Clearly Payments

AUGUST 24, 2024

Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. According to Visa, tokenized transactions accounted for 85% of all mobile debit transactions in North America in 2023.

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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. On average, active debit cardholders completed 34.6 transactions per month, including 30.7 ATM transactions.

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PYMNTS

JANUARY 20, 2021

The ongoing pandemic has pushed more consumers online to carry out their shopping and banking, with fraudsters following suit. Bad actors have moved to take advantage of the rush to digital payments — particularly those made with debit cards — leaving banks and financial institutions (FIs) racing to keep them off their platforms.

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Payment Savvy

JULY 12, 2024

Online payments’ convenience and speed can boost customer satisfaction and streamline operations. Accepting online payments without incurring fees may sound appealing, but it’s not feasible. Payment processing is how a merchant services provider handles credit card transactions. Why Free Payment Processing?

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PYMNTS

FEBRUARY 3, 2020

Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021.

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PYMNTS

JANUARY 19, 2021

A new year has begun, but the pandemic continues to throw financial and operational curveballs at banks, businesses and their consumers regarding how they conduct daily tasks or routine payments. This includes shifts in which consumers are shopping and paying, and in the payment tools or methods they are using to finalize their transactions.

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Clearly Payments

AUGUST 14, 2024

These fees are attributed to the dominance of credit card payments and the involvement of multiple intermediaries, including card networks, issuing banks, and acquiring banks. for credit cards and 0.2% Additionally, the use of alternative payment methods like mobile wallets (e.g., In regions like the U.S.,

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