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PULSE Network: Pandemic Creates Tailwinds For Debit Card Spending

PYMNTS

Also pre-pandemic, card-not-present transactions represented 27 percent of all debit transactions and were growing about 10 times faster than card-present transactions, according to the 2020 Debit Issuer Study. Use of debit in eCommerce has accelerated during the pandemic.

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What is an EFT Payment? Everything to Know About This Method of Payment

Stax

EFT payments are transactions between the sender and receiver that transfer funds electronically from the sender’s bank account to the receiver’s. This can include peer-to-peer payments, and business-to-business (B2B) or business-to-customer (B2C) transactions. There are several EFT payment types that we’ll discuss in this post.