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How are Interchange Fees Calculated?

Stax

Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why. In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. This is a win-win situation for issuing banks and credit card payment networks.

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What Is Debit Card Processing & How Does It Work?

Payment Savvy

Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Every merchant should prioritize taking the time to understand debit card processing to streamline operations and enhance customer satisfaction.

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Identifying What’s Next In Digital Identity

PYMNTS

If you’re playing the slots in Vegas this week, there’s a good chance they’re coming up: Biometrics; EMV chip cards; Mobile security. He said that biometrics could have the potential to remove the need for usernames and passwords, much the way EMV is intended to eliminate the need for cardholders to enter debit card PINs.

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Capital One and US Bank Card Mailers Tout EMV Chip

Fintech Labs Insights

Website visitors receive thorough explanations, how-to graphics, and a short video showing how to insert a chip card in a reader. And the bank’s explanation of the new technology was a little verbose. Enhanced security with chip technology. Your new card now features greater fraud protection – built right in.

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Square Heads To The UK, Wells Fargo Hearts NFC And Ant Financial Finds Some Fighting Words

PYMNTS

The industry average to process chip cards is 11 seconds, and we got ours down to 3.6 Apple Pay will be supported at FamilyMarts throughout Taiwan, though only for users of Taishin International Bank cards. To access the service, customers need to grab a one-use-only eight-digit code from the bank’s phone app.