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US Debit Card Usage Soars as Consumers Embrace Convenient Payments

The Fintech Times

Commissioned by Discover® Financial Services’ PULSE debit network and conducted by Banking & Payments Group , the study gauged insights from large banks, credit unions and community banks. On average, active debit cardholders completed 34.6 transactions per month, including 30.7 ATM transactions.

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Deep Dive: Why ML Plays A Key Role In Debit Issuers' Fraud-Fighting Strategies

PYMNTS

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.

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Debit Surge Has Ripple Effects On Networks And Issuers

PYMNTS

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. As reported in July, Visa Installments, a new point-of-sale (POS) credit solution, debuted in pilot markets across the U.S.

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How Music Retailers Keep Card-Not-Present Fraud From Sounding A Sour Note

PYMNTS

Consumers who previously paid for purchases by swiping or inserting their cards at in-store point-of-sale (POS) terminals are now turning to contactless cards and online shopping to safely and easily obtain needed goods. Around The Next-Gen Debit World. The COVID-19 pandemic is shaking up shopping behavior.

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How FIs Can Win The Battle Against ‘Smarter’ Payments Fraud

PYMNTS

Lerdal pointed to P2P payments and eCommerce as key areas of attack. “In In the old days, it was ATMs and the point of sale [POS],” he said. Drilling down a bit, within the institutionalization of fraud, certain types of commerce are finding favor among fraudsters.

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Deep Dive: Assessing And Tackling Debit Card Fraud

PYMNTS

Consumers are increasingly relying on debit rather than credit cards to make online purchases, with one report noting that one in four debit transactions are now made without cards being physically present. Fraud And The Problem Of Convenience. Consumers — especially those in the U.S. —

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Earnings Reports from FIS to PayPal Herald Point of Sale’s ‘New Normal’

PYMNTS

And in commentary on the latest earnings call, CEO Jack Dorsey and Chief Financial Officer Amrita Ahuja said that the move toward online sales saw online store GPV surge by more than five times since mid-March, to a weekly run rate at $59 million, or $3 billion on an annualized basis. In the U.S.

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