PYMNTS

NOVEMBER 2, 2018

NACHA – The Electronic Payments Association – announced Thursday (Nov. 1) that automated clearing house (ACH) payments totaled more than 5.6 billion in the third quarter of 2018, a 6.7 percent increase from the third quarter of last year.

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ACH Network ACH NACHA Same Day ACH 67

PYMNTS

FEBRUARY 1, 2021

Increases in debit spending helped to buoy results, overall. Consider the fact that, for example, Visa ’s overall payments volume was up 4 percent year over year. For the network giant, debit volumes were up 20 percent to $1.2 trillion, while credit slipped 9 percent.

Issuers 82

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

Stax

JUNE 25, 2024

Tiered pricing: Credit and debit transactions are usually split into one of 3 different tiers: qualified, mid-qualified, and non-qualified, with the latter having the highest rates. For higher-volume businesses, you can save on transaction fees. Here’s a quick breakdown on the pros and cons of each method.

Payment Solutions 88

Payment Solutions Payment APIs and Integration ISVS PCI DSS 88

Fintech Finance

MAY 10, 2024

Multiple payment options: Borrowers will be able to use their debit card to make mortgage payments conveniently through their Apple Wallet or Google Wallet, SMS text to pay, email click to pay, borrower portals, or call centers.

Debit Card 52

Debit Card Fincen Automation Debit Transaction 52

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. FIs who are processing WEB Debits from their Treasury clients, must ensure those clients have an account validation process in place.

NACHA 69

NACHA Verification Accounts Account Validation 69

PYMNTS

APRIL 11, 2018

It is the third year in a row in which the number of new ACH transactions increased by more than one billion. Last year, nine billion ACH credit transactions had a total value of more than $30 trillion, while the more than 12 billion debit transactions had a total value of more than $16 trillion.

ACH Network 44

ACH Network ACH Same Day ACH Transactions 44

PYMNTS

MAY 8, 2020

Drill down into the numbers, and the term “falling off a cliff” comes to mind, as healthy transaction and sales volumes at key merchant customers faced massive headwinds — and only now are starting to show a bounce off their nadirs. Eventually retail and restaurants stabilized at 30 percent volume declines year over year in April.

PayPal 98

PayPal Online and Mobile Banking Volume Point-of-Sale (POS) 98

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.

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Same Day ACH ACH NACHA Credit Transaction 52

PYMNTS

JANUARY 13, 2021

With its purview of servicing over 30,000 clients and processing over $10 billion in annual card volume, the Payroc CFO said the decision of whether to pass along some or all of these fees – or to simply eat them – is a very personalized decision. A Highly Personal Decision.

Transactions 90

Transactions Debit Transaction Credit Cards Card Issuer 90

Fintech Finance

FEBRUARY 26, 2024

In the first 6 weeks of 2024, Thredd , a leading modern payments processor serving clients globally, has seen an atypical early-year uptick in debit and prepaid payment transactions. Both in terms of month-over-month and year-over-year (YoY) growth, volumes have grown across several business verticals.

Transactions 52

Transactions BNPL B2C FinTech 52

PYMNTS

APRIL 17, 2017

The added attribute of speed provides additional flexibility and options to a system that has the capacity to process credit and debit transactions, payments and robust information together, domestic and international transactions, business and consumer payments, and more.

Same Day ACH 40

Same Day ACH NACHA ACH ACH Network 40

Payment Savvy

JULY 12, 2024

Pros: No fees for debit card transactions Secure and widely accepted Easy integration with Apple devices Cons: Limited to Apple users Not all banks support Apple Pay How to Implement Free Payment Processing Step 1: Evaluate Your Needs Determine the types of payments you need to process and your business’s most important features.

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 52

EBizCharge

AUGUST 8, 2024

ACH payments process large volumes of credit and debit transactions in batches. Fast transaction processing is necessary to keep pace with the high-speed nature of modern commerce. Scalability: As a business grows, its payment processing needs evolve as well.

Processors 52

Processors Payment Gateways Fraud Detection Encryption 52

PYMNTS

FEBRUARY 6, 2020

In line with recent findings showing consumers’ preference for debit , growth of that payment method outpaced credit growth among owner CUs. Debit sales volume grew by 8.76 from last year and debit transactions grew 7.4 percent, while credit sales and transactions both grew by 6.4

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Credit Union Credit Union Service Organization Debit Transaction PayPal 52

PYMNTS

JANUARY 26, 2021

Waterhouse said the big evolution for the year ahead will involve taking what are now typically debit transactions like check or automated clearing house (ACH) debit and migrating those to the RTP network combining a Request for Payment (RfP) with a consumer authenticated RTP payment. It’s just becoming the norm,” he said. “We

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Real Time Payments RTP RFP TCH 109

PYMNTS

MAY 18, 2020

The weekly report showed that overall credit card spending was down 17 percent, while overall debit card spend was higher by 12.3 The average debit card purchase amount rose 19.9 percent year over year, and the volume of overall debit transactions grew for the sixth consecutive week. percent year over year.

Debit Card 52

Debit Card Credit Union Service Organization Credit Cards Credit Union 52

PYMNTS

FEBRUARY 1, 2019

Payments volume and processed transactions gained 11 percent, a bit below the payments volume expectations of 12.3 Through Jan 21, said management, processed transactions are up 12 percent. Cross-border transactions were up 7 percent in the quarter. Gross dollar volume up 14 percent to $1.5 billion cards.

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Volume Cross-Border Debit Transaction Venmo 46

PYMNTS

JANUARY 19, 2021

Fraudsters have unfortunately also carefully followed this payment trend, with skimming, prepaid card and ATM fraud all seeing upticks recently — especially in regard to debit transactions. One study revealed that 83 percent of top retailers in the U.S.

Debit Card 62

Debit Card Online and Mobile Banking Push-to-Card P2P 62

PYMNTS

SEPTEMBER 15, 2017

For this calendar year, Larimer said NACHA is projecting 50 million transactions: “We are pleased with the volume so far … and we are expecting to see more use from same-day debits. A lot of the prep work for debit, said Larimer, was done before credit went live last year. We are excited for this to go live.”.

Same Day ACH 48

Same Day ACH ACH NACHA Debit Transaction 48

PYMNTS

SEPTEMBER 9, 2020

It also examines how merchants and financial institutions (FIs) are responding and working to enable easy contactless and online purchasing while keeping such card-not-present (CNP) transactions safe. Around The Next-Gen Debit World.

Debit Card 64

Debit Card Credit Union Service Organization Point-of-Sale (POS) Contactless Payments 64

PYMNTS

JANUARY 31, 2017

Gross dollar volume was up 9 percent to $1.2 the company said, total volumes stood at $388 million, up from $378 million a year ago and bifurcated between $199 million in debit transactions and the remainder in credit transactions. Cross border volumes were up 13 percent. percent year over year to $2.76

Visa 40

Visa Cross-Border Volume Debit Transaction 40

PYMNTS

NOVEMBER 2, 2020

eBay said that in the quarter it had migrated more than 340,000 sellers, which represented over 20 percent of on-platform volume. Wells Fargo said debit purchase volumes were up 11 percent year on year. Citi saw revenue from cards declining 18 percent and pending volume by customers down 10 percent year over year.

Online and Mobile Banking 84

Online and Mobile Banking Cross-Border Visa Volume 84

PYMNTS

JUNE 27, 2016

There is no rational basis for Visa to cut off Kroger’s ability to accept any or all Visa debit cards unless Visa intended to punish Kroger,” the grocery chain said in the lawsuit that was filed in U.S.

EMV 41

EMV Debit Card CHIPS Debit Transaction 41

PYMNTS

NOVEMBER 28, 2016

India-based online payments company Razorpay has launched its latest solution to support the recurring payment needs of an industry dealing with a high volume of these transactions: Software-as-a-Service. The tool negates the need for SaaS firms or their clients to manually initiate the payment.

Payments 43

Payments Payment Gateways Payer Debit Transaction 43

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. of all transactions and 29.5%

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APACS Regulations Caps Real Time Payments 92

EBizCharge

JULY 18, 2024

ACH is widely known for processing large credit and debit transactions, including direct deposits and bill payments. Determine the volume of transactions and types of documents that will be exchanged. Meanwhile, ACH is a specific network for moving funds between banks in the United States.

ACH 52

ACH Transactions Payments Funds Transfer 52

PYMNTS

JUNE 2, 2020

She added that the commercial card side of the business has “tanked” as travel volumes disappeared. With a nod to how people are paying as they conduct commerce online, Carrera said there has been a bit of a horse race between debit and credit payments. There was at least some surge in transactions when stimulus payments hit.

Digital Payments 53

Digital Payments Online and Mobile Banking Payments Push-to-Card 53

PYMNTS

MAY 22, 2018

Those payments work over the same infrastructure and rails that deliver a debit transaction, but in reverse. Frew said, “The movement has been one from a transaction that was in the rest of the world, but not in the U.S. — And there was no volume … until the U.S. and didn’t really work in the U.S.

Push-to-Card 40

Push-to-Card Same Day ACH ACH Payments 40

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

MAY 31, 2018

It recommends converting credit and debit transactions into ACH transactions, and offers standardized guidance for translating ACH reject/return messages. All told, analysts predict that ISO 20022 will support 79 percent of payment volume and 87 percent of transactions around the world within the next five years.

ISO 20022 40

ISO 20022 ISOs Interoperability NACHA 40

PYMNTS

APRIL 30, 2020

Visa posted fiscal second-quarter results that showed a precipitous falloff in cross-border volumes late in the quarter amid the coronavirus pandemic, alongside what it termed a “significant deterioration” in spending that was evident in March. Cross-border volume was off 2 percent. Card present volumes were down 45 percent.

Transactions 89

Transactions Cross-Border Volume Contactless Payments 89

EBizCharge

JULY 16, 2024

As transaction volumes or the complexity of the ACH services increase, institutions or service providers must enhance their fraud detection and prevention mechanisms. Authorization requirements Before initiating ACH debit transactions, NACHA requires that entities obtain explicit, written authorization from the customer.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

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. In the meantime, CO-OP’s Contact Center volumes have been through the roof, and the company has seen massive single-day spikes in transaction volume across the Shared Branch network, he said.

Credit Union 105

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

Nanonets

MARCH 21, 2023

In some situations, a transaction that has already been processed may not stay that way if it’s reported by the RDFI as a failed transaction later on. Consumers also have 60 days from the date of any statement containing an ACH debit transaction to dispute it with NACHA. per transaction.

ACH 52

ACH RDFI ACH Network ODFI 52

Clearly Payments

JANUARY 16, 2024

Merchants, particularly those with substantial transaction volumes, should negotiate terms and fees with their payment service providers or switch to a low cost payment processor like Clearly Payments. Encourage Debit Card Usage: Debit cards generally have lower interchange fees compared to credit cards.

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PCI DSS Processors Debit Card Credit Cards 105

PYMNTS

JUNE 19, 2016

For example, over 70 percent of Walmart’s chip-based transactions are debit – and giving customers the option to sign instead of key in PIN is a big deal. Visa] has demanded that we allow fraud-prone signature verification for debit transactions in our U.S. percent to 2.08

EMV 40

EMV CHIPS VARS Push-to-Card 40

PYMNTS

MARCH 11, 2016

In those situations, the merchant will very often assume the interest owed on the installment plan in order to attract a higher volume of sales. In Brazil, 80 percent of all transactions involve installments. If an acquirer sees that a transaction is happening locally they tend to put less rules on those.

Credit Cards 42

Credit Cards Payments Transactions Visa 42