Fintech Finance
MARCH 6, 2025
Australian Payments Plus (AP+) has worked with Google to roll out eftpos functionality and Least Cost Routing (LCR) on transactions made via the mobile Google Wallet, allowing merchants to choose to have more payments routed via the lower cost eftpos network.
Fintech Finance
MARCH 6, 2025
Australian Payments Plus (AP+) has worked with Google to roll out eftpos functionality and Least Cost Routing (LCR) on transactions made via the mobile Google Wallet, allowing merchants to choose to have more payments routed via the lower cost eftpos network.
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The Fintech Times
MARCH 7, 2025
ANZ and Suncorp Bank have become the first two issuers to go live with eftpos multi-network debit cards in the Google Wallet, with other issuers to follow over the course of 2025. The continued rollout of LCR to mobile wallets is a key part of Australian Payments Pluss ongoing efforts to lower the cost of payments.
Payments Source
MARCH 27, 2018
Domestic debit networks' duel-message transaction options have the ability to disrupt the customer experience, add complexity to back offices operations, and impact issuers’ contractual obligations to their global networks, writes Patrick Goodwin, president of SRM.
PYMNTS
NOVEMBER 12, 2019
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. Among the features is real-time scoring. percent in 2017 to 6.7
PYMNTS
OCTOBER 7, 2020
A very important lever is optimizing transaction message data elements, which involves understanding which elements of a payments message work best depending on the customer’s card issuer. Routing a transaction through a different network — for example a PIN-less debit network — can in certain situations lead to a higher approval rate.
The Fintech Times
AUGUST 12, 2024
US consumers are increasingly turning to debit cards for their everyday transactions, driving a significant surge in the number of transactions and overall spending. 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.
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