Payments Source

JANUARY 14, 2020

The specific impetus for the Federal Trade Commission's inquiry into Visa and Mastercard's debit transaction routing processes is not entirely clear, but it likely stems from the effect that advanced payments technology has had on Durbin amendment compliance.

Federal Trade Commission 83

Federal Trade Commission FTC Debit Transaction Compliance 83

The Paypers

MAY 19, 2016

(The Paypers) An average of only 20% of credit card transactions and 10% of debit transactions are chip-on-chip and CNP fraud is expected to rise with the use of EMV, a recent report unveils.

CHIPS 28

CHIPS Debit Transaction EMV Credit Cards 28

PYMNTS

FEBRUARY 23, 2016

Last year, starting in about August, the big EMV countdown was underway — though the question as to whether they were going to “make it” was already answered. 1, around half of “big retailers” had EMV while smaller retailers were clocking in at 10 percent to 33 percent, depending on whose count one liked. They weren’t.

EMV 41

EMV CHIPS Chip Cards Push-to-Card 41

PYMNTS

JANUARY 30, 2020

Financial institutions (FIs) cannot simply expect the popularity of debit to persist unaided, however, and must continue to innovate to keep fraud rates at a minimum. Federal Trade Commission (FTC) is investigating whether these companies illegally prevented merchants from routing debit transactions over alternate networks.

Security 73

Security Debit Card Fraud Detection Federal Trade Commission 73

PYMNTS

APRIL 12, 2018

Tomorrow, April 13, signing a receipt at the end of a Mastercard credit or debit transaction at the physical POS will become a relic of payments history. market development EVP Linda Kirkpatrick – shared a coffee shop anecdote about waiting in line behind someone who whipped out her debit card to pay for a $2.30

EMV 51

EMV Visa Issuers Disputes 51

PYMNTS

NOVEMBER 1, 2017

In a statement that accompanied the release, CEO Jeffrey Yabuki said that the earnings growth came despite “pressure from lower periodic revenue in the quarter” and tough comparison for EMV card production revenue growth as measured year over year. . In addition, mobility ASP subscribers were up 20 percent year over year to 6.4

Posting 51

Posting Digital Payments Zelle Liquidity Management 51

Fintech Labs Insights

AUGUST 27, 2015

SumUp’s technology enables merchants to accept credit and debit card payment via both smartphone and tablet. The solution relies on proprietary, end-to-end, EMV payment technology, a portable card reader, and an app available on both iOS and Android to provide small businesses to accept payments on the go.

Debit Transaction 26

Debit Transaction Debit Card EMV Small Business 26

FICO

JUNE 14, 2021

However, traditional banks are launching their own BNPL offerings, a situation that entails a distinctly different set of fraud risks compared to traditional point-of-sale credit and debit transactions. In the U.S.,

BNPL 52

BNPL Online and Mobile Banking Credit Cards Wire Transfer 52

PYMNTS

MAY 16, 2016

But things heated up last week when Walmart sued Visa over EMV and chips without PINs. Signature transactions, on average, cost $0.05 more than PIN transactions — although it has not been publicly revealed what the spread is for Walmart. Seventy percent of Walmart’s chip-based transactions are on debit cards.

Central Bank 40

Central Bank SWIFT CHIPS EMV 40

PYMNTS

FEBRUARY 2, 2018

Overall themes for investments moving forward will include contactless payments, and authentication methods, which Kelly said are part of a “natural evolution” following the adoption of EMV infrastructure. debit transaction growth was around eight percent, Kelly said, “debit as well as credit looked good in the holiday season.”

EMV 40

EMV Volume Cross-Border APACS 40