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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Debit Card Consumer Debit Transaction Point-of-Sale (POS) 63

PYMNTS

FEBRUARY 3, 2020

Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Cybercriminals have more opportunities than ever to swipe debit card numbers and PINs from online consumers, and false websites, large-scale data breaches and skimming tools can compromise account information.

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Debit Card Assessments Data Breach Online and Mobile Banking 52

PYMNTS

NOVEMBER 12, 2020

The renewed interest in contactless issuance was driven by a number of factors, noted Sievert, including the expiration of the “first wave” of chip cards, which gave issuers an opportunity to upgrade their cards to contactless. Use of debit in eCommerce has accelerated during the pandemic.

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Debit Card Point-of-Sale (POS) Issuers Federal Reserve 64

PYMNTS

FEBRUARY 1, 2021

Both firms’ management stated during their respective earnings calls that debit spending remained healthy subsequent to the end of the quarter. The issuers, too, have seen surges in debit spending. Wells Fargo stated that debit card purchase spending was up 11 percent; J.P. As to where that debit spend is going: J.P.

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

PYMNTS

DECEMBER 31, 2020

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms of fraud, forcing them into a delicate balancing act. Security challenges are mounting, too.

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Issuers Card Issuer Point-of-Sale (POS) Debit Transaction 109

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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Debit Card Electronic Funds Transfer (EFT) Debit Transaction Federal Reserve 56

PYMNTS

SEPTEMBER 9, 2020

Consumers who previously paid for purchases by swiping or inserting their cards at in-store point-of-sale (POS) terminals are now turning to contactless cards and online shopping to safely and easily obtain needed goods. Around The Next-Gen Debit World. The COVID-19 pandemic is shaking up shopping behavior.

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Debit Card Credit Union Service Organization Point-of-Sale (POS) Contactless Payments 64