and finding alternative ways for cardholders to key in their PINs.
169 
Payments Dive
JUNE 27, 2024
Spending by travelers and tourists is often done in cash or by debit card, even if most travelers would prefer to pay another way.
156 
Fintech News
FEBRUARY 28, 2024
Xiaomi-backed online brokerage Tiger Brokers Singapore has collaborated with online money transfer service Wise to introduce the Tiger BOSS debit card. With the Tiger BOSS debit card, users can start deploying rewards earned into their investments of choice from the time when a transaction is approved.
118 
Electronic Payments Coalition
FEBRUARY 7, 2024
Since Congress introduced price caps and routing mandates on debit cards in 2011, research from independent and government sources has illuminated their disproportionate negative impact on small businesses. Now, Senators Dick Durbin and Roger Marshall aim to extend similar mandates to credit cards. They shouldn’t.
116 
Electronic Payments Coalition
JANUARY 17, 2024
The independent Congressional Research Service (CRS) released the latest in a string of reports questioning the benefits and raising the unintended consequences of the Durbin-Marshall credit card bill.
105 
Electronic Payments Coalition
FEBRUARY 1, 2024
Nearly 15 years since Congress imposed new mandates on your debit card, Senators Dick Durbin and Roger Marshall are trying to do the same thing to American’s credit cards. Congress should listen to the facts and oppose the Durbin-Marshall Credit Card Bill.
110 
Synapse Payment Systems
AUGUST 25, 2022
Almost every business accepts credit card payments these days. The good news is that it is possible to learn how to lower credit card processing fees. Here’s what you should know about negotiating lower credit card processing fees. Most credit card processing fees are between 2.5
130 
Stax
DECEMBER 20, 2023
In the complicated world of payment processing, understanding the nuances of debit card and credit card payments, along with associated processing fees, is essential for businesses. TL;DR Card brands such as Visa and MasterCard along with state and federal laws prohibit debit card surcharging.
88 
Basis Theory
NOVEMBER 13, 2023
How Credit and Debit Cards Compare The fundamental difference between a credit and debit card is whose money is being used in the transaction: with a credit card, the consumer is borrowing from the card issuer , while with a debit card they are using their own money, stored with the issuing bank.
88 
Stax
APRIL 18, 2024
Accepting credit card transactions is no longer a decision of whether to but rather how to. With cashless now BEING king, credit and debit cards are the primary method for your customers to make payments. of consumer payments came through card payments. Card Network (e.g., Pre-pandemic, 62.3%
88 
Clearly Payments
DECEMBER 2, 2024
With over 79% of consumers using credit or debit cards for transactions, businesses that do not accept cards risk losing significant sales. This article will explore the various ways businesses can accept credit cards, including their advantages, costs, and considerations. Pros Fast and secure transactions.
96 
Stax
MAY 7, 2024
With credit card transaction volume hitting over $9.5 trillion in the US in 2022, accepting card payments is no longer a question of whether to, but how to. To complete payment processing, credit card companies have to charge processing fees. Cashless transactions have dethroned the age-old cash payments.
88 
Stax
JANUARY 10, 2024
Credit card transactions have quickly become the lifeblood of eCommerce businesses and storefronts alike. According to Capital One, global credit card transactions in 2022 reached an estimated 678 billion —an average of 1.86 However, accepting credit cards does come with a flipside; the ongoing sting of credit card fees.
88 
Stax
NOVEMBER 21, 2024
Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. In this article, you will discover all you should know about credit card payment processing for small businesses.
88 
Stax
FEBRUARY 28, 2024
Passing credit card fees onto customers has been hotly debated , but most of the country has agreed: Credit card surcharge should be available to merchants. TL;DR Surcharging allows merchants to pass on credit card fees. What is Credit Card Surcharging?
88 
Stax
NOVEMBER 14, 2024
Credit card processing can be overwhelming, expensive, and confusing. Credit, debit, and digital payments have far and away become the most popular payment method. If your AOV is above $25, you must accept credit cards. TL;DR There are several parties involved in credit card processing.
88 
Stax
JANUARY 5, 2024
Many merchants face the trouble of sifting through numerous credit card machine options, looking for a terminal that fits with their business. TL;DR A credit card terminal is a device commonly used by businesses to handle credit and debit card transactions.
88 
Stax
OCTOBER 21, 2024
Accepting credit card payments at your business is a surefire way of increasing customer satisfaction and retention. Over 80% of American adults owned at least one credit card in 2023. Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide. Don’t believe it?
88 
Stax
JULY 30, 2024
Credit cards are incredibly convenient as a payment method. Unfortunately for them though, credit card payments come with a cost. billion in fees for accepting Mastercard and Visa credit cards in 2023. This was, in fact, the first time that swipe fees for these two card networks crossed $100 billion.
88 
Clearly Payments
MARCH 28, 2024
Accepting credit card payments is no longer a luxury but a necessity for most businesses. People are using credit cards more while cash use is declining. As a result, choosing the right credit card machine for your business is crucial for ensuring smooth transactions and customer satisfaction.
82 
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.
87 
Stax
DECEMBER 13, 2023
Did you know that in 2021, merchants ended up paying a whopping $105 billion in credit card processing fees? Even though they’re one of the most popular payment options today, accepting credit cards at your business can turn out to be a significant expense. Visa, Mastercard, American Express, Discover, etc.)
88 
Payments Next
OCTOBER 28, 2024
By Steve Tcherchian, CISSP, PCI-ISA As we near the holiday season, thieves are hard at work with new and clever tactics designed The post 4 Reasons Why You Should Ditch Your Debit Card This Holiday Season (and permanently) first appeared on Payments NEXT.
88 
Stax
SEPTEMBER 26, 2024
Credit card surcharges are increasingly becoming a fact of life. Industry data shows that 9 out of 10 credit card users say they don’t want to pay surcharges but do it anyway. That said, you can’t just decide and impose credit card surcharges overnight. Learn More What is a Credit Card Surcharge?
88 
Stax
DECEMBER 2, 2024
In recent years, market adoption of credit card surcharging—a practice by which merchants pass on the transaction fee for accepting a credit card to the cardholder—has increased dramatically. Do these laws impact compliant credit card surcharging? What are drip pricing laws?
68 
Stax
NOVEMBER 15, 2023
TL;DR Credit card interchange fees are the fees that merchants pay to banks and credit card companies every time they accept credit cards. These fees help cover the costs of processing the payment and maintaining the card network. Learn More What are credit card interchange fees?
88 
Stax
JANUARY 15, 2024
Are you struggling with resource constraints caused by soaring credit card processing costs? Credit card surcharging can help offset these expenses, but it can be tricky. TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs.
88 
Stax
APRIL 2, 2024
Credit card processing fees are expensive. In 2022, industry data shows that credit card companies earned a whopping $126.4 With many consumers opting for non-cash payment methods like contactless payments , businesses often have no choice but to accept credit card payments to attract and retain customers.
88 
Stax
APRIL 18, 2024
This blog will walk you through how your customers are using mobile credit card processing, how you can accept payments using mobile technology, what sorts of features to look for in a mobile solution, and some exciting statistics about the future of payment technology. What is mobile credit card processing?
88 
Fintech Finance
JUNE 18, 2024
UK Finance today releases its card spending data for March 2024, covering the monthly value and volume of transactions across debit and credit cards. The data shows the number of contactless cards in issue in the UK topped 150 million (150,172,000) for the first time in March 2024. per cent higher than March 2023.
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Payments Source
MAY 5, 2021
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144 
Fintech Finance
SEPTEMBER 4, 2024
Credit card fraud is the most costly and common type of card fraud, according to Trustly’s research. Over £33 million was reported stolen through credit card fraud between 2021 and 2023. This compares to just over £24 million reported stolen through debit card fraud.
98 
Fintech Finance
JULY 31, 2024
STICPAY , a leading global e-wallet service provider and payment gateway, today announces the integration of Visa and Mastercard debit and credit card payment processing into its platform, affording it’s more than 5,000 merchant and corporate clients greater flexibility and convenience in handling payments.
Fintech Finance
JUNE 24, 2024
Visa will continue to provide all Lloyds Banking Group’s consumer and business debit cards, including over 30 million Visa credentials already in issue, as well as the majority of consumer and commercial credit cards with around 10 million cards migrating to Visa by the end of 2026.
97 
The Fintech Times
DECEMBER 12, 2024
Looking to elevate the credit card experience for consumers in Uzbekistan, TBC Bank Uzbekistan (TBC UZ), a digital bank in the country, has launched its first credit card product. The launch of Osmon Card comes as TBC continues to broaden its product offering in the country and expand access to digital financial services.
64 
Tearsheet
FEBRUARY 7, 2024
This indicates a shift away from physical debit card usage toward using debit cards through digital wallets. This contrasts with credit card usage, where the older the generation, the greater the reliance on credit cards. However, this can also translate into a missed opportunity.
119 
The Fintech Times
AUGUST 19, 2024
As consumers in the UK and beyond continue to turn to credit and debit cards as their first payment method, more and more also find themselves in debt, according to new findings. The data comes from UK Finance , the collective voice for the banking and finance industry, which has released insights into card spending in the UK.
64 
Clearly Payments
APRIL 16, 2024
Interchange rates are a cost for credit card transactions for merchants. Interchange is the revenue for credit card companies and issuing banks. The two countries also have some big differences on how payment processing fees work across debit cards and credit cards. of the transaction amount.
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