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US Debit Card Usage Soars as Consumers Embrace Convenient Payments

The Fintech Times

The 2024 PULSE Debit Issuer Study reveals that in 2023, the total number of debit cards, transactions and annual spending per active card all saw substantial increases. On average, active debit cardholders completed 34.6 transactions per month, including 30.7 ATM transactions.

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FICO’s Take On Debit Security

PYMNTS

This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Consumers also show continued interest in debit even as they adopt newer payment instruments, and a 2019 report found that 61 percent of mobile wallet users linked debit cards. The solution is.

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Deep Dive: How Payment Card Networks Win Merchants Over

PYMNTS

Such concerns drove the federal government to pass the Durbin Amendment as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, but this was not the first attempt to improve the debit card situation. Mastercard and Visa handled more than 80 percent of debit transactions in 2009 — the year before the amendment passed.

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EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

Stax

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. A PIN pad allows customers to enter PINs for debit transactions.

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Delivering Instant, Guaranteed Funds to Consumers

PYMNTS

DE: The idea of fast funds continues to consume an outsized proportion of the industry’s headspace. Using a push payments gateway with total ubiquity across networks, a company can give their customers unrestricted choice of destination accounts for their funds — card accounts, PayPal, Amazon, bank accounts and more.