The Fintech Times

SEPTEMBER 27, 2024

Visa has been accused of maintaining a monopoly over debit network markets in violation of Sections 1 and 2 of the Sherman Act. In 2020, the Justice Department filed a civil antitrust lawsuit to stop Visa from acquiring Plaid , a technology company that powers fintech apps developing disruptive options for online debit payments.

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Debit Network Innovation Debit Transaction Agreements 59

Payments Dive

MAY 26, 2023

Card network operators Visa, Mastercard and Fiserv are bracing for change in light of the Federal Reserve’s debit routing rule clarification.

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Debit Network Federal Reserve Visa Rules 78

Payments Source

NOVEMBER 10, 2020

The Interac debit network is expanding online and in-store options for Walmart customers throughout Canada, looking to have new technology in place by spring of 2021.

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Debit Network Technology Debit Card Mobile Payments 143

Finextra

SEPTEMBER 24, 2024

The US Justice Department has sued Visa, accusing the payments giant of illegally monopolising debit network markets.

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Debit Card Debit Network Payments 119

Payments Source

NOVEMBER 14, 2017

Australia has a high ratio of consumers using contactless payment cards, while mobile payment adoption has lagged because of some large banks’ aversion to supporting Apple Pay and slower uptake in the region for Android Pay.

Debit Network 62

Debit Network Contactless Payments Mobile Payments Consumer 62

Fintech Finance

MARCH 6, 2025

ANZ and Suncorp Bank are the first two issuers live with eftpos multi-network debit cards in the Google Wallet, with other issuers to follow over the course of 2025. Multi-network debit cards allow payments to be processed either through the eftpos network or one of the international debit networks, such as Mastercard or Visa.

Debit Card 78

Debit Card Issuers Debit Network Small Business 78

Fintech Finance

MARCH 6, 2025

ANZ and Suncorp Bank are the first two issuers live with eftpos multi-network debit cards in the Google Wallet, with other issuers to follow over the course of 2025. Multi-network debit cards allow payments to be processed either through the eftpos network or one of the international debit networks, such as Mastercard or Visa.

Debit Card 78

Debit Card Issuers Debit Network Small Business 78

Fintech Finance

AUGUST 15, 2024

As a global leader in financial technology, FIS will help us extend that reach to provide a payment service that finally delivers on the promise of P2P, allowing money to be moved safely, inexpensively, and through the broadest possible number of networks.”

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Debit Network P2P FedNow RTP 59

Payments Source

APRIL 26, 2017

The payments processing and technology giant should add more merchant services and marketing to its Star network to overcome competitive and regulatory pressure, writes Eric Grover, a principal at Intrepid Ventures.

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Debit Network Process Technology Payments 60

Payments Source

AUGUST 6, 2018

Interac and Bambora see an opportunity to pull back Canadian domestic e-commerce transactions from credit cards to Interac debit and make it possible for Canadians to shop online in the U.S. with Interac cards.

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Debit Network Credit Cards Transactions Debit Card 64

Payments Source

FEBRUARY 27, 2019

P2P transfer apps aren't just for splitting the rent — they can also be portals to a wider array of financial services, as Canada’s national Interac debit network plans to prove.

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P2P Debit Network B2B Payments 103

The Paypers

NOVEMBER 4, 2021

GoCardless and Wise have joined forces to create Australia and New Zealand’s first multi-currency direct debit network.

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Multi-Currency Debit Network 34

The Fintech Times

MARCH 7, 2025

ANZ and Suncorp Bank have become the first two issuers to go live with eftpos multi-network debit cards in the Google Wallet, with other issuers to follow over the course of 2025.

Debit Card 59

Debit Card Issuers Payments Debit Network 59

Payments Source

JUNE 10, 2018

Beem It, a startup owned by three of Australia’s largest banks, has launched a free real-time social payments app designed to run on older debit networks instead of the country's new faster payments platform.

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Debit Network Faster Payments Payments Real Time Payments 81

Payments Source

NOVEMBER 13, 2019

antitrust regulators over policies that can prohibit merchants from routing card transactions over alternative debit networks. Visa and Mastercard are once again in the crosshairs of U.S.

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Debit Card Visa FTC Transactions 80

Payments Source

MARCH 16, 2020

Hungary’s domestic debit network GIRO has launched instant payments through Nets’ RealTime24/7 platform after months of testing.

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Real Time Payments Debit Network Instant Payments Payments 75

Payments Source

APRIL 30, 2018

The growth and popularity of debit payments has been driving monumental change in the U.S. and Domestic Debit Networks have been at the forefront of this wave of innovation, adapting their products and services to meet these changing market needs, writes Paul Tomasofsky, executive director of the Debit Network Alliance.

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Debit Network Innovation Product Payments 67

Payments Source

JUNE 13, 2019

Today: Coinbase extends debit network; Uber plots drone delivery; Alipay targets football event; Ripple beefts up in Brazil; U.K. The information you need to start your day, from PaymentsSource and around the Web. regulators end probe into PayPal's iZettle deal.

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Debit Network PayPal Regulations 68

PYMNTS

NOVEMBER 12, 2019

PULSE , the debit/ATM network that operates as a Discover Financial Services company, said in a press release that it has adopted the FICO Falcon Platform to bring new fraud detection services to its network of more than 4,100 debit issuers.

Fraud Detection 40

Fraud Detection Debit Network Issuers Risk Mitigation 40

Payments Source

MARCH 27, 2018

Domestic debit networks' duel-message transaction options have the ability to disrupt the customer experience, add complexity to back offices operations, and impact issuers’ contractual obligations to their global networks, writes Patrick Goodwin, president of SRM.

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Issuers Debit Network Transactions Debit Card 67

Payments Source

JUNE 6, 2017

Android Pay achieved a broad and rather sudden rollout in Canada this week when the nation’s domestic debit network, Interac, announced its support for the mobile payment service days after Google officially launched Android Pay there.

Debit Network 60

Debit Network Mobile Payments Payments Debit Card 60

Payments Source

JUNE 1, 2016

The last three of Canada’s large banks today said they’ve launched Apple Pay, joining the country's Interac debit network and the company's few other financial providers to enable Apple's digital wallet to completely blanket Canada.

Debit Network 60

Debit Network Technology 60

Finextra

JULY 24, 2024

Morgan Payments, a part of leading global financial services firm JPMorganChase has joined debit network EFTPOS as a Member and will become the latest Participant to join Australia’s domestic real-time payments network, New Payments Platform Australia (NPP). Australian Payments Plus (AP+) today announced J.P.

Debit Network 52

Debit Network Real Time Payments Payments Payment Networks 52

PYMNTS

OCTOBER 14, 2020

“Debit cards remain the payment method of choice among U.S. consumers, regardless of whether they are shopping online or in stores, according to recent reports,” notes PYMNTS October Next-Gen Debit Tracker® done in collaboration with PULSE , A Discover Company. Numbers tell the tale. billion in value in Q2 2020, up from the $47.4

Consumer 73

Consumer Debit Card Debit Network Identity Theft 73

Fintech Finance

SEPTEMBER 9, 2024

Network Agnostic : Adyen is able to route transactions across the least expensive debit network at the highest rate of approval, focused on performance uplift and cost reduction. Enables Speed : Businesses no longer need to compromise — including on speed as the feature does not impact processing speed.

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Debit Transaction Transactions Debit Card Payments 102

PYMNTS

FEBRUARY 18, 2019

The funding will go to drive organic growth around the globe, build new teams in offices in EMEA, APAC and North America and provide access to businesses around the world with one unified global bank debit network for accepting subscriptions, installment and invoice payments.

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Debit Network APACS Cross-Border Payments Cross-Border 58

PYMNTS

JANUARY 11, 2021

He added that Cardtronics’ debit network complements NCR’s payments platform and the combined new entity will offer a comprehensive connection of retail and bank customers “while capitalizing on the banking industry’s transition toward infrastructure outsourcing.”. 11) press release. .

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ATM Debit Network Acquirers Security 69

The Paypers

JUNE 13, 2016

(The Paypers) BankAxept , a Norwegian domestic debit network, has teamed up Interac , a Canadian debit network, to deploy NFC mobile solutions in Norway.

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Debit Network 37

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.

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Debit Card FTC Visa Federal Trade Commission 70

PYMNTS

APRIL 2, 2020

The March 2020 PYMNTS Next-Gen Debit Tracker ®, a PULSE collaboration, provides an in-depth examination of debit’s changing role in both banking and retail, with a deep dive especially for merchants who want to control their routing spend. The Finer Points of Routing. percent of the transaction value, for example.

Debit Network 52

Debit Network Debit Card Transactions Non-Bank 52

PYMNTS

OCTOBER 7, 2020

Routing a transaction through a different network — for example a PIN-less debit network — can in certain situations lead to a higher approval rate. The fifth authorization lever involves authentication in Europe with PSD2 regulations, which require an elevated level of customer authentication.

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Transactions Issuers Card Issuer Authorization 103

PYMNTS

OCTOBER 19, 2017

announced news of a partnership with domestic Australian debit network eftpos. The collaboration will allow eftpos to support Apple Pay through its issued debit cards. On Tuesday (Oct. 17), Rambus, Inc.

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Debit Card Debit Network Payer EMV 46

Cardfellow

FEBRUARY 27, 2025

In this article, well look at the first one – how AI can help save your business money through debit card interchange optimization. Debit Routing Background The Durbin Amendment and PIN Debit Routing Choosing Debit Networks AI for Debit Routing Which processors offer AI debit routing optimization?

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Debit Transaction AI Transactions Debit Network 40

PYMNTS

FEBRUARY 25, 2020

The companies recently announced their collaboration, which will also enable Esker businesses to accept payments via a range of payment rails, including credit and debit cards, as well as direct debit networks like ACH and SEPA.

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Cross-Border Payments Cross-Border SWIFT Debit Network 56

The Fintech Times

AUGUST 12, 2024

The 2024 PULSE Debit Issuer Study reveals that in 2023, the total number of debit cards, transactions and annual spending per active card all saw substantial increases. 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) 64

PYMNTS

NOVEMBER 23, 2016

The company said that, with the chip cards, routing and processing of debit transactions are made possible across two payment application identifiers (AID) that are contained on the chip. Common Debit AID and the Visa Debit AID. The AIDs are known as the U.S.

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Adjustments Chip Cards EMV Debit Transaction 60

The Paypers

MARCH 24, 2016

(The Paypers) UK-based direct debit network GoCardless has raised a USD 13 million funding round from Notion Capital to extend its online bank-to-bank payment service to new geographies.

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Debit Network Payments 31