PYMNTS

APRIL 2, 2020

Debit has never been more popular with U.S. consumers, who made almost 73 billion non-prepaid debit card transactions in 2018 – and the final 2019 number is bound to be bigger. How those debit payments are routed is the invisible part of the process – and a huge moneymaker. The Finer Points of Routing.

Debit Network 52

Debit Network Debit Card Transactions Non-Bank 52

Payment Savvy

JULY 3, 2024

These fees cover the costs of processing the transaction , ensuring the payment goes from the customer’s bank to the business’s bank account securely and efficiently. All right, you know that there’s a debit card processing fee – but who’s charging it? Each of these parties takes a small portion of the fee.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible.

Debit Card 56

Debit Card Electronic Funds Transfer (EFT) Debit Transaction Federal Reserve 56

PYMNTS

JUNE 3, 2020

The volume of grocery purchases made over PULSE’s debit network was 25 percent higher than usual during March 17 to March 24, for example. This decline in general credit use was not mirrored for debit, however — debit spending was 5 percent higher year over year during that latter week, in comparison.

Consumer 55

Consumer Debit Card Credit Cards Credit Union Service Organization 55