Electronic Payments Coalition

MARCH 26, 2024

Today’s settlement agreement with merchants resolves claims against Visa, Mastercard and other defendants brought by the injunctive relief class in the lawsuit entitled In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation. MASTERCARD STATEMENT: PURCHASE, N.Y.–(BUSINESS merchant locations.

Agreements 52

Agreements Payment Networks Settlement Credit Cards 52

PYMNTS

JANUARY 31, 2017

Shares of global payments processor Mastercard were down roughly 2.8 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. percent in midday trading on Tuesday (Jan. Within the U.S.,

Visa 40

Visa Cross-Border Volume Debit Transaction 40

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

PYMNTS

FEBRUARY 1, 2021

trillion, while credit slipped 9 percent. Mastercard , for its part, said that its own gross dollar volumes were up 1 percent in the quarter, with gross dollar debit spending up 8.5 percent year on year, while credit was down roughly 7 percent. For the network giant, debit volumes were up 20 percent to $1.2 generally preferred.”

Issuers 82

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

Fi911

JULY 19, 2024

Major card networks such as Visa and Mastercard use their own specific sets of reason codes. Canceled Recurring Transaction 13.3: Credit Not Processed 13.7: Original Credit Transaction Not Accepted 13.9: This can include goods or services not received, defective merchandise, or billing errors. Misrepresentation 13.6:

Disputes 81

Disputes Duplicate Non-Bank Authorization 81

PYMNTS

JULY 20, 2018

Financial Times reported that Mastercard, which powers the Faster Payments system through its Vocalink unit, had experienced a separate outage last week. Rival Visa had also reported a glitch that affected millions of debit and credit transactions last month.

Funds Transfer 40

Funds Transfer Faster Payments Credit Transaction Visa 40

EBizCharge

JULY 25, 2024

These fees are intended to cover the cost associated with credit card processing fees, which merchants pay to credit card companies such as Visa, MasterCard, or American Express for each transaction to purchase goods or services.

Best Practices 52

Best Practices Credit Cards Compliance Debit Card 52

PYMNTS

FEBRUARY 1, 2019

Cross-border transactions were up 7 percent in the quarter. Mastercard. Debit transactions were up 12.2 percent in the December period, credit transactions up 6.6 Total card growth across the portfolio was four percent to 3.3 billion cards. Gross dollar volume up 14 percent to $1.5 billion.

Volume 46

Volume Cross-Border Debit Transaction Venmo 46

PYMNTS

APRIL 23, 2019

A brief recap: Last month, Apple said that, in partnership with Mastercard and Goldman Sachs , it would debut a new credit card , in virtual and plastic forms — with 2 percent cash-back rewards linked to the virtual offering and 1 percent rewards linked to the tangible.

Issuers 80

Issuers Credit Cards Payments Card Issuer 80

Fintech News

SEPTEMBER 17, 2024

Australia, for example, introduced caps on interchange fees in 2003 for both credit and debit transactions. Between Q1 2003 and Q1 2004, the average Visa and Mastercard cost of acceptance fell from 1.45% to 1.08%. per transaction, according to Bankrate.com.

APACS 105

APACS Regulations Caps Real Time Payments 105

Fintech Labs Insights

NOVEMBER 9, 2015

Interac debit card transactions have a processing fee of $0.25; Visa and MasterCard credit transactions have a fee of 2.75%. Dream mPOS also comes with an online dashboard where business owners can create reports, study analytics, and more right from their smartphones. The card reader is available through TELUS for $100.

EMV 25

EMV Small Business Payments Debit Card 25

PYMNTS

DECEMBER 21, 2016

At the time the big question mark was whether consumers were going to abandon ship on debit and jump back to credit cards — since bad credit transactions are much easier to deal with than a thief who has managed to gain access to one debit and PIN information and drain their bank account. an issuer).

Breach 52

Breach EMV Compromise Push-to-Card 52

Clearly Payments

FEBRUARY 8, 2024

Payment Networks: Major payment networks such as Visa, Mastercard, and the Automated Clearing House (ACH) Network also play significant roles in regulating payment transactions. It aims to promote the informed use of credit and protect consumers from unfair or deceptive lending practices.

Regulations 87

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 87

Clearly Payments

JULY 26, 2024

Payment Method Details about the payment method used, such as the type of credit card (Visa, MasterCard, etc.), and whether it was a debit or credit transaction. Customer Demographics (if available) Information about the customer, such as age, gender, and income level.

Payments Data 52

Payments Data Consumer Fraud Detection Credit Cards 52

PYMNTS

JANUARY 31, 2019

trillion, with 11 percent growth year over year, and where credit was $1.2 credit transactions came in at $498 billion, and $446 billion for debit. As has been widely reported, Mastercard topped Visa’s $250 million December bid for the firm by about 10 percent and the U.K. Breaking that down a bit, U.S.

Volume 67

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

Fintech News

MAY 23, 2024

The RBI restricted Paytm Payments Bank from accepting new deposits and conducting credit transactions after February 29, 2024, after the bank failed to comply with regulatory requirements despite repeated warnings. The digital bank offers savings and time deposit accounts with interest rates up to 6.50% per annum.

Online and Mobile Banking 129

Online and Mobile Banking Treasury Non-Bank Finance 129

PYMNTS

FEBRUARY 2, 2018

Similar to its rival Mastercard, Visa announced results for the quarter that ended in December of last year (the company’s fiscal first quarter) that — once tax impacts from recently passed legislation are factored out — topped expectations. Total processed transactions were up 12 percent to 30.5 The bottom line was $1.08

EMV 40

EMV Volume Cross-Border APACS 40

PYMNTS

JANUARY 29, 2019

Credit transactions were up 10 percent, and debit transactions were up 12 percent. Mastercard earlier this month trumped that bid, with an offer that was roughly 10 percent higher than Visa’s, and was ultimately embraced by Earthport. trillion, with 11 percent growth in the quarter that ended in September.

Volume 46

Volume B2B Cross-Border Credit Union 46