PYMNTS
DECEMBER 31, 2020
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.
Clearly Payments
JANUARY 16, 2024
Some regions, including Canada, has regulatory measures in place to address interchange fees and promote fairness in the payments ecosystem. Encourage Debit Card Usage: Debit cards generally have lower interchange fees compared to credit cards. Different MCCs may have distinct interchange fee structures.
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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. There must be assurance, through solutions such as GIACT’s, that the account exists, what its “health” might be (i.e.,
PYMNTS
APRIL 1, 2020
Such concerns drove the federal government to pass the Durbin Amendment as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, but this was not the first attempt to improve the debit card situation. Mastercard and Visa handled more than 80 percent of debit transactions in 2009 — the year before the amendment passed.
PYMNTS
SEPTEMBER 26, 2019
That consideration includes assessing the potential benefits and risks that come with the two fundamental types of bank payments: push and pull transactions. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems.
PYMNTS
MAY 10, 2019
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.
Finovate
SEPTEMBER 20, 2024
For instance, when a customer of one bank opens an account with another institution, the new bank gains visibility into the customer’s transaction history and account balances from their original bank, while the new bank is also able to initiate fund transfers or debit transactions from the customer’s account at the original institution.
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