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Next-Gen Debit Still Ahead Of Its Time

PYMNTS

Debit has never been more popular, given today’s abundance of credit-averse millennial and Gen Y consumers. The Original Faster Payments Networks”. That socioeconomic trauma lives on in collective memory, and while card usage has been rising steadily for the past few years, debit is bigger than ever with card-using consumers.

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A Big List of Payment Gateways

Clearly Payments

Afterpay: Enables customers to make purchases and pay in installments (International, originating in Australia). GoCardless: Global bank debit network for recurring payments (International). Adyen: Single platform for accepting payments globally (International). Alipay: Third-party mobile and online payment platform (China).

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

Stax

When running the debit card “as credit,” the transaction will be charged according to the debit rates noted in Visa and Mastercard’s interchange tables , not according to the debit network fee schedules. In some cases, it’s less expensive for a merchant to accept PIN debit cards than signature debit cards.

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Delivering Instant, Guaranteed Funds to Consumers

PYMNTS

PYMNTS: So, who will serve these payment originators and recipients? DE: Today, the push payments space is roughly divided into two categories of companies: a gateway that can push into the network or an acquirer that sits on top of the gateway. Behind the scenes, the network has encountered an error and cannot reach the card.