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PSCU: Debit Card Spend Growth Above Historic Levels

PYMNTS

The weekly report showed that overall credit card spending was down 17 percent, while overall debit card spend was higher by 12.3 The average debit card purchase amount rose 19.9 percent year over year, and the volume of overall debit transactions grew for the sixth consecutive week.

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PSR Provisionally Proposes to Cap Cross-Border Interchange Fees on Credit and Debit Cards to Protect UK Businesses

Fintech Finance

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.

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Debit Surge Has Ripple Effects On Networks And Issuers

PYMNTS

Both firms’ management stated during their respective earnings calls that debit spending remained healthy subsequent to the end of the quarter. The issuers, too, have seen surges in debit spending. Wells Fargo stated that debit card purchase spending was up 11 percent; J.P. As to where that debit spend is going: J.P.

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How FIs Can Win The Battle Against ‘Smarter’ Payments Fraud

PYMNTS

He added that other variables must come into play when examining risk, focused on a consumer’s history: where, when and how they shop and transact. Using A Debit Card At Walmart. “We’re constantly educating ourselves as much as we can,” Lerdal said.

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The Payment Systems Regulator is propsing to cap cross-border interchange fees

Neopay

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.

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First Data Brings UnionPay Cards To The US

PYMNTS

24) they had formed a new partnership to expand the acceptance of the UnionPay card in the U.S. to pay with their UnionPay chip, credit and debit cards at First Data merchant clients. Commerce-enabling technology provider First Data and international bankcard company UnionPay International announced Tuesday (Oct.

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Deep Dive: The Benefits And Challenges Of Real-Time Push Payments

PYMNTS

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.

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