Visa debit card volume growth keeps sliding
Payments Dive
APRIL 24, 2024
The card network behemoth’s latest earnings report showed a contraction in card volume growth during the first three months of the year, and into April.
Emerging Markets-Focused Fintech Platform PalmPay Unveils New Debit Card in Nigeria with Verve
Fintech Finance
APRIL 3, 2025
PalmPay ( www.PalmPay.com ), a leading digital bank and fintech platform focused on emerging markets, has launched the PalmPay Debit Card in Nigeria in partnership with Verve, Africa’s largest domestic card scheme. “ said Sofia Zab, Chief Marketing Officer at PalmPay.
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Chocolate Finance Resumes Withdrawals, Raises Debit Card Spending Cap to S$1,000
Fintech News
MARCH 17, 2025
As Chocolate Finance resumes withdrawals, the suspension, implemented on 10 March 2025 due to high transaction volumes, has now been lifted. The company clarified that the pause was not a liquidity issue, but a matter of managing our increased transaction volume.
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Can a Large Merchants Negotiate Lower Payment Processing Rates?
Clearly Payments
APRIL 24, 2025
If you’re running a large business and processing a high volume of payments every month, youre likely wondering if there’s room to reduce your payment processing fees. In this post, well explain how payment processing fees work, why high-volume merchants have more leverage, and what kind of rates you might be able to negotiate.
Payment Processing USA: 2024 Market Overview
Clearly Payments
NOVEMBER 6, 2024
payment processing landscape, covering market size, merchant demographics, transaction volumes, major players, and key trends shaping the industry. payment processing market remains a major player in the global economy, with transaction volumes that highlight the sector’s vast scale and continued expansion. trillion 2019 $4.0
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An Overview of Debit Cards, P2P Payments, and Digital Cash in 2024
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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myTU Launches Business Visa Debit Card With Advanced API Features
Fintech Finance
DECEMBER 3, 2024
myTU , a fully automated, AI-powered and cloud-first digital bank, announced the launch of a new business debit card designed for businesses. myTU’s new business debit card addresses this challenge by allowing businesses to issue cards to individual employees or entire departments, simplifying expense management.
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How are Interchange Fees Calculated?
Stax
MARCH 13, 2025
Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why. In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. Credit card companies also use them to fund rewards programs.
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Latin America Digital Payments Market Report 2025
Fintech Finance
MARCH 7, 2025
Brazil’s Pix is transforming transactions, debit cards lead in Mexico, and Argentina is seeing a rise in digital wallets. Chile and Colombia remain credit card-dominated, but alternative payments are expanding. Latin America Country-Specific Payment Methods Insights 6.1.
Alternative Payment Adoption Continues to Rise Across Emerging Markets, Reveals EBANX
The Fintech Times
MARCH 14, 2025
Will debit card growth wane? In markets where access to credit is more restricted, financial inclusion has catapulted the usage of debit cards, which are linked to existing account balances, and brought new consumers into e-commerce. In Mexico, this figure reaches 55 per cent.
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How India’s UPI Revamp and WhatsApp Pay’s Expansion Could Transform Banking
Fintech News
JANUARY 21, 2025
It facilitates secure peer-to-peer transfers, as well as payments for goods and services by integrating with digital payment systems like UPI in India or by linking to credit and debit cards in other countries. In India, WhatsApp Pay was initially introduced in 2020 with a 40 million user cap.
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EBANX Data Shows 41% of Online Card Transactions in Brazil Come From Digital Issuers
Fintech Finance
MARCH 12, 2025
” Debit cards in emerging markets While credit cards account for approximately 80% of online purchases in emerging markets, according to data from Payments and Commerce Market Intelligence (PCMI) in Beyond Borders, debit cards have become an important avenue for attracting new online customers in countries like Peru, Mexico, and South Africa.
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What is a Payment Processing System and How Does It Work?
Stax
MARCH 18, 2025
Payment processing systems help merchants accept various types of payments, such as credit and debit cards, automated clearing house (ACH) , electronic funds transfers (EFTs), digital wallets, mobile payments, and even cryptocurrencies. Issuing bank – The financial institution that issued the customers credit or debit card.
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Credit Card Processing for Small Business: Everything You Need to Know
Stax
NOVEMBER 21, 2024
Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%.
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Looking for the Best Payment Gateway? Here’s How to Choose the Right One
Stax
JANUARY 21, 2025
Credit and debit cards, digital wallets , ACH transfers , and other digital payments have become the norm. Opt for gateways that support diverse payment options like credit/debit cards, digital wallets, and international payments to accommodate customer preferences. According to Forrester, 69% of adults in the U.S.
The Ultimate Guide to Ecommerce Payment Solutions
Stax
APRIL 3, 2025
Evaluate your business size, transaction volume, industry considerations, total cost, and customer experience. Talk to sales Understanding Ecommerce Payment Solutions An eCommerce payment solution is the underlying infrastructure that allows eCommerce businesses to accept and process card and online payments seamlessly and securely.
Wells Fargo Sees Some Credit And Debit Card Gains Amid Generally Bad Q3
PYMNTS
OCTOBER 14, 2020
On the plus side, Wells Fargo reported that card fees rose to $912 million in the third period, up from $797 million in second quarter. Wells Fargo also saw heightened debit card usage during Q3. Debit card point-of-sale purchase volume hit $102.9 billion in the period, up 11.1 percent from a year ago.
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What 500 Businesses Told Us About Their Payment Preferences
Clearly Payments
JANUARY 14, 2025
Credit and Debit Cards The majority of businesses we spoke with accept both credit and debit cards. Many pointed out that people are used to paying by card because its quick, easy, and widely accepted. Many also accept credit cards, but they often focus on cost-effective methods to handle large sums of money.
How Much Are Debit Card Processing Fees
Payment Savvy
JULY 3, 2024
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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The Complete Guide to Merchant Services for Small Business Owners
Stax
DECEMBER 12, 2024
It lets you handle multiple channels, including credit cards, debit cards, mobile wallets, checks, and gift cards, without juggling different systems. Merchant service accounts and how they work Merchant service providers assess your credit history, business type, and expected transaction volume during application.
What is a Merchant Account and Does Your Business Need One?
EBizCharge
NOVEMBER 12, 2024
Merchant account providers (MSPs) often offer tailored solutions based on the type of business and online transaction volume. Businesses can open a merchant account in a few key steps to gain access to comprehensive financial statements and reporting tools, helping them better manage transaction volume and payment processing.
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What is a BIN in Payment Processing
Clearly Payments
NOVEMBER 13, 2024
In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. Card Network : Indicates the card brand, such as Visa, Mastercard, or American Express, helping processors verify the card’s compatibility with their systems.
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The Ultimate Guide to Online Payment Processing
Stax
MARCH 11, 2025
There are six main payment methods used in online payments, including credit & debit cards, digital wallets, ACH & bank transfers, direct debit, Buy Now, Pay Later (BNPL) services, and cryptocurrencies. Talk to sales How Online Payment Processing Works On the surface, online credit card processing happens in seconds.
Varo aims to displace Venmo, Cash App volume with P2P feature
Payments Dive
SEPTEMBER 21, 2023
debit card. The bank has launched a feature enabling Varo account holders to instantly transfer funds at no cost to anyone with a U.S.
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How to Choose Between EFT vs ACH: A Comprehensive Guide
Stax
MARCH 27, 2025
To choose the right payment method, consider transaction volume, transfer speed, cost, and security. Digital wallets accounted for 50% of eCommerce purchases , while debit cards raked up 12% of total transactions last year. Debit card transactions have an average interchange fee of $0.22 No cash or checks needed.
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Curve is the First Digital Wallet to Offer Section 75 Protection on All Cards, Even Debit
Fintech Finance
FEBRUARY 5, 2025
Section 75 is a long-standing consumer protection law in the UK that ensures credit card providers share responsibility with merchants for purchases ranging from 100 to 30,000. This safeguard has until now been unavailable to debit card users, leaving them vulnerable in cases of faulty goods, unfulfilled services, or retailer insolvency.
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Contactless payments push credit cards past debit in Canada
Payments Source
OCTOBER 7, 2019
Contactless payment transaction volume is soaring in Canada to the point where total credit card transaction volume is edging out debit card transactions for the first time because many consumers are using credit cards to tap and pay.
The Most Common Types of Contactless Payment Methods and How They Work
Stax
MARCH 6, 2025
Card emulation. This technology turns any NFC-enabled smartphone, smartwatch, or wearable into a contactless credit or debit card. Use case: Customers with mobile wallets like Apple Pay, Google Pay, or Samsung Pay can tap their NFC-enabled device on a terminal to pay as if using a physical card.
Scrapping the £100 Contactless Limit: What It Means for Consumers, Merchants and Security
The Fintech Times
MARCH 19, 2025
There are now 149 million contactless cards in circulation, covering 93 per cent of debit cards and 94 per cent of credit cards. However, UK Finance reports that fraud is growing more slowly than contactless transaction volumes, and remains a small part of total unauthorised fraud.
Here’s Everything We Know So Far About The Chocolate Finance Service Disruption
Fintech News
MARCH 10, 2025
Source: Chocolate Finance LinkedIn According to a statement from its founder Walter de Oude on LinkedIn, Chocolate Finance recently launched the HeyMax Miles partnership for its debit card, which offered 2 miles per dollar on all spending.
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What Is Debit Card Processing & How Does It Work?
Payment Savvy
JULY 3, 2024
Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Every merchant should prioritize taking the time to understand debit card processing to streamline operations and enhance customer satisfaction.
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What Is Tiered Pricing in Credit Card Processing?
Stax
OCTOBER 21, 2024
As beneficial as credit card processing is for small businesses, you’ll have to work with a payment service provider and their fees can be tricky to navigate. It splits transactions into three types—non-qualified, mid-qualified, and qualified—depending on the credit card type and payment mode used, and charges a different fee for each tier.
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The Hidden Costs of Payment Processing No One Talks About
Clearly Payments
JANUARY 15, 2025
The Many Types of Payment Processing Fees Below is a breakdown of the lesser-known or hidden fees that can show up on your monthly statements: Interchange Fees What It Is: The fee paid to the card-issuing bank every time a customer buys something with a credit or debit card. Cost Range: Usually 1.5%3.5% Cost Range: Often $0.01$0.10
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Key Differences of Payments for Small Businesses vs. Enterprises
Clearly Payments
MARCH 31, 2025
81% of small businesses accept credit and debit cards, while 37% accept digital wallets such as Apple Pay and Google Pay. Payment Terminal Usage: SMB vs. Enterprise The type of payment terminal a business uses is influenced by transaction volume, security requirements, and integration capabilities. In the U.S.,
Elevate your Banking Operations with our Integrated Debit Card Management System
M2P Fintech
JULY 28, 2023
Debit cards are pivotal to a bank’s digital payment mix. In India, the number of debit cards in circulation is projected to witness a steady increase of 84.6 million cards by 2028. The total number of debit cards is anticipated to reach an impressive 1 billion*.
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UK Reaches 150 Million Contactless Cards in Issue
Fintech Finance
JUNE 18, 2024
UK Finance today releases its card spending data for March 2024, covering the monthly value and volume of transactions across debit and credit cards. The data shows the number of contactless cards in issue in the UK topped 150 million (150,172,000) for the first time in March 2024. per cent higher than March 2023.
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Understanding Payment Processing Costs in Acumatica and How You Can Save
EBizCharge
MARCH 11, 2025
Acumatica allows businesses to accept and process credit cards, debit cards, Automated Clearing House (ACH) payments/eChecks, and other transactions seamlessly by integrating with payment gateways. Factors like transaction volume, payment speed, and the type of ACH transfer can also influence the overall cost.
Credit Card Processing Rates: How Much Does It Cost to Process Payments in 2025?
Stax
APRIL 8, 2025
Talk to sales How Credit Card Processing Fees Work Whenever customers swipe, tap, or dip their credit or debit cards at a payment terminal, it sets a complex network in motion, resulting in approval or rejection of the payment. Transaction volume – You can negotiate better rates if you have high sales volumes.
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The Top Payment Methods For Small Businesses
Stax
APRIL 10, 2025
Contact us 10 Top Payment Methods for Small Businesses Credit and debit card payments Card payments (credit cards and debit cards) account for 50% of the total number of small business transactions and remain the primary way customers make purchases on-site and online.
What is ACH Credit and ACH Debit and How Do They Work?
Stax
NOVEMBER 13, 2024
ACH credit payments differ from ACH debit payments and both are distinct from credit and debit card payments. No chargeback risk – Unlike debit card payments, customers do not risk a chargeback when making an ACH credit payment. How Long Do ACH Payments Take to Process? Are ACH Transactions Secure?
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Singapore, Hong Kong Merchants Gain JCB Acceptance Through Nuvei
Fintech News
OCTOBER 7, 2024
This enables businesses in Singapore and Hong Kong to accept JCB credit and debit card payments through Nuvei’s platform. Hiroko Michishita Hiroko Michishita, Managing Director, JCB International Asia Pacific, said, “Between 2021 and 2022, JCB has almost doubled the volume of ecommerce transactions in Singapore.
POS Systems For Retail Stores: How They Work And How To Select The Best System For Your Business
Stax
APRIL 17, 2025
If the customer prefers credit/debit card payments, the cashier selects that payment option in the POS and prompts the customer to tap, swipe, or dip their card using the card reader. Your sales volume and customer flow also determine the kind of POS software you need.
Understanding Payment Links: What They Are, How They Work, and Their Use Cases
Stax
JANUARY 21, 2025
This gives customers maximum flexibility over how they want to paywhether that be ACH (bank account transfers), digital wallets, to credit and debit cards. Highlight Multiple Payment Options : Mention the various payment methods your link supports, such as credit/debit cards, digital wallets (e.g.,
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NetSuite Payment Methods: The Collection Tools That Actually Work
EBizCharge
FEBRUARY 24, 2025
Four common payment methods in NetSuite include: Credit and debit cards: Credit and debit cards are popular NetSuite payment methods due to their convenience and speed. This method is ideal for handling large volumes of data, as it ensures quicker and more efficient payments.
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