Payments Source

NOVEMBER 30, 2016

has begun a long-term agreement to provide debit transaction processing for Virgin Money customers in the U.K. Payments processor and technology provider Total System Services Inc.

Process 73

Process Debit Transaction Processors Agreements 73

Payments Source

JANUARY 22, 2020

Seeking to clarify how merchants and banks should handle PIN debit transactions, the Accredited Standards Committee X9 and PCI Security Standards Council have created a unified standard.

Accreditation 68

Accreditation Security Debit Transaction Transactions 68

Payments Source

MAY 4, 2018

There are lot of PINless debit transactions available to capture, and First Data's migration to dual messaging on Star supports any method a consumer may choose at the point of sale.

Debit Transaction 67

Debit Transaction Transactions Payments Consumer 67

Payments Source

JUNE 15, 2016

A new assault on the major card brands over debit transaction routing got a boost this week when Home Depot sued Visa and MasterCard, alleging the card brands are pushing for the more expensive signature debit routing.

Visa 67

Visa Debit Transaction Rules Transactions 67

Payments Source

JUNE 30, 2016

has thrown its counterpunch at Walmart, saying the retailer had previously agreed to accept signature debit transactions in addition to chip-and-PIN transactions at its point of sale terminals.

Debit Transaction 65

Debit Transaction Agreements CHIPS Transactions 65

Payments Source

JUNE 15, 2018

Visa has moved to cut its debit transaction fees in India by 95%, bringing it more in line with RuPay, India’s state-run domestic debit scheme.

Small Business 63

Small Business Debit Transaction Transactions Card Network Rules 63

The Fintech Times

AUGUST 12, 2024

Card-not-present (CNP) transactions, which include online and digital purchases, also saw significant growth. In 2023, CNP transactions accounted for 36 per cent of all debit transactions and 45 per cent of debit spending, marking a 5.2 per cent year-over-year increase.

Debit Card 64

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

PYMNTS

DECEMBER 31, 2020

PIN-based debit transactions are some of the most secure, but this payment method is being used less and less, with consumers instead turning to eCommerce and in-person contactless payments during the pandemic. Security challenges are mounting, too. The Face of Fraud.

Issuers 109

Issuers Card Issuer Point-of-Sale (POS) Debit Transaction 109

Fintech News

SEPTEMBER 17, 2024

Australia, for example, introduced caps on interchange fees in 2003 for both credit and debit transactions. India has introduced interchange caps for debit and transactions on the United Payments Interface (UPI) network, but credit transactions remain uncapped.

APACS 106

APACS Regulations Caps Real Time Payments 106

Payments Source

JUNE 2, 2017

merchants has joined a lawsuit against Visa and Mastercard seeking damages over interchange fees the card networks levied on credit and debit transactions. A group of U.K.

Visa 60

Visa Debit Transaction Transactions 60

Payments Source

MARCH 4, 2016

A new Federal Reserve Bank report opens the door for retailer groups to push again for even lower transaction fees by deflating the argument that small banks have been harmed by the Durbin amendment's reduced debit transaction fees for larger banks.

Federal Reserve 60

Federal Reserve Fed Debit Transaction Transactions 60

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.

Adjustments 60

Adjustments Chip Cards EMV Debit Transaction 60

PYMNTS

OCTOBER 14, 2020

Touchless Debit, Meet Cybercrooks.

Consumer 73

Consumer Debit Card Debit Network Identity Theft 73

PYMNTS

DECEMBER 7, 2020

79% : Increase in debit transactions on Prime Day over the prior day. Data: 423 : Number of days consumers think it will take before life returns to pre-COVID normal. 2% : Share of Walmart+ subscribers who do not have Amazon Prime subscriptions. 70% : Share of consumers who prefer not to share biometric data.

Debit Transaction 66

Debit Transaction Returns Consumer Transactions 66

PYMNTS

JANUARY 13, 2021

There are myriad personalized factors to consider before a merchant undertakes a program to implement surcharges, including an audit of things like average ticket size, customer demographics and the percentage of credit versus debit transactions. “If

Transactions 90

Transactions Debit Transaction Credit Cards Card Issuer 90

PYMNTS

NOVEMBER 8, 2016

In the meantime, Tesco has said that reimbursements will be done by the end of today. Separately, the newswire reported that the U.K.’s s National Crime Agency is in the midst of a criminal investigation into the thefts.

Breach 69

Breach Cybersecurity Debit Transaction Crime 69

Payment Savvy

JULY 3, 2024

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.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

PYMNTS

SEPTEMBER 14, 2020

The September Next-Gen Debit Tracker® examines consumer behavioral shifts that are taking on an air of permanence as recovery and reopening unfolds all around. Card-not-present (CNP) debit transactions increased geometrically since COVID-19 came to town, meaning merchants need to focus on the desires of these users foremost right now. “We

Debit Transaction 57

Debit Transaction Contactless Payments Debit Card Funds Availability 57

PYMNTS

AUGUST 6, 2020

The company highlighted the friction of the legacy ACH rail that can slow down transaction speeds, noting that its technology adds pre-authorization to ACH debit transactions and enables FIs to predict funds ability using intelligence technology.

FinTech 110

FinTech Payment APIs and Integration ACH Online and Mobile Banking 110

The Fintech Times

SEPTEMBER 27, 2024

The complaint Filed in the US District Court for the Southern District of New York, the complaint explains that more than 60 per cent of debit transactions in the United States run on Visa’s debit network. As a result, it can charge over $7billion in fees each year for processing those transactions.

Debit Network 59

Debit Network Innovation Debit Transaction Agreements 59

Clearly Payments

AUGUST 24, 2024

Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. According to Visa, tokenized transactions accounted for 85% of all mobile debit transactions in North America in 2023.

Debit Card 87

Debit Card P2P Cross-Border Central Bank 87

PYMNTS

FEBRUARY 1, 2021

Visa noted, too, that debit spending has been high in the wake of repeated waves of stimulus payments deposited directly onto debit cards or in bank accounts.

Issuers 82

Issuers Debit Card BNPL Point-of-Sale (POS) 82

PYMNTS

MARCH 19, 2019

In addition, the number of people making mobile payments in stores is on the move in Vietnam and more than four in 10 credit and debit transactions were processed through contactless technology in the United Kingdom last year. Coverage includes Xiaomi’s unveiling of its Mi Pay mobile payment service in India. In addition, almost 7.4

Mobile Payments 59

Mobile Payments Debit Card Debit Transaction Contactless Payments 59

The Fintech Times

NOVEMBER 22, 2024

Eve McIntyre , general manager at Rent The Roo “ With our previous payment provider, debit transactions could appear as pending for 24 to 72 hours, often causing confusion about whether a payment had been made,” explained Eve McIntyre , general manager at Rent The Roo.

Automation 72

Automation Payments Payer Debit Transaction 72

Fintech Finance

NOVEMBER 21, 2024

Eve McIntyre, General Manager at Rent The Roo said : “With our previous payment provider, debit transactions could appear as pending for 24 to 72 hours, often causing confusion about whether a payment had been made. This led to missed payments and unfair third-party fees piling up for clients.

Payer 98

Payer Payments Debit Transaction Risk 98

Stax

NOVEMBER 13, 2024

What are ACH Debit Payments? An ACH debit transaction is another form of payment processed by the ACH network. With an ACH debit payment, a customer requests their bank to withdraw money from their account and then deliver it to the receiving party’s bank account.

ACH 88

ACH ACH Network Payer Payee 88

PYMNTS

SEPTEMBER 15, 2017

As Phase 2 for debit transactions gets underway, the movement represents an option to transition to the two same-day windows now in place for credit transactions. With same-day debit , Larimer said, “consumers know their true balance faster.” We’re seeing robust use of same-day ACH credits,” said Larimer.

Same Day ACH 52

Same Day ACH ACH NACHA Credit Transaction 52

The Paypers

AUGUST 11, 2020

Discover Financial Services ’ PULSE has revealed that card-not-present transactions volume grew at 10 times the rate of card-present in 2019, while issuance of contactless cards nearly tripled.

Debit Transaction 28

Debit Transaction Transactions Volume 28

PYMNTS

SEPTEMBER 15, 2020

There will soon be rules in place that govern how merchants and other entities make sure the accounts presented for debit transactions are valid — and in the process, cut down on fraud and chargebacks. There must be assurance, through solutions such as GIACT’s, that the account exists, what its “health” might be (i.e.,

NACHA 69

NACHA Verification Accounts Account Validation 69

Paystand

NOVEMBER 21, 2024

Credit vs. Debit Transactions: While credit transactions involve extending credit to cardholders, debit transactions require the issuing bank to verify and deduct funds directly from the cardholder’s account.

Debit Transaction 40

Debit Transaction Debit Card Credit Risk Mitigation 40

PYMNTS

MARCH 12, 2020

The conversation took place against a backdrop where, as reported in the Next-Gen Debit Tracker , non-cash payments have been rising 6 percent a year, and where payroll cards and debit transactions are gaining ground.

Payroll 61

Payroll Issuers Debit Transaction Push-to-Card 61

PYMNTS

APRIL 28, 2020

These shifts have made digital banking and debit transactions more important than ever. The coronavirus pandemic has left consumers staying home when possible to stop the virus’s spread. It has also made them wary of taking on debt because their financial circumstances could change at any moment.

Online and Mobile Banking 95

Online and Mobile Banking Debit Card Direct Deposit Contactless Payments 95

PYMNTS

JANUARY 21, 2021

Ensuring that robust fraud protections are in place to safeguard debit transactions is thus growing increasingly important for businesses, financial institutions (FIs) and issuers. It also analyzes how retailers, debit issuers and other payment players can sharpen the tools they use to keep debit fraud in check.

Debit Card 59

Debit Card Online and Mobile Banking Debit Transaction Issuers 59

PYMNTS

MAY 22, 2020

CO-OP saw credit and debit transaction counts fall precipitously in the early weeks of the pandemic, as low as 30 percent. It’s slowly picking up just a little bit,” he said. We’re picking up a little more each day from the previous day.”.

Credit Union 105

Credit Union Remote Deposit Capture Volume Push-to-Card 105

PYMNTS

NOVEMBER 8, 2016

In the meantime, Tesco has said that reimbursements will be done by the end of today. Separately, the newswire reported that the U.K.’s s National Crime Agency is in the midst of a criminal investigation into the thefts.

Breach 53

Breach Cybersecurity Debit Transaction Crime 53

PYMNTS

APRIL 1, 2020

Such concerns drove the federal government to pass the Durbin Amendment as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, but this was not the first attempt to improve the debit card situation. Mastercard and Visa handled more than 80 percent of debit transactions in 2009 — the year before the amendment passed.

Debit Card 56

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

PYMNTS

DECEMBER 22, 2020

Debit Wins Out. The overall cautiousness and sense of financial prudence, he said, can be seen in the fact that consumers are embracing debit transactions over credit, using cash on hand rather than choosing to build their liabilities on a credit card.

Consumer 123

Consumer Credit Union BNPL Payment APIs and Integration 123