Remove 2019 Remove Contactless Payments Remove Debit Transaction
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Consumers Embrace Debit Amid Ongoing Uncertainty

PYMNTS

“One large debit network reported that debit purchases over its network hit $52.9 billion spent in Q2 2019,” the Tracker states , “driven both by increased online shopping and the growing adoption of contactless payment methods among touch-wary customers shopping in stores.”. Touchless Debit, Meet Cybercrooks.

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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. The Face of Fraud. Not all CP purchases are equally safe, however.

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Xiaomi Unveils Mi Pay Service In India; Mobile Payment Users Rise In Vietnam

PYMNTS

Coverage includes Xiaomi’s unveiling of its Mi Pay mobile payment service in India. 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.

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Contactless Next-Gen Debit Making Gains

PYMNTS

PYMNTS latest Next-Gen Debit Tracker® done in collaboration with PULSE , A Discover Company, notes, “Many shoppers are turning to options like contactless debit cards that can be waved over POS terminals, or they may be steering clear of brick-and-mortar locations altogether by simply buying their items online or via apps.”.

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Deep Dive: Why FIs, Businesses Must Readjust Their Debit Fraud Protection Strategies In 2021

PYMNTS

Debit-related fraud is a particular concern for businesses and banks as failing to thwart such schemes could have significant and costly consequences. One recent PYMNTS study found that 28 percent of millennials now consider themselves debit-centric users, indicating that debit use is also strong among younger generations.

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

PYMNTS

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. More merch ants are enabling mobile wallet payments, as well.

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Mobile Payments: What’s In It For Me?

PYMNTS

can now use their PayPal accounts for contactless payments. and has partnered with PayPal to allow contactless payments in over 400,000 restaurants, shops and to pay for transportation. Although eMarketer predicts that proximity payments, in-store payments by mobile phone, are expected to grow to $210 billion in the U.S.