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

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?

Debit Transaction 40

Debit Transaction AI Transactions Debit Network 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

PYMNTS

NOVEMBER 12, 2019

FICO said the platform detects potential fraud while remaining invisible to the consumer during legitimate transactions. The platform also helps allow — or restrict — transactions for individual or multiple accounts. In its 2019 Debit Issuer Study , PULSE said debit transactions have seen an accelerating growth rate, from 5.3

Fraud Detection 40

Fraud Detection Debit Network Issuers Risk Mitigation 40

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

Consumer 73

Consumer Debit Card Debit Network Identity Theft 73

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.

Debit Card 70

Debit Card FTC Visa Federal Trade Commission 70

The Fintech Times

AUGUST 12, 2024

US consumers are increasingly turning to debit cards for their everyday transactions, driving a significant surge in the number of transactions and overall spending. On average, active debit cardholders completed 34.6 transactions per month, including 30.7 ATM transactions. per cent year-over-year increase.

Debit Card 64

Debit Card Consumer Debit Transaction Point-of-Sale (POS) 64

Clearly Payments

DECEMBER 3, 2023

In the rapidly evolving world of e-commerce and digital transactions, the choice of a payment gateway is a crucial decision for businesses. A payment gateway serves as the bridge between the customer and the merchant, facilitating secure and seamless transactions. eProcessing Network: Payment gateway and services (United States).

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Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 105

The Paypers

JULY 24, 2020

BHMI has announced that PULSE , the nation’s debit network, is now using Concourse – Extended Settlement for its principle settlement of transactions.

Transactions 28

Transactions Volume Debit Network Settlement 28

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. percent of the transaction value, for example.

Debit Network 52

Debit Network Debit Card Transactions Non-Bank 52

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. The federation noted that the U.S.

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Adjustments Chip Cards EMV Debit Transaction 60

The Paypers

OCTOBER 19, 2017

(The Paypers) Rambus has partnered with eftpos, the Australian domestic debit network, to help support secure transactions with Apple Pay for users in Australia.

Transactions 28

Transactions Debit Network Security 28

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

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. When cardholders use eftpos debit cards enabled with Apple Pay, card numbers and details are stored neither on Apple’s servers nor on the point-of-sale device.

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Debit Card Debit Network Payer EMV 46

Payment Savvy

JULY 3, 2024

What Are Debit Card Processing Fees? Debit card processing fees are charges that businesses must pay every time they accept a debit card payment. 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.

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Debit Card Process Debit Transaction Processors 52

PYMNTS

FEBRUARY 25, 2020

Others, meanwhile, have turned their attention to the accounts receivable end of a B2B transaction. Below, PYMNTS explores the latest initiatives to improve existing payment networks for better corporate payments. Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools.

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Cross-Border Payments Cross-Border SWIFT Debit Network 56

Stax

MARCH 14, 2024

The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. You will still be subject to the costs of debit vs. credit payments, etc. During the EMV chip card rollout, consumers reported frustration with slower transaction times.

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Chip Cards CHIPS EMV Debit Card 88

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

SEPTEMBER 19, 2019

“By using the ACH debit network on the GoCardless platform, merchants can pull payments directly from their customers’ bank accounts at a lower cost than credit cards and without the overhead and burden of cash and checks,” the company said in a statement to TechCrunch.

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ACH B2B NACHA Debit Network 51

PYMNTS

MARCH 30, 2020

Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Rising generations show a keen interest in debit cards, according to a new report.

Debit Card 66

Debit Card Venmo Point-of-Sale (POS) Online and Mobile Banking 66

PYMNTS

JANUARY 30, 2020

The data of 4 million breached debit and credit cards was even posted for sale in late 2019, stolen from four restaurant chains between April and September 2019, and recently made available for purchase on Joker’s Stash, an online black market. Card issuers, networks and retailers all must play a part in defending against such breaches.

Debit Card 73

Debit Card Security Fraud Detection Federal Trade Commission 73

The Paypers

JANUARY 6, 2017

(The Paypers) Caribbean Integrated Financial Services (CarIFS), Barbados’ national debit network, has chosen Fiserv for full EMV-compliant and PCI-certified payment transaction platform.

Debit Network 28

Debit Network EMV Process Security 28

PYMNTS

MARCH 10, 2017

For more than 30 years, INTERAC has been Canada’s debit network facilitating secure financial transactions. Canada has the advantage of leveraging a connected player like INTERAC, which processed $351 billion worth of transactions on its rails in 2016. FIs in the U.S.

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Faster Payments Payments Interoperability Push-to-Card 67

PYMNTS

APRIL 5, 2019

. “ Same-Day ACH transfers are a game-changing option for small businesses because they provide access to needed capital by the end of the business day and offer better visibility and certainty into the timing of the transactions clearing in their bank account, which in turn leads to better cash management.” ”

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Same Day ACH ACH Small Business NACHA 43

PYMNTS

JULY 10, 2019

The continuing rise of cross-border commerce, B2B digital transactions and international recurring payments are among the main trends that will carry into the 2020s. It’s reduce [payment] failure rates and decreased transaction costs,” Sood told Webster. The company processes some $10 billion worth of transactions per year.

B2B 46

B2B Cross-Border Credit Cards Debit Network 46

PYMNTS

NOVEMBER 14, 2019

FTC Probing Visa, Mastercard About Debit Card Practices. 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. Three billion credit and debit cards.

Debit Card 40

Debit Card Federal Trade Commission FTC Fed 40

PYMNTS

MARCH 4, 2020

That socioeconomic trauma lives on in collective memory, and while card usage has been rising steadily for the past few years, debit is bigger than ever with card-using consumers. Debt Rises, Debit Roars.

Bureau of the Fiscal Service 52

Bureau of the Fiscal Service Fiscal Service Debit Card Credit Cards 52

PYMNTS

JUNE 3, 2020

The COVID-19 pandemic and safety measures taken to slow the virus’s spread have overturned consumers’ daily lives, including what they are buying and which payment methods they are using to transact. 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.

Consumer 55

Consumer Debit Card Credit Cards Credit Union Service Organization 55

My Payment Savvy

APRIL 8, 2025

Since it is mainly used for peer-to-peer transactions, it is a convenient way to complete activities as a group or send funds to friends. Step 5: Click Pay then adjust the privacy settings before confirming the transaction. Click on it to ensure that the privacy settings are correct, and mark the transaction as private.

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Venmo PayPal Transactions Accounts 40

PYMNTS

APRIL 4, 2016

“It would erode the entire margin of the transaction.”. Gold, on the other hand, “preserves and protects” the value of a transaction or a payment, MacMullin said, making it an ideal currency for cross-border transactions and international operations. Basically, we created a global debit network based on top of gold,” he said.

Bitcoin 40

Bitcoin Cross-Border Money Laundering Debit Network 40

PYMNTS

NOVEMBER 6, 2019

Under the traditional way of doing things (the way generally controlled by traditional financial institutions), that software company would have to set up a local Australian bank account, and deal with hedging, remittances and other often-cumbersome tasks common to cross-border transactions. Global Debit Network.

B2C 40

B2C B2B Cross-Border ACH 40

PYMNTS

MARCH 14, 2017

For comparison, this is six times the debit or pull transaction market. Ubiquity — One card network does not define push payments. Unlike traditional pull transactions where consumers are choice-limited by merchant rules and retail environments, push payments offer the ultimate in consumer flexibility.

Consumer 40

Consumer Push-to-Card Gateways P2P 40

PYMNTS

FEBRUARY 27, 2017

That app will work with any debit card — regardless of what bank issued it. billion in transactions last year, a 135 percent increase from the previous year. Using Zelle means those funds hit the user’s actual bank account within minutes of the transaction. It processed $17.6 And Venmo’s base is almost inordinately fond of it.

Zelle 40

Zelle Venmo Online and Mobile Banking P2P 40

Cardfellow

MARCH 11, 2025

Disloyalty Penalties Partnerships Effects on Small Businesses Lawsuit Overview The Justice Departments civil antitrust lawsuit alleges that Visa engaged in unlawful conduct regarding debit card networks. Lawsuit Details According to the lawsuit, at least 60% of all US debit transactions run on Visas debit networks.

Debit Network 40

Debit Network Debit Transaction Debit Card Agreements 40

Fintech Finance

MARCH 6, 2025

Australian Payments Plus (AP+) has worked with Google to roll out eftpos functionality and Least Cost Routing (LCR) on transactions made via the mobile Google Wallet, allowing merchants to choose to have more payments routed via the lower cost eftpos network.

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Debit Card Issuers Debit Network Small Business 52