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How GDP Trends Impact the Payments Industry

Clearly Payments

In periods of economic expansion: Visa’s global payment volume rose 9% in 2024, closely aligned with GDP-driven increases in consumer spending, especially in debit transactions. non-cash payments increased 6%, with card-based transactions accounting for the vast majority of monthly spending as GDP-supported confidence returned.

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GIACT On Getting Ready For Nacha's Debit Account Verification Changes

PYMNTS

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.

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New NACHA Rule Could Catch Payment Processors, Merchants, FIs Off-Guard

PYMNTS

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless.

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How to Evaluate Charity Payment Solutions for Non-Profit Software Companies

Stax

User experience and integrations: Look for a provider that makes it easy to collect donations, whether the submerchant using a card reader for in-person donations or want to receive donations via methods such as digital wallets (like Google Pay) or ACH. Here’s a quick breakdown on the pros and cons of each method.

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Hitting The Gas On Real-Time Payments Adoption

PYMNTS

The year 2020 has been an unexpected one, to say the least — not least of all for the payments ecosystem. Most of the existing banking technology infrastructure is monolithic and designed for batch-based processing of ACH and wire payments," he said. yet progress hasn't been as advanced as many in the industry would have liked.

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BNPL Fraud — When "Buy Now, Pay Later" Backfires

FICO

million in the fiscal year ended June 30, 2020, and its sales more than tripled in the July-September quarter from a year earlier. Afterpay’s growth numbers are consistent with those contained in the Journal article , which says that roughly one in five millennials used a buy now, pay later service in 2020, about double the rate of Gen X.