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AI for Debit Routing: Saving on Debit Transactions

Cardfellow

In fact, there are two areas where it can excel: debit routing and fraud prevention. In this article, well look at the first one – how AI can help save your business money through debit card interchange optimization. You can read more about this in our article on attempts to repeal the Durbin Amendment.

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What is ACH Credit and ACH Debit and How Do They Work?

Stax

ACH credit payments differ from ACH debit payments and both are distinct from credit and debit card payments. In this article, we will explore the differences between each type of payment along with their key features and benefits. What are ACH Debit Payments?

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An Overview of Debit Cards, P2P Payments, and Digital Cash in 2024

Clearly Payments

This article explores the innovations in these areas, along with statistics. Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020.

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Debit Card Surcharging: Is It Legal?

EBizCharge

No, debit card surcharging isn’t legal in the U.S. This article will break it all down, explain where the restrictions come from, and help you make sense of what’s allowed – and what’s not. Debit cards are a different story. And surcharges on debit cards are a no-go across all the major card brands. What is a surcharge?

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Statistics on How Much Merchants Pay for Payment Processing in 2024

Clearly Payments

This article covers current statistics and general information of payment processing across the globe for merchants. Payment Process Fees Differ by Region The global overall average fee for processing credit card transactions in 2024 is approximately 2.4% of the transaction value. In regions like the U.S.,

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Why Mexico’s SMBs Need A FinTech Operating System And Not Another Bank

PYMNTS

Widening Debit’s Acceptance. And there’s a niche for Oyster to fill, with some low-hanging fruit in debit transactions. Simply put, according to Poovala, banks do not view debit cards as part of their core suite of offerings.

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Understanding Interchange Fees: A Canadian Merchant’s Guide

Clearly Payments

Refer to our article here for a full price list of the interchange fees in Canada. Encourage Debit Card Usage: Debit cards generally have lower interchange fees compared to credit cards. Encouraging customers to use debit cards for transactions can help reduce overall interchange costs.

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