PYMNTS

AUGUST 6, 2020

The company highlighted the friction of the legacy ACH rail that can slow down transaction speeds, noting that its technology adds pre-authorization to ACH debit transactions and enables FIs to predict funds ability using intelligence technology. Tyfone Connects FIs To Payrailz.

FinTech 110

FinTech Payment APIs and Integration ACH Online and Mobile Banking 110

FICO

DECEMBER 20, 2022

5 Ways Digital Payments Will Change FIs and Fraud in 2023. New digital payments channels and methods will grow next year, giving new opportunities for fraudsters and scammers. And the digital payments landscape made a global-scale impact, both positive and negative which FIs now must deal with. FICO Admin.

Digital Payments 52

Digital Payments Scams BNPL ACH 52

PYMNTS

MAY 22, 2020

CO-OP saw credit and debit transaction counts fall precipitously in the early weeks of the pandemic, as low as 30 percent. This is the path we were on — digital transformation. It’s slowly picking up just a little bit,” he said. We’re picking up a little more each day from the previous day.”.

Credit Union 105

Credit Union Remote Deposit Capture Volume Push-to-Card 105

PYMNTS

JUNE 2, 2020

With a nod to how people are paying as they conduct commerce online, Carrera said there has been a bit of a horse race between debit and credit payments. There was at least some surge in transactions when stimulus payments hit.

Digital Payments 53

Digital Payments Online and Mobile Banking Payments Push-to-Card 53

Finovate

SEPTEMBER 20, 2024

For instance, when a customer of one bank opens an account with another institution, the new bank gains visibility into the customer’s transaction history and account balances from their original bank, while the new bank is also able to initiate fund transfers or debit transactions from the customer’s account at the original institution.

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

Fintech Finance

NOVEMBER 21, 2024

By removing these, customers have a reduced risk of falling further behind on payments and more transparency over the fee structure. This led to missed payments and unfair third-party fees piling up for clients.

Payer 98

Payer Payments Debit Transaction Risk 98

PYMNTS

MAY 10, 2019

Among the highest ideals for digital payments – driving innovation in transactions and customer experience – is, of course, the concept of seamlessness. The new rule is part of the overall effort to better meet consumer demands for “fast, frictionless payments,” Barnhardt noted. Quick, Secure Validation.

Nacha Rules 71

Nacha Rules NACHA Rules Account Validation 71

PYMNTS

SEPTEMBER 15, 2020

There will soon be rules in place that govern how merchants and other entities make sure the accounts presented for debit transactions are valid — and in the process, cut down on fraud and chargebacks. There must be assurance, through solutions such as GIACT’s, that the account exists, what its “health” might be (i.e.,

NACHA 69

NACHA Verification Accounts Account Validation 69

PYMNTS

MARCH 12, 2020

The conversation took place against a backdrop where, as reported in the Next-Gen Debit Tracker , non-cash payments have been rising 6 percent a year, and where payroll cards and debit transactions are gaining ground.

Payroll 61

Payroll Issuers Push-to-Card Debit Transaction 61

PYMNTS

JANUARY 19, 2021

Fraudsters have unfortunately also carefully followed this payment trend, with skimming, prepaid card and ATM fraud all seeing upticks recently — especially in regard to debit transactions. To learn more about the pandemic’s impacts on debit-related fraud attempts and how banks can counter them, visit the Tracker’s Deep Dive.

Debit Card 62

Debit Card Online and Mobile Banking Push-to-Card P2P 62

PYMNTS

JANUARY 21, 2021

Ensuring that robust fraud protections are in place to safeguard debit transactions is thus growing increasingly important for businesses, financial institutions (FIs) and issuers. It also analyzes how retailers, debit issuers and other payment players can sharpen the tools they use to keep debit fraud in check.

Debit Card 59

Debit Card Online and Mobile Banking Debit Transaction Issuers 59

Fintech Finance

MAY 10, 2024

Key features of EarnUp’s expanded platform will include: Text to Pay: Boasting 98% open rates and 45% response rates, with text to pay, lenders can offer one-click payment ease, with the option to set up recurring debits.

Debit Card 52

Debit Card Fincen Automation Debit Transaction 52

PYMNTS

JANUARY 26, 2021

Waterhouse said the big evolution for the year ahead will involve taking what are now typically debit transactions like check or automated clearing house (ACH) debit and migrating those to the RTP network combining a Request for Payment (RfP) with a consumer authenticated RTP payment.

Real Time Payments 109

Real Time Payments RTP RFP TCH 109

PYMNTS

APRIL 30, 2020

As had been seen with payments networking peer Mastercard, Visa said that its latest quarter showed greater traction in debit transactions than in credit. The company logged 9 percent growth in debit, as measured in constant currency, versus a 1 percent gain in credit to a respective $1 trillion and $1.1 trillion.

Transactions 89

Transactions Cross-Border Volume Contactless Payments 89

Fintech Finance

MAY 24, 2024

Moneris Solutions Corporation (“Moneris”), a Canadian leader in innovative solutions for mobile, online, and in-store payments, has introduced Tap to Pay on iPhone in the Moneris Go app, enabling businesses of any size to accept digital payments simply and easily.

Debit Transaction 52

Debit Transaction Payments Credit Cards Small Business 52

PYMNTS

NOVEMBER 21, 2016

At present, the ACH same-day conduit exists across credit, but the roadmap less than a year out mandates same-day debit transactions. That bodes well for Sezzle.

ACH 75

ACH Same Day ACH Online and Mobile Banking Payments 75

Clearly Payments

JANUARY 16, 2024

In the world of digital payment processing, merchants encounter a variety of fees that impact their bottom line. Interchange fees are a crucial aspect of this landscape, influencing how much a merchant pays for each transaction. Encouraging customers to use debit cards for transactions can help reduce overall interchange costs.

PCI DSS 105

PCI DSS Debit Card Processors Credit Cards 105

PYMNTS

NOVEMBER 12, 2020

Also pre-pandemic, card-not-present transactions represented 27 percent of all debit transactions and were growing about 10 times faster than card-present transactions, according to the 2020 Debit Issuer Study. Use of debit in eCommerce has accelerated during the pandemic.

Debit Card 64

Debit Card Point-of-Sale (POS) Issuers Federal Reserve 64

PYMNTS

AUGUST 13, 2019

The firm has said the number of transactions made across the platform grew tenfold since January of this year. In that instance, debiting transactions and transferring documents took only seconds to complete. Amazon, Too. We are starting to see the first full production implementations, such as Santander’s One Pay FX.

Blockchain 54

Blockchain Online and Mobile Banking Debit Transaction Reconciliation 54

PYMNTS

JULY 3, 2019

Albert continued, “Expanding our partnership with Adyen and enabling Interac Debit transactions to grow our payment method options for our customers is a natural fit.” ” Interac Corp.

Mobile Payments 55

Mobile Payments On-Demand Debit Transaction Payments 55

PYMNTS

OCTOBER 25, 2017

Those visitors tend to spend $8,000 per trip, which could be a boon to merchants that accept the tourists’ preferred digital payments methods. “As The companies noted projections call for more than 23 million Chinese visitors to the U.S. by 2021, the press release reported.

Chip Cards 40

Chip Cards CHIPS Debit Transaction Debit Card 40

PYMNTS

SEPTEMBER 15, 2017

For this calendar year, Larimer said NACHA is projecting 50 million transactions: “We are pleased with the volume so far … and we are expecting to see more use from same-day debits. Therein lies the lure for faster bill payments, Larimer told Webster. We are excited for this to go live.”.

Same Day ACH 48

Same Day ACH ACH NACHA Debit Transaction 48

PYMNTS

MAY 8, 2020

there have been early signs of recovery in April and May to date, with comparative transactions down in the low double digits, after declining nearly 30 percent in the last week of March. In the U.S.

PayPal 98

PayPal Online and Mobile Banking Volume Point-of-Sale (POS) 98

PYMNTS

OCTOBER 1, 2020

Necessary ingredients of healthy international B2B commerce are dealt with in detail in PYMNTS’ new Merchants Guide To Navigating Global Payments Regulations done in collaboration with Ekata , which surveys the expanding global B2B payments landscape. 9,” according to new Merchants Guide To Navigating Global Payments Regulations.

Online and Mobile Banking 52

Online and Mobile Banking Privacy Regulations B2B 52

EBizCharge

MAY 8, 2024

ACH credit vs. ACH debit ACH transactions come in two main varieties: ACH credit transactions and ACH debit transactions. ACH Credit Transactions: These transactions involve the payer initiating a payment and sending funds to the payee’s account.

ACH 52

ACH Checks Process ACH Network 52

PYMNTS

JULY 3, 2019

Albert continued, “Expanding our partnership with Adyen and enabling Interac Debit transactions to grow our payment method options for our customers is a natural fit.” ” Interac Corp.

Mobile Payments 43

Mobile Payments On-Demand Debit Transaction Payments 43

PYMNTS

MAY 2, 2018

The company, he said, continues to gain traction in each leg of its growth strategy, across account processing, digital, payments and biller solutions. In his own remarks on the call, CFO Robert Hau said that within the payments segments, internal revenue growth was 5 percent, while adjusted revenues gained 7 percent to $770 million.

Zelle 40

Zelle Debit Transaction Continuity Real Time Payments 40

PYMNTS

APRIL 12, 2018

Tomorrow, April 13, signing a receipt at the end of a Mastercard credit or debit transaction at the physical POS will become a relic of payments history. market development EVP Linda Kirkpatrick – shared a coffee shop anecdote about waiting in line behind someone who whipped out her debit card to pay for a $2.30

EMV 51

EMV Visa Issuers Disputes 51

EBizCharge

NOVEMBER 12, 2024

A merchant services provider (MSP) is an intermediary between banks, card networks, and merchants, ensuring smooth and secure transactions between businesses and their customers. MSPs provide payment technology that enables businesses to process digital payments, such as credit, debit, and ACH/eCheck transactions.

Service Provider 52

Service Provider MSPS Payment Gateways Debit Card 52

Stax

SEPTEMBER 17, 2024

ACH is a digital extension of the paper check and is often referred to as auto-pay, direct debit, and direct deposit. ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACH debit transactions). A typical ACH transaction is like a machine with multiple moving cogs.

Wire Transfer 88

Wire Transfer Wires Wire ACH 88

Payment Savvy

JULY 12, 2024

Cons: Limited features compared to dedicated payment processors. Zelle Zelle is a digital payment network that works directly with many major US banks. Integrates with Google services. Easy to set up and use. Not all customers use Google Pay.

Debit Card 52

Debit Card Online and Mobile Banking Zelle Payments 52

PYMNTS

MAY 5, 2017

New solutions like Ingo Money’s Instant Payments platform and NACHA’s Same Day ACH initiative are offering corporations digital alternatives to paper checks for funds disbursement. Push payments in particular deliver instant, safe-to-spend funds directly into a consumer’s account. New Tools on the Block .

Checks 46

Checks Push-to-Card Debit Card Payments 46

Fintech Finance

FEBRUARY 26, 2024

Remarking on these recent findings, Jim McCarthy, Thredd CEO, said, “While there are always a number of factors that can contribute to payment growth trends, the segment-specific improvements underscore the traction of digital payments in both the B2B and B2C space.

Transactions 52

Transactions BNPL B2C FinTech 52

PYMNTS

DECEMBER 13, 2019

Karen Webster was joined this week by Payrix President Bob Butler to offer a post mortem on the big events on the week — and what they mean for What’s Next in Payments and Commerce. When The Debit Rewards Come Mar ching In . Banks, unsurprisingly, who also need to make profits, put the kibosh on debit rewards.

Push-to-Card 52

Push-to-Card PayPal Payments Federal Reserve 52

EBizCharge

JULY 16, 2024

NACHA focuses on fostering efficient payments, including same-day payment capabilities and developing compliance standards for electronic transactions that reduce fraudulent transaction risks. Through a robust risk management framework and stringent security rules, NACHA strengthens trust in the digital payment ecosystem.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

PYMNTS

NOVEMBER 1, 2017

Debit transactions were up mid single digits and P2P transactions were up 20 percent, said CFO Bob Hau. In addition, mobility ASP subscribers were up 20 percent year over year to 6.4 Yabuki also spotlighted Zelle as an important catalyst for the company, noting additional signings from the likes of BMO Harris Bank.

Posting 51

Posting Digital Payments Zelle Adjustments 51

PYMNTS

MAY 1, 2020

“People are afraid to use certain payment instruments,” remarked Jha. The transition to digital payments, long on Mastercard (and other firms’) roadmaps, has been hastened by a public health crisis. Amid job losses and reduced wages, they’re pulling back on credit card spending and embracing debit transactions.

Credit Risk 61

Credit Risk Risk AI Consumer 61