PYMNTS

APRIL 2, 2019

Wells Fargo announced Tuesday (April 2) the launch of contactless consumer credit and debit cards. In a press release , Wells Fargo said the new cards will enable customers to complete transactions quickly and with a single tap at millions of merchants and transit systems that accept contactless payments.

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Debit Card Contactless Payments EMV ATM 83

PYMNTS

APRIL 11, 2019

Coinbase , the cryptocurrency exchange operator, announced Wednesday (April 10) the launch of the Coinbase Card in the U.K., which is a Visa debit card that lets customers in the U.K. Customers are able to use the card in millions of places around the world. In a blog post , Zeeshan Feroz, chief executive of Coinbase U.K.,

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Debit Card Bitcoin Cryptocurrency CHIPS 86

Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions.

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Chip Cards CHIPS EMV Debit Card 88

PYMNTS

SEPTEMBER 4, 2019

Visa announced that since their inception, chip cards have reduced counterfeit fraud by 87 percent. . Chip cards are increasingly becoming the norm as usage and acceptance has continued to grow since the EMV standard was first introduced in 2011,” the company said. Also down were overall card-present fraud rates.

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Chip Cards CHIPS EMV Debit Card 78

PYMNTS

NOVEMBER 14, 2019

antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov. 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.

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Debit Card FTC Visa Federal Trade Commission 70

PYMNTS

OCTOBER 16, 2018

16) that for the first time, contactless payments have become more popular than chip and pin card purchases when paying in-store in the U.K. The Guardian reported that Worldpay said it was the first time it has seen contactless payments surpass chip and pin. Worldpay, the payment technology company, announced Tuesday (Oct.

Contactless Payments 73

Contactless Payments CHIPS Payments Debit Card 73

The Fintech Times

MARCH 19, 2025

There are now 149 million contactless cards in circulation, covering 93 per cent of debit cards and 94 per cent of credit cards. This could boost revenue, especially for businesses that previously had to rely on chip-and-PIN or cash for higher-value transactions. Only 11 per cent chose Chip & PIN.

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Contactless Payments Consumer Security Fraud Prevention 98

Stax

DECEMBER 20, 2023

Debit card transactions generally have lower interchange fees compared to credit card transactions. This is because debit cards are linked directly to the customer’s bank account, and the risk of non-payment or default is lower. For a $100 transaction, a swiped Mastercard debit card will cost you around 27¢.

Credit Cards 167

Credit Cards Debit Card Processors Non-Bank 167

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. get the 86-page fintech report.

Debit Card 71

Debit Card Checks Accounts Venmo 71

Payment Savvy

JULY 3, 2024

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.

Debit Card 52

Debit Card Process PCI DSS Processors 52

Stax

NOVEMBER 14, 2024

Interchange rates vary based on the type of card you are running. The more expensive it is for the credit card company to maintain the card–rewards, cashback, perks–the more expensive the interchange. In other words, debit cards are more economical while business credit cards are typically the most expensive.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

Fintech Finance

JUNE 18, 2024

Within this total: The number of contactless debit card transactions (1.364 billion) was 5.3 The number of contactless credit card transactions (225 million) was 9.3 This means contactless payments accounted for 76 per cent of all debit card transactions and 63 per cent of all credit card transactions made during March 2024.

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Debit Card Credit Cards Contactless Payments CHIPS 98

FICO

MARCH 29, 2017

That means we’ll continue to see compromises - and card fraud - rise. As ATMs aren’t yet required to be chip-card enabled, the EMV adoption that came into force last year isn’t driving fraud down yet. The post Hacked ATMs Lead to 70% Rise in Debit Card Fraud appeared first on FICO. Follow me on Twitter @fraudbird.

ATM 72

ATM Debit Card Compromise Point-of-Sale (POS) 72

Clearly Payments

APRIL 16, 2024

The two countries also have some big differences on how payment processing fees work across debit cards and credit cards. An Overview of Interchange Rates Interchange rates are often referred to as swipe fees or credit card fees. Interchange rates also exist for debit cards in the USA, but not in Canada.

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Debit Card Credit Cards Payments CHIPS 105

PYMNTS

FEBRUARY 3, 2020

Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021.

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Debit Card Assessments Data Breach Online and Mobile Banking 52

PYMNTS

NOVEMBER 22, 2016

21) that its latest chip data update showed 388 million Visa EMV cards in the U.S. Of those, the firm said there are nearly 181 million chip credit cards in the field and 208.3 million chip debit cards. million chip-active locations across the country. Visa said Monday (Nov.

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EMV CHIPS Debit Card NOV 80

Clearly Payments

MARCH 4, 2025

Whether you run a retail store, an e-commerce business, or a service-based company, the costs of accepting credit and debit cards add up quickly. Lowering Cost with EMV Transactions One of the most effective ways to lower payment processing costs is by using EMV chip and PIN transactions. Here’s how they did it.

Small Business 52

Small Business Process EMV Processors 52

PYMNTS

FEBRUARY 13, 2019

Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September of 2015. More than 3.1 More than 3.1

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EMV Chip Cards CHIPS Credit Cards 100

PYMNTS

DECEMBER 9, 2016

No longer are they focusing on credit and debit cards — those brazen attempts have been at least partly blunted by EMV and tokenization initiatives. Now, hackers are increasing efforts to pilfer personally identifiable information (or PII, for short).

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CHIPS MSPS Breach Data Breach 74

Finextra

FEBRUARY 6, 2025

Digital challengers are chipping away at the dominance of high street giants in the UK, with nine per cent of Brits now holding their main debit card with a neobank.

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Debit Card CHIPS 75

Stax

MAY 6, 2025

Essentially, swiping, dipping, and tapping are the three ways that customers can make in-person payments with a credit or debit card. Swiping, of course, is the oldest of the three methods and is used with a card that has a magnetic stripe (or magstripe) on it. That adds an extra layer of security.

Credit Cards 88

Credit Cards Online and Mobile Banking Payment APIs and Integration Credit Card Payment Processing 88

PYMNTS

FEBRUARY 23, 2018

million merchant locations now accept chip cards, covering 59 percent of the merchant population. That latest tally also includes December of last year and represents a jump of 579 percent over the beginning of the migration to EMV chip card adoption in the United States. Debit cards numbered 272.7

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CHIPS Chip Cards EMV Debit Card 46

The Paypers

AUGUST 15, 2017

(The Paypers) The 2017 Debit Issuer Study commission by PULSE has shown a decrease in debit fraud loss after US financial institutions increase issuance of chip debit cards in 2016.

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Debit Card CHIPS Chip Cards Issuers 31

Payments Source

JUNE 27, 2016

Kroger is suing Visa, alleging the network threatened to raise fees and cut off the supermarket chain from accepting its debit cards.

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CHIPS Debit Card Verification Acquirers 65

Stax

MARCH 4, 2025

Heres what companies need to know about credit card integrations and how they can handle payments. TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. Need to integrate payments?

Credit Cards 88

Credit Cards Payment APIs and Integration Payment Gateways Gateways 88

Payments Source

AUGUST 9, 2016

Three quarters of debit cards will have chips by the end of the year, but slow merchant adoption is limiting use, according to Pulse.

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Issuers EMV Debit Card CHIPS 79

Payments Source

SEPTEMBER 13, 2016

New Orleans--As credit and debit card issuers start to see the benefits of EMV-chip card security, prepaid would seem to be the logical next step. But prepaid issuers remain unconvinced of the security benefits of EMV.

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EMV Issuers Chip Cards Security 76

PYMNTS

DECEMBER 23, 2016

Credit and debit card payments are continuing to increase in terms of usage, with the Federal Reserve finding credit and debit card payments accounted for more than two-thirds of all noncash payments in the U.S. Among the key findings of the report was an increase of card payments to 19.9 from 2012 to 2015.

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Debit Card Federal Reserve Chip Cards CHIPS 40

PYMNTS

AUGUST 29, 2018

merchants by 75 percent from September 2015 to March 2018 as more storefronts started accepting chip cards. To that end, Visa said that, as of its latest “Visa Chip Card Update,” as many as 67 percent of storefronts in the United States now accept chip cards. payments in June were on EMV cards.

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Chip Cards CHIPS EMV Debit Card 46

PYMNTS

MARCH 27, 2017

As card swipes turned to chip insertions across the U.S., Recently, to combat long lines and payments fatigue, financial, merchant service and mobile payment company Square rolled out a firmware update to its chip payment terminals. According to data from ABI Research, annual shipments of contactless cards in the U.S.

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CHIPS Chip Cards Push-to-Card Debit Card 41

PYMNTS

NOVEMBER 12, 2020

There’s also the safety of using debit in contactless payments, he said, where issuers had, fortuitously from a timing perspective, accelerated their issuance of contactless cards coming into 2020 and before the age of COVID-19.

Debit Card 64

Debit Card Point-of-Sale (POS) Issuers Federal Reserve 64

PYMNTS

SEPTEMBER 15, 2020

Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.

Debit Card 103

Debit Card FinTech Online and Mobile Banking Account Takeovers 103

Stax

OCTOBER 21, 2024

It splits transactions into three types—non-qualified, mid-qualified, and qualified—depending on the credit card type and payment mode used, and charges a different fee for each tier. Payments made with international cards, business cards, and specific high-benefit rewards cards are classified as non-qualified and have the highest fees.

Credit Cards 88

Credit Cards Process Processors Processing Costs 88

NFCW

JULY 17, 2024

When customers add a Presto card to Wallet, the card information is encrypted and securely stored in the Secure Element, an industry-standard, certified chip designed to store the information safely on the device.

Debit Card 117

Debit Card Encryption CHIPS Security 117

PYMNTS

SEPTEMBER 2, 2016

The movement to EMV and chip cards has been one of safety, but card users themselves have been disgruntled when actually using the cards.

Chip Cards 40

Chip Cards CHIPS EMV Debit Card 40

Stax

MARCH 5, 2025

How Can Internet Card Payment Processing Help My Business? From accepting credit cards and debit cards online to setting up your customized web store, there are various eCommerce solutions that can assist when in-person payments arent an option. But what’s the difference between these two? How do they work together?

Credit Card Payment Processing 88

Credit Card Payment Processing Credit Cards Process Payment Gateways 88

Fintech Finance

JUNE 17, 2024

When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device nor on Apple servers. .” Security and privacy are at the core of Apple Pay.

Cryptocurrency 98

Cryptocurrency Debit Card Encryption CHIPS 98