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As EMV Spreads, PIN Debit Networks Air Their Grievances

Payments Source

While Walmart's lawsuit against Visa this week centers on authorization and routing methods, the Debit Network Alliance LLC — a group of independent debit networks — is also taking issue with EMV routing in addressing how terminal software is handling the choices presented to consumers.

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Retailers, debit networks form group to strengthen security

Payments Source

Retailer associations and debit network providers have formed the Secure Payments Partnership, designed to address the ongoing problem of payment fraud.

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New Corporate Payment Tricks For Old Rails

PYMNTS

Standardizing these integrations means boosted visibility, the company said, while reducing costs, improving compliance and addressing the growing threat of fraud. Rapyd Wields The Visa Network.

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A Critical Look At Debit Routing

PYMNTS

The March 2020 PYMNTS Next-Gen Debit Tracker ®, a PULSE collaboration, provides an in-depth examination of debit’s changing role in both banking and retail, with a deep dive especially for merchants who want to control their routing spend. The Finer Points of Routing. percent of the transaction value, for example.

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GoCardless Debuts In US With Recurring ACH B2B Payments Sevice

PYMNTS

By using the ACH debit network on the GoCardless platform, merchants can pull payments directly from their customers’ bank accounts at a lower cost than credit cards and without the overhead and burden of cash and checks,” the company said in a statement to TechCrunch.

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Deep Dive: How Payment Card Networks Win Merchants Over

PYMNTS

POS systems that accept PIN-authenticated payments transmit card details to debit network operators that then assess transactions’ associated fraud risks. Consumers’ funds are then sent to PIN debit network operators, which extract interchange fees and pass the rest to merchants’ banks.

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A Big List of Payment Gateways

Clearly Payments

GoCardless: Global bank debit network for recurring payments (International). Customer Support: Access to responsive customer support is crucial for addressing any issues promptly. Fortumo: Carrier billing and mobile payments platform (International).