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Justice Department Accuses Visa of Hindering Innovation by Monopolising Debit Network Markets

The Fintech Times

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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Adyen’s Intelligent Payment Routing Achieves 26% Cost Savings and Improves Payment Performance on US Debit Transactions

Fintech Finance

At a time when organizations are increasingly exploring fiscal efficiencies, Adyen’s Intelligent Payment Routing ensures that enterprise businesses processing US debit transactions do not need to choose between cost, acceptance, or speed. From 2022 to 2023, the number of debit card transactions increased by more than 27%.

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US Debit Card Usage Soars as Consumers Embrace Convenient Payments

The Fintech Times

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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How Much Are Debit Card Processing Fees

Payment Savvy

Different Types of Debit Card Transactions There are two main types of debit card transactions: signature debit and PIN debit. Signature debit transactions occur when a customer signs to authorize the payment. Signature debit transactions are commonly used by ecommerce businesses.

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PULSE Taps FICO For Fraud Detection Across Its Debit Network

PYMNTS

In its 2019 Debit Issuer Study , PULSE said debit transactions have seen an accelerating growth rate, from 5.3 billion transactions. The rise, according to PULSE, has come in tandem with a sharp increase in card-not-present (CNP) transactions, which have seen growth rates of about 24 percent. percent in 2017 to 6.7

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Consumers Embrace Debit Amid Ongoing Uncertainty

PYMNTS

“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. Touchless Debit, Meet Cybercrooks. Numbers tell the tale.

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Visa Adjusts Policies On Debit Routing

PYMNTS

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.