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AI for Debit Routing: Saving on Debit Transactions

Cardfellow

In this article, well look at the first one – how AI can help save your business money through debit card interchange optimization. Debit Routing Background The Durbin Amendment and PIN Debit Routing Choosing Debit Networks AI for Debit Routing Which processors offer AI debit routing optimization?

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US Debit Card Usage Soars as Consumers Embrace Convenient Payments

The Fintech Times

US consumers are increasingly turning to debit cards for their everyday transactions, driving a significant surge in the number of transactions and overall spending. Card-not-present (CNP) transactions, which include online and digital purchases, also saw significant growth. per cent year-over-year increase.

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PULSE Taps FICO For Fraud Detection Across Its Debit Network

PYMNTS

PULSE , the debit/ATM network that operates as a Discover Financial Services company, said in a press release that it has adopted the FICO Falcon Platform to bring new fraud detection services to its network of more than 4,100 debit issuers. billion transactions. Among the features is real-time scoring.

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Deep Dive: How Payment Card Networks Win Merchants Over

PYMNTS

Major worldwide credit card networks turned their attention to the debit market in the 2000s, however, and acquired PIN networks to gain footholds in the growing space. These larger operators sometimes made deals with card issuers, under which the latter would agree to only route payments over the former’s networks.

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FICO’s Take On Debit Security

PYMNTS

The data of 4 million breached debit and credit cards was even posted for sale in late 2019, stolen from four restaurant chains between April and September 2019, and recently made available for purchase on Joker’s Stash, an online black market. Card issuers, networks and retailers all must play a part in defending against such breaches.

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

Stax

The signature is compared with the one on the back of the card or with the signature stored in the card issuer’s system. If the signatures matches, the transaction is typically approved. In some cases, it’s less expensive for a merchant to accept PIN debit cards than signature debit cards.