article thumbnail

Justice Department Accuses Visa of Hindering Innovation by Monopolising Debit Network Markets

The Fintech Times

Visa has been accused of maintaining a monopoly over debit network markets in violation of Sections 1 and 2 of the Sherman Act. In 2020, the Justice Department filed a civil antitrust lawsuit to stop Visa from acquiring Plaid , a technology company that powers fintech apps developing disruptive options for online debit payments.

article thumbnail

Should Your Business Go Cashless?

Cardfellow

There’s good news though — customers often buy more when using a card and businesses with higher transaction volume may be able to get better pricing. Even if you’re a smaller business with low volume, you can get competitive pricing for accepting credit cards.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Big List of Payment Gateways

Clearly Payments

GoCardless: Global bank debit network for recurring payments (International). Consider your business needs, target audience, and transaction volume when selecting the gateway that aligns best with your objectives. This includes accommodating increased transaction volumes and expanding product offerings.

article thumbnail

GoCardless Raises $75M In Funding For Organic Growth

PYMNTS

The funding will go to drive organic growth around the globe, build new teams in offices in EMEA, APAC and North America and provide access to businesses around the world with one unified global bank debit network for accepting subscriptions, installment and invoice payments. The way businesses collect recurring payments is broken.

article thumbnail

JPMorgan: Using Transaction Data To Help Merchants Optimize Cash Flow

PYMNTS

As merchants accelerate their digitization roadmaps, the volume of data they’re able to work with increases. Routing a transaction through a different network — for example a PIN-less debit network — can in certain situations lead to a higher approval rate. Morgan Wholesale Payments, told PYMNTs.

article thumbnail

PULSE uses BHMI's Concourse to support transaction volumes

The Paypers

BHMI has announced that PULSE , the nation’s debit network, is now using Concourse – Extended Settlement for its principle settlement of transactions.

article thumbnail

How Much Are Debit Card Processing Fees

Payment Savvy

Since PIN debit transactions are processed directly through debit networks (Interlink or Maestro, for example), they generally incur lower fees compared to signature debit transactions. The average fee per debit card transaction is approximately $0.44, according to the Federal Reserve.