Payments Source

JANUARY 14, 2020

The specific impetus for the Federal Trade Commission's inquiry into Visa and Mastercard's debit transaction routing processes is not entirely clear, but it likely stems from the effect that advanced payments technology has had on Durbin amendment compliance.

Federal Trade Commission 83

Federal Trade Commission FTC Debit Transaction Compliance 83

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.

Security 73

Security Debit Card Fraud Detection Federal Trade Commission 73

Payment Savvy

JULY 12, 2024

Each transaction incurs fees the card issuer sets, varying based on the card type and associated risks. Debit cards typically carry lower fees due to lower payment risk, whereas credit cards involve higher fees to offset potential defaults. Pros: No fees for bank account or debit card transactions.

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 52

PYMNTS

SEPTEMBER 15, 2020

Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.

Debit Card 103

Debit Card FinTech Online and Mobile Banking Account Takeovers 103

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.

Debit Card 56

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

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

Clearly Payments

NOVEMBER 17, 2023

Interchange-plus pricing breaks down the cost structure, separating the actual interchange fees established by card networks (Visa, Mastercard, etc.) This model enhances transparency, allowing businesses to see the direct costs associated with different card types and transactions. per transaction.

Credit Cards 52

Credit Cards Process EMV Processors 52

Stax

JUNE 25, 2024

Not only is this best practice, but it’s paramount that your software’s credit card processing provider grants peace of mind to your users so they know donor data is handled safely. Evaluating Costs and Pricing Models In the world of payment processing, there are a few main pricing models used.

Payment Solutions 88

Payment Solutions Payment APIs and Integration ISVS PCI DSS 88

PYMNTS

APRIL 30, 2020

As had been seen with payments networking peer Mastercard, Visa said that its latest quarter showed greater traction in debit transactions than in credit. The company logged 9 percent growth in debit, as measured in constant currency, versus a 1 percent gain in credit to a respective $1 trillion and $1.1

Transactions 89

Transactions Cross-Border Volume Contactless Payments 89

Stax

JULY 9, 2024

Learn More Debit and credit card transactions Perhaps the most commonly known EFT payment type is credit and debit card transactions. Unless your business is intentionally cash-only, you’ll likely need to accept the major card brands such as Visa and MasterCard to stay in business.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

APRIL 12, 2018

Tomorrow, April 13, signing a receipt at the end of a Mastercard credit or debit transaction at the physical POS will become a relic of payments history. Mastercard first announced its plan to go sans signature six months ago. Consumers like Karen Webster, who – in a conversation with Mastercard U.S.

EMV 51

EMV Visa Issuers Disputes 51

Nanonets

MARCH 21, 2023

It is important to note that ACH is a separate network from major credit card systems such as Visa, Mastercard, and American Express. There are two basic types of ACH transfers: ACH credits and ACH debits. Fundamentally, the meaning of both of these terms can refer to the same actual transaction.

ACH 52

ACH RDFI ACH Network ODFI 52

Clearly Payments

AUGUST 14, 2024

North American payment processing fees are the highest in the world due to a combination of factors, including high interchange rates , which can exceed 2% per transaction, and the dominance of major card networks like Visa and Mastercard that control over 80% of the market. for credit cards, the U.S.

Process 77

Process Credit Cards Alternative Payment Methods Debit Card 77

PYMNTS

MARCH 11, 2016

Among the advantages are the ability to offer installments, offering local-based credit cards (that don’t even use the Visa or MasterCard brand), the option to offer better approval ratings locally, avoiding international charges for the consumer, and superior fraud management.

Credit Cards 42

Credit Cards Payments Transactions Visa 42

Clearly Payments

JANUARY 16, 2024

What are Interchange Fees in Canada Interchange fees are charges levied by credit card issuers (such as Visa, Mastercard, and others) to merchants for accepting and processing electronic payments. These fees serve as compensation for the risks and costs associated with facilitating electronic transactions.

PCI DSS 92

PCI DSS Processors Debit Card Credit Cards 92

PYMNTS

JUNE 27, 2016

over EMV PIN debit-card transactions, claiming that the card network threatened them with increased fees and eliminating debit acceptance capacity in-store, if the nation’s largest grocer refused to abide by Visa’s stated EMV rules. is suing Visa Inc. District Court for the Southern District of Ohio.

EMV 41

EMV Debit Card CHIPS Debit Transaction 41

PYMNTS

NOVEMBER 14, 2019

antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov. The Federal Trade Commission (FTC) is talking to large merchants to discover if some retailers are being blocked from routing digital payments over alternative debit networks, sources told Bloomberg.

Debit Card 70

Debit Card FTC Visa Federal Trade Commission 70

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. Those, at least are the allegations in a new Federal antitrust lawsuit filed last week against Visa and MasterCard.

EMV 40

EMV CHIPS VARS Push-to-Card 40

PYMNTS

JANUARY 29, 2019

Credit transactions were up 10 percent, and debit transactions were up 12 percent. On a global stage, it will be worth watching the impact of the economic slowdown that is hitting several regions, especially China, where in the past growth in the United States has offset a slump in dual-branded card volume.

Volume 46

Volume B2B Cross-Border Credit Union 46