PYMNTS

FEBRUARY 3, 2020

Consumers are increasingly relying on debit rather than credit cards to make online purchases, with one report noting that one in four debit transactions are now made without cards being physically present. Debit cards will likely remain popular, meaning fraudsters will continue to search for ways to access customers’ details.

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Debit Card Assessments Data Breach Online and Mobile Banking 52

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. FIs are thus rethinking their approaches to online payment security, especially as it relates to debit.

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

Stax

MARCH 14, 2024

Related Post: The True Cost of Debit Card Transactions When purchasing equipment or deciding on how you’ll accept cards, consider adding a PIN pad so customers can enter PINs for debit transactions. Q: What’s the significance of having a PIN pad in the transaction equipment?

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Chip Cards CHIPS EMV Debit Card 88

PYMNTS

SEPTEMBER 26, 2019

That consideration includes assessing the potential benefits and risks that come with the two fundamental types of bank payments: push and pull transactions. This month’s Deep Dive explores how push payments speed transactions, as well as the benefits and potential challenges of their use in real-time payment systems.

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Payer Push-to-Card Real Time Payments Payee 67

EBizCharge

NOVEMBER 12, 2024

Merchant service providers offer various services to facilitate secure and efficient transactions, including payment gateways, virtual terminals, and payment processing hardware. Merchant services are crucial since they consist of software and tools that enable merchants to accept and process payments.

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Service Provider MSPS Payment Gateways Debit Card 52

Nanonets

APRIL 8, 2024

Though usually just called ACH payments or ACH transfers, the term more specifically refers to a national payment network that banks and other institutions rely upon to process payments securely and accurately between parties. If you pay your mortgage via ACH payment, then it’s an ACH debit transaction.

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EBizCharge

JULY 16, 2024

Authorization requirements Before initiating ACH debit transactions, NACHA requires that entities obtain explicit, written authorization from the customer. Authorization documents must be retained and made available upon request, serving as proof of compliance and legitimizing the transaction.

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