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Debit Card Issuers Push-to-Card 
Payments Source
JUNE 2, 2019
While major card issuers such as Chase and Wells Fargo roll out NFC-enabled credit and debit cards incrementally, Bank of America is taking much more aggressive approach.
132 
Payments Dive
FEBRUARY 16, 2023
Bank card issuers say there isn’t enough network competition to meet the July debit card routing rule deadline, adopting regulators’ argument to push back.
88 
Fintech Finance
AUGUST 28, 2024
To enhance its conventional and Islamic banking applications with digital payment capabilities, BankDhofar has implemented the Entrust Digital Card Solution for Tap to Pay services and tokenization enablement – making BankDhofar one of the first banks in Oman to enable Tap to Pay services to its customers.
80 
PYMNTS
OCTOBER 13, 2017
Payments provider Elan Financial Services announced that along with Ondot Systems , the leading provider of mobile-based card services, they have enhanced the My Mobile Money app so that it now offers two-way fraud alerts for Elan processed debit cards.
47 
Stax
DECEMBER 6, 2023
In an era defined by digital transactions and cashless payments, the process of paying for goods and services is more convenient, and increasingly reliant on credit card transactions. However, as the popularity of credit cards and digital wallet payments continues to surge, the costs associated with accepting them also do.
88 
Stax
OCTOBER 21, 2024
Accepting credit card payments at your business is a surefire way of increasing customer satisfaction and retention. Over 80% of American adults owned at least one credit card in 2023. Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide. Don’t believe it? Why does this matter to you?
88 
Stax
JANUARY 31, 2024
If your company accepts credit card payments ( which it should ), chances are, you’re going to be affected by Visa’s interchange rates. cards currently in use. So it’s virtually impossible for a business to not accept Visa cards. TL;DR Interchange rates are the fees charged by credit card networks.
88 
PYMNTS
FEBRUARY 6, 2019
However, ultimately, what pushed him into entrepreneurship once and for all was the same thing that starts so many businesses: real-life friction. Furthermore, the increasing digitization of financial services worldwide meant that the time was right to start offering those solutions.
75 
PYMNTS
NOVEMBER 12, 2020
Safety-minded consumers the world over can now be seen tapping contactless cards, scanning QR codes or utilizing voice ordering technologies to make purchases without potentially putting themselves or others at risk of contracting the virus. The Beyond The Card: Toward The Cardless And Contactless Future report, a PYMNTS and i2c Inc.
120 
Stax
JANUARY 15, 2024
Are you struggling with resource constraints caused by soaring credit card processing costs? Credit card surcharging can help offset these expenses, but it can be tricky. TL;DR Credit card surcharging involves adding a fee to transactions with credit card payments, offsetting processing costs. No surprise there.
88 
PYMNTS
OCTOBER 2, 2020
I do see a ton of opportunity on the issuer processing side, the consumer side of this, where you're going to see a lot of innovation because it's where we've been stuck for a long time," McCarthy noted. For example, over the summer, integrated payments and eCommerce technology provider Paya merged with FinTech Acquisition Corp.
110 
PYMNTS
JULY 16, 2018
Employers are increasingly moving away from depositing paychecks into employees’ bank accounts, offering instead to add them to payroll cards. Payroll cards work like debit cards, allowing employees to purchase goods and services or make cash withdrawals from ATMs. These cards offer myriad advantages to both parties, too.
42 
Stax
NOVEMBER 13, 2023
Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Most modern card readers and payment terminals are NFC-equipped.
PYMNTS
JULY 7, 2020
Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. It’s unheard of and makes dependable debit the belle of the ball once again as people consider the upcoming winter. This trend is significant — one financial services company expects U.S.
54 
FICO
OCTOBER 16, 2020
This means that for online purchases we’re more likely to see authentication requests, and to meet the requirements this authentication must come from two different categories from the below: For card transactions, the onus to manage this authentication doesn’t lie with the merchant, the merchant acquirer or the card scheme.
PYMNTS
SEPTEMBER 23, 2020
That left FIs scrambling to “rapidly figure out how to get that same emotional and engagement outcome when the possibility of face-to-face is virtually nonexistent,” Randy Piatt , head of product solutions at card technology firm Ondot Systems , told PYMNTS in a recent conversation. Simple: Start with the cards.
FICO
JANUARY 22, 2021
But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Exactly how big credit card fraud is depends on where you look. Credit card fraud was the FTC’s second most-reported fraud type in 2019.
52 
PYMNTS
JULY 6, 2020
Customers are also looking for options like digital and card-not-present (CNP) transactions that allow them to make eCommerce purchases as smoothly and seamlessly as possible. . These safety and convenience considerations are pushing more consumers to use — and more merchants to enable — contactless and CNP payments. percent of U.S.
52 
PYMNTS
OCTOBER 24, 2018
Fewer consumers use physical currency when making purchases, and are instead turning to more modern, digital methods of payment, particularly when making purchases online with debit cards. This pushed Bonkowski and his team to explore digital authentication solutions to protect its global user base. and around the globe.
PYMNTS
MARCH 12, 2020
And according to Jennifer Schroeder, executive vice president of product management at PULSE, prepaid and payroll cards are proving increasingly popular among forward-thinking employers. Debit also maintains advantages over checks and other payment options — especially in eCommerce — due to enhanced, improving and tech-driven security.
61 
PYMNTS
JANUARY 3, 2020
According to a study by Aite Group , most student loan tuition payments are made via electronic check (ACH), followed by debit cards, which are favored by millennials and Gen Yers everywhere. In Q3 2019, credit card issuer JCB International Co., The writing is on the whiteboard: School’s out for paper payments.
PYMNTS
JANUARY 8, 2019
There’s more to consumer life than purchase history — and more to card acquisition, too. Consumers want engagement and experiences, and issuers that can provide that can not only gain new customers, but keep tighter and more profitable holds on their cardholders. That is not going to change overnight. Cigar Experience.
56 
FICO
OCTOBER 16, 2020
This means that for online purchases we’re more likely to see authentication requests, and to meet the requirements this authentication must come from two different categories from the below: For card transactions, the onus to manage this authentication doesn’t lie with the merchant, the merchant acquirer or the card scheme.
FICO
SEPTEMBER 5, 2022
European Card Fraud in 2021: Winners, Losers and Scams. The United Kingdom and the Nordic region continue to lead Europe in terms of digital transformation and fraud loss reduction - but non-card scams are rising fast. Only four countries of the 18 we studied improved their card fraud performance in 2021. Darcy Sullivan.
52 
PYMNTS
DECEMBER 3, 2020
The fact that this will be a very different – and very digital – holiday season is a certainty that both merchants and issuers can carry with them into the season. Some things Piatt sees: ‘Tis The Season For Debit Shopping So Far, But Will It Stick? Plus, he noted that debit still faces many hurdles in a highly digitized environment.
84 
PYMNTS
APRIL 20, 2017
Can push payments make the push into full acceptance by consumers and corporates? In envisioning just what the concept of “push” payments means, Edwards said one need only think about how pull payments work. If there is an exchange of an item or a return, the data flow is simply reversed, and money goes back onto that card.
42 
PYMNTS
DECEMBER 20, 2016
Mastercard is looking to take a larger share of the B2B payments space in Australia by pushing for companies to pay their suppliers with its products. To do so, the credit card firm announced Monday (Dec. 19) that it will be working with supply chain finance company Octet Finance.
41 
PYMNTS
NOVEMBER 1, 2017
billion Mastercard and Maestro-branded cards worldwide. Security, Partnerships And Pushing For A More Digital World. He also noted the firm’s recent push to forge partnerships, particularly with PayPal , which has seen the implementation of Masterpass through Braintree to “broaden our digital acceptance footprint.” As of Sept.
49 
PYMNTS
MAY 6, 2020
She pointed to years past, and the embrace of debit cards, as prologue. As Webster noted, consumers like their cards. There’s been a progression away from cash and toward cards, especially for low-dollar transactions in settings such as quick-service restaurants ( QSRs ).
87 
PYMNTS
NOVEMBER 1, 2017
billion Mastercard and Maestro-branded cards worldwide. Security, Partnerships And Pushing For A More Digital World. He also noted the firm’s recent push to forge partnerships, particularly with PayPal , which has seen the implementation of Masterpass through Braintree to “broaden our digital acceptance footprint.” As of Sept.
45 PYMNTS
APRIL 26, 2018
Spending via cards – debit and credit – inside and outside the United States buoyed Visa Inc. Double-digit gains marked spending across border corridors and across card types – and management, perhaps unsurprisingly, pointed to strength in consumer spending, especially in the United States. Total cards stood at 3.3
40 
PYMNTS
DECEMBER 10, 2018
It’s the decoupled debit card. Capital One made the headlines then – a genius move, many called it at that time, for an issuer that lacked demand in deposit accounts and had no other way to provide a debit-like offering that would make their brand sticky to consumers. Merchants paid less when they accepted those cards.
73 
FICO
OCTOBER 10, 2018
In August, the UK’s Financial Ombudsman joined the debate on authorised push payment fraud. The pressure for banks to tackle push payment fraud is mounting – and even if liability isn’t transferred wholesale to the banks, the scope for bad publicity and loss of reputation is significant. Banks are not powerless to tackle the issue.
56 
Payment Savvy
JUNE 12, 2023
Declined by Bank (or Card Issuer) Quite often, the connected bank or card issuer will block a transaction from processing for various reasons, the most common of which are a card/account freeze or suspicion of fraudulent activity on the account. Why Is Your Venmo Transaction Being Declined?
52 PYMNTS
JULY 17, 2018
Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Once cards became significantly harder to clone, fraudsters took their bag of bad tricks online.
PYMNTS
MARCH 29, 2016
Samsung Pay will enable any China UnionPay cards to be uploaded and managed on the app. Samsung Pay currently supports select credit and debit cards from nine banks, including China CITIC Bank, China Construction Bank, China Everbright Bank, China Guangfa Bank, China Minsheng Banking Corp.
41 
PYMNTS
FEBRUARY 18, 2020
That’s in part due to the “fraud shift” that has occurred over the last 12 to 18 months, marked by a higher incidence of card-not-present fraud, contended Kraus. In the battle against fraudsters, financial institutions (FIs) must start at the beginning – literally. There are new data privacy concerns, too.”. Fraud’s Shifting Landscape.
PYMNTS
NOVEMBER 1, 2018
Before CEO Toffer Grant founded PEX , he worked in the world of prepaid cards (gift cards in particular), where Christmas was the biggest challenge of every year. Gift card use would faithfully and intensely spike around Christmas, only to settle back to a more typical baseline six to eight weeks after the “event.”.
72 
FICO
FEBRUARY 12, 2018
For all the talk in the UK about disruptors and fintechs and new entrants to the credit market, and about how banks and card issuers need to manage customers in arrears, there’s one group that seems strangely absent from this focus: retailers. It is estimated over £200 billion of UK household debt is in unsecured retail credit.
63 
PYMNTS
NOVEMBER 13, 2019
The opportunity is big, said Kardell, but to leverage it to its full potential, CUs need to think about how they can reach top of wallet during the holiday season — no small feat, since pretty much all card issuers are essentially tracking the same goal during the most wonderful time of the year.
46 
PYMNTS
JANUARY 3, 2020
Driven by faster phones, ingenious apps and sheer market force, the move to instant is pushing the boundaries of what’s possible with payments, opening up new worlds of risk and reward. Rarely do consumers and businesses agree on anything as much as they have on instant. FinTechs led this charge and fueled much of the innovation.
PYMNTS
JUNE 21, 2017
For example, in the retail world issuers and merchants run into a brick wall when trying to enable acceptance of a new form of currency — like loyalty points — at the physical point of sale. Payments are often described like the Tower of Babel, with disparate platforms trying to talk to each other without speaking the same language.
Fintech Labs Insights
JUNE 12, 2015
That is, the startup takes the information stored on multiple cards, makes it digital, and stores it on a single card. Stratos card began shipping April 2015. The card’s non-rechargeable battery lasts two years. For end consumers: the Stratos card. Stratos works with all types of cards: Credit card.
29 
PYMNTS
MARCH 23, 2016
and has been picking up steam with payments networks and issuers since, with Apple Pay paving the way through its launch the year prior. But the biggest push to give Android Pay a boost in the U.K.? It’s also getting support from Judo Payments, a London-based app commerce payments platform to enable in-app payments. and Ireland.
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