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US Debit Card Usage Soars as Consumers Embrace Convenient Payments

The Fintech Times

US consumers are increasingly turning to debit cards for their everyday transactions, driving a significant surge in the number of transactions and overall spending. On average, active debit cardholders completed 34.6 transactions per month, including 30.7 ATM transactions.

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How Much Are Debit Card Processing Fees

Payment Savvy

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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Consumers Embrace Debit Amid Ongoing Uncertainty

PYMNTS

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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EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

Stax

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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Adyen’s Intelligent Payment Routing Achieves 26% Cost Savings and Improves Payment Performance on US Debit Transactions

Fintech Finance

At a time when organizations are increasingly exploring fiscal efficiencies, Adyen’s Intelligent Payment Routing ensures that enterprise businesses processing US debit transactions do not need to choose between cost, acceptance, or speed. From 2022 to 2023, the number of debit card transactions increased by more than 27%.

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PULSE Taps FICO For Fraud Detection Across Its Debit Network

PYMNTS

In its 2019 Debit Issuer Study , PULSE said debit transactions have seen an accelerating growth rate, from 5.3 billion transactions. 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.

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Deep Dive: How Payment Card Networks Win Merchants Over

PYMNTS

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.