Fintech Finance

AUGUST 15, 2024

Neural Payments’ innovative platform enables bank customers to transfer money from their account to anyone, regardless of whether the recipient’s institution utilizes Neural Payments and without the need to download a third-party app or register a new card. Recipients can claim their payment within seconds after funds are sent.

P2P

PYMNTS

OCTOBER 14, 2020

When the chips are down, consumers love and trust their debit cards. Among clear COVID-era trends is the embrace of debit for managing and mastering new realities. Debit cards remain the payment method of choice among U.S. Debit cards remain the payment method of choice among U.S.

Consumer

PYMNTS

JANUARY 30, 2020

This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Consumers also show continued interest in debit even as they adopt newer payment instruments, and a 2019 report found that 61 percent of mobile wallet users linked debit cards. The solution is.

Debit Card

PYMNTS

MARCH 30, 2020

Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Around The Next-Gen Debit World.

Debit Card

Stax

MARCH 14, 2024

Currently, in the United States, most credit cards are chip and signature, while most debit cards are chip and PIN. Like magnetic strip credit cards, you sign for a purchase when using a chip credit card. When using a chip debit card, you enter a PIN just as you did with your magnetic strip debit card.

Chip Cards

PYMNTS

NOVEMBER 12, 2019

In terms of mechanics, the new case management functionality helps issuers reduce costs by assisting them in accurately managing groups of compromised cards. The platform also helps allow — or restrict — transactions for individual or multiple accounts. billion debit card transactions in 2018.

Fraud Detection

PYMNTS

OCTOBER 19, 2017

announced news of a partnership with domestic Australian debit network eftpos. The collaboration will allow eftpos to support Apple Pay through its issued debit cards. Rambus’ TSP technology replaces traditional account numbers used by plastic cards with alternative identifiers called payment tokens.

Debit Card

PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible.

Debit Card

PYMNTS

FEBRUARY 25, 2020

Others, meanwhile, have turned their attention to the accounts receivable end of a B2B transaction. Below, PYMNTS explores the latest initiatives to improve existing payment networks for better corporate payments. Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools.

Cross-Border Payments

PYMNTS

MARCH 4, 2020

Department of the Treasury’s Bureau of the Fiscal Service disburses monies to federal benefit recipients, from veterans to senior citizens and many others, it uses millions of direct deposit prepaid debit cards as part of the payments mix. million prepaid debit cards to mostly unbanked federal beneficiaries.

Bureau of the Fiscal Service

PYMNTS

JUNE 3, 2020

Consumers are also rethinking whether they should be paying for goods with cash, credit cards or debit cards. The volume of grocery purchases made over PULSE’s debit network was 25 percent higher than usual during March 17 to March 24, for example. percent higher than PSCU had seen during the same period in 2019.

Consumer

PYMNTS

APRIL 5, 2019

. “ Same-Day ACH transfers are a game-changing option for small businesses because they provide access to needed capital by the end of the business day and offer better visibility and certainty into the timing of the transactions clearing in their bank account, which in turn leads to better cash management.” ”

Same Day ACH

PYMNTS

MARCH 14, 2017

Whether it’s checking a bank account balance or placing an order online, consumers expect fast, convenient and immediate results. DE: Payment card networks already have the rails in place to offer instant payments. Others have also begun to offer P2P capabilities that can push funds directly to a bank or debit card.

Consumer

PYMNTS

FEBRUARY 27, 2017

That app will work with any debit card — regardless of what bank issued it. Using Zelle means those funds hit the user’s actual bank account within minutes of the transaction. All in all, 19 banks have signed on for Zelle — BoA, Chase, Citigroup, Wells Fargo and U.S. It processed $17.6 Want to request $40 from a friend?

Zelle

Fintech Finance

MARCH 6, 2025

ANZ and Suncorp Bank are the first two issuers live with eftpos multi-network debit cards in the Google Wallet, with other issuers to follow over the course of 2025. Multi-network debit cards allow payments to be processed either through the eftpos network or one of the international debit networks, such as Mastercard or Visa.

Debit Card

Cardfellow

MARCH 11, 2025

Disloyalty Penalties Partnerships Effects on Small Businesses Lawsuit Overview The Justice Departments civil antitrust lawsuit alleges that Visa engaged in unlawful conduct regarding debit card networks. Lawsuit Details According to the lawsuit, at least 60% of all US debit transactions run on Visas debit networks.

Debit Network