PYMNTS

OCTOBER 7, 2020

Routing a transaction through a different network — for example a PIN-less debit network — can in certain situations lead to a higher approval rate. The fifth authorization lever involves authentication in Europe with PSD2 regulations, which require an elevated level of customer authentication.

Transactions 103

Transactions Issuers Card Issuer Authorization 103

PYMNTS

JANUARY 30, 2020

Financial institutions (FIs) cannot simply expect the popularity of debit to persist unaided, however, and must continue to innovate to keep fraud rates at a minimum. Card issuers, networks and retailers all must play a part in defending against such breaches. That delay appears to be intended to drive up the data’s prices.

Debit Card 73

Debit Card Security Fraud Detection Federal Trade Commission 73

PYMNTS

APRIL 1, 2020

This is thanks to a 2010 federal law known as the Durbin Amendment, which requires that merchants be able to select from at least two unaffiliated networks through which they can route their transactions. It also allows them to choose how to direct customers to authenticate payments, such as with or without PINs.

Debit Card 56

Debit Card Electronic Funds Transfer (EFT) Debit Transaction Federal Reserve 56

Stax

MARCH 14, 2024

The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. PIN cards are commonly used in regions where PIN authentication is prevalent, such as Europe and many other parts of the world. If not, the transaction may be declined.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

PYMNTS

JANUARY 11, 2021

Cardtronics’ debit network is highly complementary to NCR’s payments platform, and will enable the combined company to seamlessly connect retail and bank customers while capitalizing on the banking industry’s transition toward infrastructure outsourcing.". NCR made its bid official on Monday morning (Jan.

ATM 57

ATM Debit Network Agreements Bitcoin 57

PYMNTS

NOVEMBER 14, 2019

The Federal Trade Commission (FTC) is talking to large merchants to discover if some retailers are being blocked from routing digital payments over alternative debit networks, sources told Bloomberg. NEW DATA: Banks Fail To Meet Consumer Desire To Drive Mobile Banking Authentication.

Debit Card 40

Debit Card Federal Trade Commission FTC Fed 40

PYMNTS

MARCH 10, 2017

For more than 30 years, INTERAC has been Canada’s debit network facilitating secure financial transactions. But how is the industry supposed to get there? It may require taking a look at a market that truly “gets” faster payments, which can be found by just looking north.

Faster Payments 67

Faster Payments Payments Interoperability Push-to-Card 67