The Fintech Times

SEPTEMBER 27, 2024

Visa is once again in the firing line of the Justice Department as the US administrator files a civil antitrust lawsuit against the payments processor. Visa has been accused of maintaining a monopoly over debit network markets in violation of Sections 1 and 2 of the Sherman Act.

Debit Network 59

Debit Network Innovation Debit Transaction Agreements 59

Payment Savvy

JULY 3, 2024

When a customer uses their debit card, several parties are involved in processing the transaction: the bank that issued the debit card (issuing bank), the bank that provides the business with card processing services (acquiring bank), and the payment processor. Each of these parties takes a small portion of the fee.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

Stax

MARCH 14, 2024

When running the debit card “as credit,” the transaction will be charged according to the debit rates noted in Visa and Mastercard’s interchange tables , not according to the debit network fee schedules. In some cases, it’s less expensive for a merchant to accept PIN debit cards than signature debit cards.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

PYMNTS

MARCH 14, 2017

Using a push payments gateway with total ubiquity across networks, a company can give their customers unrestricted choice of destination accounts for their funds — card accounts, PayPal, Amazon, bank accounts and more. Behind the scenes, the network has encountered an error and cannot reach the card.

Consumer 40

Consumer Push-to-Card Gateways P2P 40

PYMNTS

NOVEMBER 14, 2019

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. Dick Durbin — limits what can be collected for debit transactions. When chip cards began arriving in the U.S.

Debit Card 70

Debit Card FTC Visa Federal Trade Commission 70