PYMNTS

NOVEMBER 2, 2018

billion ACH credit transactions made in the third quarter of this year. During the same period, direct deposit for payroll and other consumer disbursements represented the largest number of transactions at close to 1.7 billion internet transactions were made, representing a 14.0 billion ACH debit and close to 2.3

ACH Network 67

ACH Network ACH NACHA Same Day ACH 67

Fintech News

SEPTEMBER 17, 2024

This allows the card to be used for transactions across multiple payment networks, increasing accessibility. 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.

APACS 107

APACS Regulations Caps Real Time Payments 107

PYMNTS

APRIL 11, 2018

billion transactions valued at more than $46.8 It is the third year in a row in which the number of new ACH transactions increased by more than one billion. That propelled the value of the network’s transactions to more than double the U.S. The network saw an increase in all transactions for 2017, including a 5.6

ACH Network 44

ACH Network ACH Same Day ACH Transactions 44

Finovate

JULY 17, 2024

Percent Best Anti-Fraud/AML Solution Credit Union of Colorado ING Turkiye JP Morgan AWM Mastercard Worldpay Best Back-Office/Core Services Solution FINBOA LoanPro Mastercard Cybersecurity Mitek Systems Taktile Zafin Best Banking-as-a-Service Provider B4B Payments Colendi Grasshopper Bank North Bay Credit Union Pathward, N.A.

Credit Union 122

Credit Union Visa AI Embedded Finance 122

Payments Source

JULY 17, 2019

Artificial intelligence software could even be used to analyze and score credit transactions as is done for banking transactions, writes Monica Eaton-Cardone, COO of Chargebacks 911 and CIO of its parent company Global Risk Technologies.

Credit Transaction 73

Credit Transaction Security Risk Transactions 73

Payments Source

DECEMBER 8, 2020

Capital One contends point of sale credit transactions are too risky to support, but competitors believe it's credit card debt that's falling out of favor with consumers.

Credit Transaction 73

Credit Transaction Credit Cards Transactions Consumer 73

PYMNTS

JANUARY 6, 2021

Getting there, he told Webster, involves expanding financial inclusion through digital transactions that, effectively are — for the merchants and consumers involved– free. But now, with CoDi’s app-driven approach, info is tied to the QR codes or the NFC terminals, and the transactions are simplified.

Central Bank 145

Central Bank Financial Inclusion Wire Transfer Payments 145

Paystand

SEPTEMBER 20, 2024

Bank Transfer Why EFT Payments Matter for Businesses Key Takeaways EFT (Electronic Funds Transfer) refers to digital payment transactions, including direct deposits, peer-to-peer payments, and card transactions. Common EFT types include ACH transfers, debit/credit transactions, and wire transfers.

Transactions 40

Transactions Wire Transfer Direct Deposit ACH 40

PYMNTS

SEPTEMBER 15, 2017

We’re seeing robust use of same-day ACH credits,” said Larimer. As Phase 2 for debit transactions gets underway, the movement represents an option to transition to the two same-day windows now in place for credit transactions. Here are the numbers: $57 billion | Same-day ACH credit transactions between Sept.

Same Day ACH 52

Same Day ACH ACH NACHA Credit Transaction 52

PYMNTS

JANUARY 18, 2018

The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months, BusinessInsider reported. A similar number of institutions — 78 percent — expect credit volume will grow at a steady rate over the next six to nine months. “Use million in 2017, with the payments adding up to $87.1

NACHA 43

NACHA ACH Same Day ACH Transactions 43

Tearsheet

APRIL 22, 2024

An OCT [Original Credit Transaction] operates as a push payment, where the payment service provider pushes funds directly into the cardholder’s account. In addition to improving consumer experiences in P2P transactions, Visa+ also offers cross-platform interoperability for business-to-consumer (B2C) payment flows via its APIs.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

PYMNTS

FEBRUARY 1, 2019

In the meantime, Visa beat expectations on double-digit payments volume growth for the last quarter of 2018, with processed transactions at around 33.9 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

Visa 68

Visa Volume Transactions Credit Transaction 68

Fi911

JULY 19, 2024

It includes fraudulent transactions, account takeover, and identity theft. No Authorization Processing Errors These reason codes cover errors made during the processing of a transaction, such as duplicate charges, incorrect amount charged, or incorrect currency conversion. Incorrect Transaction Code 12.3: Incorrect Currency 12.4:

Disputes 88

Disputes Duplicate Non-Bank Authorization 88

Stax

SEPTEMBER 17, 2024

If you had to scratch your head to answer this question, you’re among 9 in 10 Americans who prefer digital transactions over traditional payment methods. Wire transfers are faster but more expensive, suitable for large, one-time, and international transactions. A typical ACH transaction is like a machine with multiple moving cogs.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

The Paypers

FEBRUARY 15, 2022

Germany-based fintech for technology-driven end-to-end solutions for credit transactions CrossLend has become a member of the Federal Association of Alternative Investments (BAI).

Credit Transaction 53

Credit Transaction Transactions FinTech Technology 53

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 19, 2020

In an interview with PYMNTS, Jim Lerdal — executive vice president of operations at PULSE , a Discover Financial Services company focused on transaction routing and settlement services — said that kind of fraud is becoming institutionalized and smarter. They are gaining insight into how the transaction flows work,” he said.

ATM 67

ATM Point-of-Sale (POS) Fraud Detection Mitigation 67

CB Insights

JUNE 11, 2021

Indonesia-based BukuWarung is a micro, small, and medium enterprise ( MSME)-focused accounting and digital payment application that offers financial products for lending, insurance, savings, and cash and credit transactions. The company reportedly has a portfolio of 6.5M registered merchants in 750 Indonesian cities.

Digital Payments 67

Digital Payments Credit Transaction Payments Participant 67

PYMNTS

JANUARY 26, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016. Direct deposit made up the largest segment of Same Day ACH transaction volume — some 52 percent, or 6.8 million transactions that totaled $5.9

Same Day ACH 54

Same Day ACH ACH Direct Deposit NACHA 54

The Paypers

MARCH 19, 2019

(The Paypers) UK Finance has released data showing that more than 40% of all debit and credit transactions in the UK were processed using contactless technology in 2018.

Contactless Payments 47

Contactless Payments Credit Transaction Finance Payments 47

PYMNTS

SEPTEMBER 14, 2018

ACH Network volume surpassed 2 billion transactions in August, an increase of more than 10 percent compared to the previous year. One key factor responsible for the growth is a 24 percent increase in internet-initiated transactions, which include bill payments and account-to-account transfers, making up 27 percent of ACH Network volume.

NACHA 49

NACHA ACH Same Day ACH Volume 49

EBizCharge

MAY 8, 2024

While ACH transactions are everywhere these days, understanding these fees can still feel like navigating a maze. This article will shed some light on ACH check processing fees, explaining each type and how they could affect your financial transactions. flat fee whether it processes a $100 or a $10,000 transaction. What is ACH?

ACH 52

ACH Checks Process ACH Network 52

PYMNTS

FEBRUARY 1, 2019

31) morning showed continued gains in processed transactions, tied in part to holiday spending during the quarter that ended in December. trillion, and switched transactions in the quarter stood at 20.1 percent to $762 billion, while credit transactions were up 6.6 Mastercard results released on Thursday (Jan.

B2B 69

B2B Continuity Visa Cross-Border 69

PYMNTS

MARCH 9, 2020

The commercial launch is anticipated during the second half of 2020, after the platform finished in excess of $30 million in letter-of-credit transactions last year during the pilot phase. And the banks that finance these transactions must trust their business partners.

Blockchain 61

Blockchain Finance Cross-Border Credit Transaction 61

PYMNTS

JANUARY 14, 2021

In addition, PSCU found that increased adoption of contactless “tap and go” transactions through dual interface cards continued to occur during last year’s holiday season. Debit contactless transactions expanded to 17.1 percent of card present activity on contactless credit cards.

Volume 62

Volume Credit Union Credit Union Service Organization NOV 62

PYMNTS

NOVEMBER 22, 2016

That’s the dollar value of Same Day ACH transactions that NACHA saw across the network through the month of October. That $5 billion in value came through 4 million transactions — as in different, individual payments across the Same Day ACH conduits. Drilling down into the 4 million transactions, a significant carve-out — 1.9

Same Day ACH 65

Same Day ACH ACH NACHA Direct Deposit 65

PYMNTS

FEBRUARY 1, 2021

Given how much the demand for installments is increasing, we are also using the already existing parts of the credit system today to scale installment payments with every [Visa] card across the board,” Cetin Duransoy , Visa’s global head of installment solutions, told PYMNTS.

Issuers 82

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

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

Global Banking and Markets provides transaction banking, financing, advisory, capital markets, and risk management services. The Corporate and Institutional Banking segment offers services including transaction banking, corporate finance, financial markets, and borrowing support. Personal Banking caters to individual customers.

Online and Mobile Banking 131

Online and Mobile Banking Treasury Non-Bank Credit Cards 131

PYMNTS

JANUARY 31, 2019

Visa beat expectations on double-digit payment volume growth even as international transactions slowed markedly. Processed Transactions – And Other Metrics – Up Double Digits. Overall, processed transactions stood at roughly 33.9 trillion, with 11 percent growth year over year, and where credit was $1.2 Within the U.S.,

Volume 67

Volume Cross-Border Cross-Border Payments Push-to-Card 67

PYMNTS

JANUARY 9, 2020

Merchants can stick these QR codes on battery packs and chargers to enable fast user transactions, Sharma explained at a press conference today. Paytm Business Khata,” as it’s known, helps merchants log financial transactions, oversee payments, and secure insurance and loans.

Push-to-Card 54

Push-to-Card Underserved Payments Credit Transaction 54

Paystand

NOVEMBER 21, 2024

Key Takeaways Central Role in Transactions: Issuing banks are pivotal to the payment process, ensuring secure and seamless credit and debit card transactions. Risk Management: Issuing banks face key risks, including credit risk, transaction fraud, and account fraud, requiring advanced tools and systems to mitigate them.

Debit Transaction 40

Debit Transaction Debit Card Credit Risk Mitigation 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

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. Merchant accounts form an essential piece of payment infrastructure for businesses that want to process online transactions.

Accounts 88

Accounts Online and Mobile Banking Payment Gateways PCI DSS 88

PYMNTS

JANUARY 25, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. The first phase launched in September of last year, making ACH credit transactions eligible for same-day processing. million transactions, totaling $5.9

Same Day ACH 40

Same Day ACH NACHA ACH Direct Deposit 40

PYMNTS

SEPTEMBER 2, 2019

HSBC has issued its first yuan blockchain-based letter of credit transaction, Reuters reported. Clearly we are hoping that through this technology, the unit cost of doing a transaction comes down, along with other benefits, such as speed.”.

Blockchain 57

Blockchain Non-Bank Duplicate Bitcoin 57

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