The Fintech Times

AUGUST 12, 2024

US consumers are increasingly turning to debit cards for their everyday transactions, driving a significant surge in the number of transactions and overall spending. The 2024 PULSE Debit Issuer Study reveals that in 2023, the total number of debit cards, transactions and annual spending per active card all saw substantial increases.

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Payments Source

APRIL 14, 2019

As major payments M&A deals mount, some free agents are awaiting deals of their own — and one area where that’s most apparent is in debit and ATM networks.

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Payments Source

JULY 31, 2018

Italy’s domestic debit network Bancomat is integrating the country’s Jiffy P2P service to expand mobile payment services to 37 million bank customers.

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The Fintech Times

SEPTEMBER 27, 2024

Visa has been accused of maintaining a monopoly over debit network markets in violation of Sections 1 and 2 of the Sherman Act. In 2020, the Justice Department filed a civil antitrust lawsuit to stop Visa from acquiring Plaid , a technology company that powers fintech apps developing disruptive options for online debit payments.

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Payments Source

JUNE 7, 2018

Retailer associations and debit network providers have formed the Secure Payments Partnership, designed to address the ongoing problem of payment fraud.

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Payment Savvy

JULY 3, 2024

Understanding debit card processing fees is important for any business that takes card payments. What Are Debit Card Processing Fees? Debit card processing fees are charges that businesses must pay every time they accept a debit card payment.

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Payments Source

NOVEMBER 10, 2020

The Interac debit network is expanding online and in-store options for Walmart customers throughout Canada, looking to have new technology in place by spring of 2021.

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Fintech Finance

SEPTEMBER 9, 2024

Benefits of Intelligent Payment Routing for US debit payments include: Easy Adoption : The feature does not require additional code or work, but quickly and easily transforms debit card payments into profit savings. Federal Reserve , nearly one-third of all payments, both in-person and online, were made via debit cards.

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Fintech Finance

AUGUST 15, 2024

Neural Payments’ innovative platform enables bank customers to transfer money from their account to anyone, regardless of whether the recipient’s institution utilizes Neural Payments and without the need to download a third-party app or register a new card. Recipients can claim their payment within seconds after funds are sent. “A

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Payments Source

NOVEMBER 14, 2017

Australia has a high ratio of consumers using contactless payment cards, while mobile payment adoption has lagged because of some large banks’ aversion to supporting Apple Pay and slower uptake in the region for Android Pay.

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PYMNTS

OCTOBER 14, 2020

When the chips are down, consumers love and trust their debit cards. Among clear COVID-era trends is the embrace of debit for managing and mastering new realities. Debit cards remain the payment method of choice among U.S. Debit cards remain the payment method of choice among U.S.

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Payments Source

APRIL 26, 2017

The payments processing and technology giant should add more merchant services and marketing to its Star network to overcome competitive and regulatory pressure, writes Eric Grover, a principal at Intrepid Ventures.

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Payments Source

FEBRUARY 27, 2019

P2P transfer apps aren't just for splitting the rent — they can also be portals to a wider array of financial services, as Canada’s national Interac debit network plans to prove.

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Payments Source

AUGUST 6, 2018

Interac and Bambora see an opportunity to pull back Canadian domestic e-commerce transactions from credit cards to Interac debit and make it possible for Canadians to shop online in the U.S. with Interac cards.

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PYMNTS

JANUARY 30, 2020

This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Consumers also show continued interest in debit even as they adopt newer payment instruments, and a 2019 report found that 61 percent of mobile wallet users linked debit cards. The solution is.

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PYMNTS

MARCH 30, 2020

Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Around The Next-Gen Debit World.

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Stax

MARCH 14, 2024

Currently, in the United States, most credit cards are chip and signature, while most debit cards are chip and PIN. Like magnetic strip credit cards, you sign for a purchase when using a chip credit card. When using a chip debit card, you enter a PIN just as you did with your magnetic strip debit card.

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PYMNTS

NOVEMBER 14, 2019

In today’s top news, DoorDash keeps growing and Visa and Mastercard face big questions over their debit card programs. FTC Probing Visa, Mastercard About Debit Card Practices. Three billion credit and debit cards. And investors seek late-stage investments. DoorDash Adds Another $100M To $2B Coffer.

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Payments Source

JUNE 10, 2018

Beem It, a startup owned by three of Australia’s largest banks, has launched a free real-time social payments app designed to run on older debit networks instead of the country's new faster payments platform.

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PYMNTS

NOVEMBER 12, 2019

The rise, according to PULSE, has come in tandem with a sharp increase in card-not-present (CNP) transactions, which have seen growth rates of about 24 percent. billion debit card transactions in 2018. In one example of CNP activity, account to account activity accounted for as many as 1.2

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Payments Source

APRIL 30, 2018

The growth and popularity of debit payments has been driving monumental change in the U.S. and Domestic Debit Networks have been at the forefront of this wave of innovation, adapting their products and services to meet these changing market needs, writes Paul Tomasofsky, executive director of the Debit Network Alliance.

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PYMNTS

OCTOBER 19, 2017

announced news of a partnership with domestic Australian debit network eftpos. The collaboration will allow eftpos to support Apple Pay through its issued debit cards. Rambus’ TSP technology replaces traditional account numbers used by plastic cards with alternative identifiers called payment tokens.

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PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible.

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Payments Source

MARCH 27, 2018

Domestic debit networks' duel-message transaction options have the ability to disrupt the customer experience, add complexity to back offices operations, and impact issuers’ contractual obligations to their global networks, writes Patrick Goodwin, president of SRM.

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PYMNTS

MARCH 4, 2020

Department of the Treasury’s Bureau of the Fiscal Service disburses monies to federal benefit recipients, from veterans to senior citizens and many others, it uses millions of direct deposit prepaid debit cards as part of the payments mix. million prepaid debit cards to mostly unbanked federal beneficiaries.

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PYMNTS

NOVEMBER 23, 2016

The company said that, with the chip cards, routing and processing of debit transactions are made possible across two payment application identifiers (AID) that are contained on the chip. Common Debit AID and the Visa Debit AID. The AIDs are known as the U.S.

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Payments Source

JUNE 6, 2017

Android Pay achieved a broad and rather sudden rollout in Canada this week when the nation’s domestic debit network, Interac, announced its support for the mobile payment service days after Google officially launched Android Pay there.

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Cardfellow

FEBRUARY 27, 2025

In fact, there are two areas where it can excel: debit routing and fraud prevention. In this article, well look at the first one – how AI can help save your business money through debit card interchange optimization. Which businesses benefit the most from AI debit routing for cost savings? But which network?

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PYMNTS

FEBRUARY 25, 2020

The companies recently announced their collaboration, which will also enable Esker businesses to accept payments via a range of payment rails, including credit and debit cards, as well as direct debit networks like ACH and SEPA.

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PYMNTS

APRIL 2, 2020

Debit has never been more popular with U.S. consumers, who made almost 73 billion non-prepaid debit card transactions in 2018 – and the final 2019 number is bound to be bigger. How those debit payments are routed is the invisible part of the process – and a huge moneymaker. The Finer Points of Routing.

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PYMNTS

JUNE 3, 2020

Consumers are also rethinking whether they should be paying for goods with cash, credit cards or debit cards. The volume of grocery purchases made over PULSE’s debit network was 25 percent higher than usual during March 17 to March 24, for example. percent higher than PSCU had seen during the same period in 2019.

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PYMNTS

APRIL 5, 2019

.” The Same-Day ACH capability adds to OnDeck’s existing offerings, which can also provide a small business with real-time access to line of credit or loan funds via their business debit cards, the result of a collaboration with Ingo Money and Visa Direct. ”

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PYMNTS

MARCH 14, 2017

Others have also begun to offer P2P capabilities that can push funds directly to a bank or debit card. They don’t need to carry their checkbook, memorize their bank routing and account numbers, open a bitcoin wallet, or embrace some other type of new technology — all they have to do is use the familiar debit, credit or online wallet.

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PYMNTS

FEBRUARY 27, 2017

That app will work with any debit card — regardless of what bank issued it. Venmo is working hard to fix that — PayPal’s deal with Visa and Mastercard earlier this year makes it possible to move money over debit networks, and by the mid-year mark, it should be possible to cash out a PayPal account nearly instantly.

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Fintech Finance

MARCH 6, 2025

ANZ and Suncorp Bank are the first two issuers live with eftpos multi-network debit cards in the Google Wallet, with other issuers to follow over the course of 2025. Multi-network debit cards allow payments to be processed either through the eftpos network or one of the international debit networks, such as Mastercard or Visa.

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Cardfellow

MARCH 11, 2025

Disloyalty Penalties Partnerships Effects on Small Businesses Lawsuit Overview The Justice Departments civil antitrust lawsuit alleges that Visa engaged in unlawful conduct regarding debit card networks. Lawsuit Details According to the lawsuit, at least 60% of all US debit transactions run on Visas debit networks.

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