PYMNTS
OCTOBER 19, 2017
announced news of a partnership with domestic Australian debit network eftpos. The collaboration will allow eftpos to support Apple Pay through its issued debit cards. On Tuesday (Oct. 17), Rambus, Inc.
PYMNTS
FEBRUARY 25, 2020
Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools. The service operates on the Interac debit network, and enables businesses to automate the process of sending multiple requests for payment — a traditionally arduous and manual accounts receivable process.
PYMNTS
APRIL 1, 2020
POS systems that accept PIN-authenticated payments transmit card details to debit network operators that then assess transactions’ associated fraud risks. Consumers’ funds are then sent to PIN debit network operators, which extract interchange fees and pass the rest to merchants’ banks.
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