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Deep Dive: Why ML Plays A Key Role In Debit Issuers' Fraud-Fighting Strategies

PYMNTS

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Being too permissive without adequately scrutinizing transactions enables more fraudsters to make off with funds. Security challenges are mounting, too. The Face of Fraud.

Issuers 109
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Fed proposes reduction in debit fee cap

Payments Dive

The Federal Reserve Board proposed a rule change that would slash the amount card issuers can charge merchants for processing a debit transaction. The proposal also calls for periodic updates to the fee cap in the future.

Caps 109
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Debit Surge Has Ripple Effects On Networks And Issuers

PYMNTS

Mastercard , for its part, said that its own gross dollar volumes were up 1 percent in the quarter, with gross dollar debit spending up 8.5 Both firms’ management stated during their respective earnings calls that debit spending remained healthy subsequent to the end of the quarter. The issuers, too, have seen surges in debit spending.

Issuers 82
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AI for Debit Routing: Saving on Debit Transactions

Cardfellow

Signature Debit Costs Maximizing Your Savings with AI Debit Routing One Caveat to Debit Routing Savings Debit Routing Background In order to cover the possible benefits of AI for debit routing, its important to have a solid understanding of what debit routing is and how it happens now.

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Frustrated Merchants Seek Federal Intervention on Debit Routing

Payments Source

Citing a growing frustration with how the EMV transition has interfered with merchants' options for PIN debit transaction routing and authorization, the Merchant Advisory Group for the first time is asking federal auditors to examine the practices of some debit card issuers.

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US Debit Card Usage Soars as Consumers Embrace Convenient Payments

The Fintech Times

US consumers are increasingly turning to debit cards for their everyday transactions, driving a significant surge in the number of transactions and overall spending. Card-not-present (CNP) transactions, which include online and digital purchases, also saw significant growth. per cent year-over-year increase.

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PULSE: Why Debit And Payroll Cards Are An Employer’s Strategic Advantage

PYMNTS

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