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FTC Probing Visa, Mastercard About Debit Card Practices

PYMNTS

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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Visa Adjusts Policies On Debit Routing

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22) that it is working to modify its debit routing policies, saying that it has “modified and clarified” its rules to boost EMV chip card adoption in the United States. The first, said Visa, supports the more than a dozen domestic debit networks that exist alongside, and as alternatives to, Visa Debit.

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PULSE Taps FICO For Fraud Detection Across Its Debit Network

PYMNTS

The platform also helps allow — or restrict — transactions for individual or multiple accounts. The result is that PULSE is able to offer customized fraud blocking rules for its issuers, and the rules can be implemented with greater speed than had been seen before. “In billion transactions. percent in 2017 to 6.7

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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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Delivering Instant, Guaranteed Funds to Consumers

PYMNTS

Unlike traditional pull transactions where consumers are choice-limited by merchant rules and retail environments, push payments offer the ultimate in consumer flexibility. Just as in debit transactions, push payments will sometimes fail — processor switches will go down, transactions will time out.