Clearly Payments

NOVEMBER 17, 2023

Accept Debit Transactions, But Not Visa Debit Businesses can promote the usage of debit transactions as a means of reducing overall costs. Debit transactions, often characterized by lower processing fees compared to credit card transactions, offer a cost-efficient alternative for businesses.

Credit Cards

The Paypers

MAY 19, 2016

(The Paypers) An average of only 20% of credit card transactions and 10% of debit transactions are chip-on-chip and CNP fraud is expected to rise with the use of EMV, a recent report unveils.

CHIPS

PYMNTS

FEBRUARY 3, 2020

Consumers are increasingly relying on debit rather than credit cards to make online purchases, with one report noting that one in four debit transactions are now made without cards being physically present. Fraud And The Problem Of Convenience. Consumers — especially those in the U.S. —

Debit Card

PYMNTS

OCTOBER 25, 2017

to pay with their UnionPay chip, credit and debit cards at First Data merchant clients. As part of the deal, UnionPay debit transactions will be routed through First Data’s least cost debit routing technology, which allows merchants to reduce their overall cost of payment acceptance, the press release reported. . “We

Chip Cards

PYMNTS

FEBRUARY 23, 2016

retailers are able to process chip-card transactions. According to a survey by the same research group — taken shortly before the liability shift went into effect in the fall — only 27 percent were going to be ready to go with chip card processing as of Oct. The wide expectation is that EMV transactions in the U.S.

EMV

PYMNTS

JANUARY 19, 2021

Fraudsters have unfortunately also carefully followed this payment trend, with skimming, prepaid card and ATM fraud all seeing upticks recently — especially in regard to debit transactions. To learn more about the pandemic’s impacts on debit-related fraud attempts and how banks can counter them, visit the Tracker’s Deep Dive.

Debit Card

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. Use of debit in eCommerce has accelerated during the pandemic.

Debit Card

PYMNTS

OCTOBER 13, 2016

While mint chocolate chip ice-cream might be the way to a foodie’s heart, MintChip digital currency is not the way to a millennial’s mobile wallet, apparently — at least not in Liberty Village, Toronto. million passengers a day in the year that ended in March, and Apple has invested in special chips for its iPhones to support the service.

Mobile Payments

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. the verification method after dipping the chip is still a signature – as opposed to a PIN.

EMV

PYMNTS

MAY 16, 2016

But things heated up last week when Walmart sued Visa over EMV and chips without PINs. At issue is the fact that Visa currently prohibits Walmart from insisting its customers use a PIN when paying with a chip-embedded card. Signature transactions, on average, cost $0.05 Visa has not provided public comment on the matter.

Central Bank

Payment Savvy

JULY 12, 2024

Traditional processors take a cut of each transaction and tack on extra fees, which can really chip away at your profits. Why Free Payment Processing? Payment processing fees can pile up fast, especially for small businesses.

Debit Card

PYMNTS

JUNE 27, 2016

There is no rational basis for Visa to cut off Kroger’s ability to accept any or all Visa debit cards unless Visa intended to punish Kroger,” the grocery chain said in the lawsuit that was filed in U.S. If this sounds a bit familiar, that’s because it is.

EMV

Clearly Payments

FEBRUARY 13, 2025

Spending Trends: The average debit card holder makes 35 transactions per month, spending about $1,600 monthly. Security Concerns: Fraud rates for debit cards have decreased by 18% in the past five years due to improved security measures like chip technology and real-time transaction alerts.

Debit Card