PYMNTS

DECEMBER 4, 2018

Visa and Mastercard are offering to cut fees that are paid by merchants on tourists’ card payments made in the European Union — an effort that would help end an antitrust investigation in the region. The official fee proposal comes in the wake of a report last month from Reuters that the two companies would propose such a fee cut.

Visa 44

Visa Debit Card Debit Transaction Credit Cards 44

Clearly Payments

AUGUST 14, 2024

North American payment processing fees are the highest in the world due to a combination of factors, including high interchange rates , which can exceed 2% per transaction, and the dominance of major card networks like Visa and Mastercard that control over 80% of the market. Unlike Europe, where interchange fees are capped at 0.3%

Process 104

Process Credit Cards Alternative Payment Methods Debit Card 104

PYMNTS

JANUARY 31, 2017

Shares of global payments processor Mastercard were down roughly 2.8 the company said, total volumes stood at $388 million, up from $378 million a year ago and bifurcated between $199 million in debit transactions and the remainder in credit transactions. percent in midday trading on Tuesday (Jan. Within the U.S.,

Visa 40

Visa Cross-Border Volume Debit Transaction 40

Payment Savvy

JULY 3, 2024

Different Types of Debit Card Transactions There are two main types of debit card transactions: signature debit and PIN debit. Signature debit transactions occur when a customer signs to authorize the payment. Signature debit transactions are commonly used by ecommerce businesses.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

Fintech Finance

DECEMBER 13, 2023

for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for consumer credit transactions (where the transactions are made online[1] at UK businesses) A lasting cap on these interchange fees in the future, once further analysis has been carried out to establish an appropriate level.

Cross-Border 59

Cross-Border Caps Debit Card Visa 59

Clearly Payments

JANUARY 16, 2024

What are Interchange Fees in Canada Interchange fees are charges levied by credit card issuers (such as Visa, Mastercard, and others) to merchants for accepting and processing electronic payments. These fees serve as compensation for the risks and costs associated with facilitating electronic transactions.

PCI DSS 105

PCI DSS Debit Card Processors Credit Cards 105

PYMNTS

SEPTEMBER 15, 2020

Widening Debit’s Acceptance. And there’s a niche for Oyster to fill, with some low-hanging fruit in debit transactions. Simply put, according to Poovala, banks do not view debit cards as part of their core suite of offerings.

Debit Card 103

Debit Card FinTech Online and Mobile Banking Account Takeovers 103

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

PYMNTS

JANUARY 30, 2020

Breaches are not the only reason why card networks come under fire, however, and Mastercard and Visa recently made headlines for alleged misbehavior. Federal Trade Commission (FTC) is investigating whether these companies illegally prevented merchants from routing debit transactions over alternate networks.

Debit Card 73

Debit Card Security Fraud Detection Federal Trade Commission 73

PYMNTS

SEPTEMBER 9, 2020

Look toward the push-to-debit payments capability as an example of how use case identification can support adoption.

Real Time Payments 97

Real Time Payments Faster Payments Use Case Payments 97

Neopay

DECEMBER 18, 2023

for UK-European Economic Area (EEA) consumer debit transactions and 0.3% for consumer credit transactions (where the transactions are made online [1] at UK businesses) A lasting cap on these interchange fees in the future, once further analysis has been carried out to establish an appropriate level. What happens next?

Cross-Border 52

Cross-Border Caps Regulations Visa 52

Clearly Payments

NOVEMBER 17, 2023

Interchange-plus pricing breaks down the cost structure, separating the actual interchange fees established by card networks (Visa, Mastercard, etc.) This model enhances transparency, allowing businesses to see the direct costs associated with different card types and transactions. per transaction.

Credit Cards 52

Credit Cards Process EMV Processors 52

PYMNTS

NOVEMBER 2, 2020

Yes, as global travel fell off a cliff, cross-border transactions suffered for Visa, Mastercard and American Express (down double-digit percentages as a group). Debit spend was up by twice the rate than was seen before the pandemic ( Mastercard’s debit spending in the U.S. That means more ads, to be sure.

Online and Mobile Banking 84

Online and Mobile Banking Cross-Border Visa Volume 84

PYMNTS

APRIL 1, 2020

Merchants had previously come together to file lawsuits , alleging major banks and card networks were acting as monopolies to maintain high charges for debit transactions. Mastercard and Visa handled more than 80 percent of debit transactions in 2009 — the year before the amendment passed.

Debit Card 56

Debit Card Electronic Funds Transfer (EFT) Debit Transaction Federal Reserve 56

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. Mastercard first announced its plan to go sans signature six months ago. Consumers like Karen Webster, who – in a conversation with Mastercard U.S.

EMV 51

EMV Visa Issuers Disputes 51

Stax

JUNE 25, 2024

Opt for a provider that adheres to the PCI DSS (payment standards set by associations like Visa, Mastercard, and American Express) and ideally ensure they offer Level 1 PCI Compliance. Evaluating Costs and Pricing Models In the world of payment processing, there are a few main pricing models used.

Payment Solutions 88

Payment Solutions Payment APIs and Integration ISVS PCI DSS 88

Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. A PIN pad allows customers to enter PINs for debit transactions.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

PYMNTS

FEBRUARY 1, 2019

Cross-border transactions were up 7 percent in the quarter. Mastercard. Debit transactions were up 12.2 percent in the December period, credit transactions up 6.6 Total card growth across the portfolio was four percent to 3.3 billion cards. Gross dollar volume up 14 percent to $1.5 billion.

Volume 46

Volume Cross-Border Debit Transaction Venmo 46

PYMNTS

JULY 22, 2016

The day began with Mastercard announcing an acquisition of epic proportions : VocaLink. Most media passed this off as a way for Mastercard to cozy up to the U.K. Maybe even more boring than usual. Summer doldrums. The next day, July 21, it goes into sizzle overdrive. So far, that’s in Singapore, U.K.

PayPal 41

PayPal ACH Payments Visa 41

PYMNTS

OCTOBER 13, 2016

Vodafone Pay also accepts Visa and Mastercard as funding sources. Finextra reported that Vodafone Pay can be used even if a handset is powered down because the contactless SIM will automatically connect to the contactless terminal to make the transaction.

Mobile Payments 79

Mobile Payments Online and Mobile Banking Payments Digital Currency 79

PYMNTS

FEBRUARY 2, 2018

Similar to its rival Mastercard, Visa announced results for the quarter that ended in December of last year (the company’s fiscal first quarter) that — once tax impacts from recently passed legislation are factored out — topped expectations. do not require a signature anyway, with transactions under certain dollar thresholds.

EMV 40

EMV Volume Cross-Border Debit Transaction 40

Tearsheet

MAY 9, 2024

Factors such as the sense of financial control provided by debit cards, coupled with limited access or approval for credit cards, further solidify Gen Z’s inclination towards debit transactions.

Debit Card 52

Debit Card Credit Cards BNPL Debit Transaction 52

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. Those, at least are the allegations in a new Federal antitrust lawsuit filed last week against Visa and MasterCard.

EMV 40

EMV CHIPS VARS Push-to-Card 40

Payment Savvy

JULY 12, 2024

Each transaction incurs fees the card issuer sets, varying based on the card type and associated risks. Debit cards typically carry lower fees due to lower payment risk, whereas credit cards involve higher fees to offset potential defaults.

Debit Card 52

Debit Card Online and Mobile Banking Zelle Payments 52

Nanonets

MARCH 21, 2023

It is important to note that ACH is a separate network from major credit card systems such as Visa, Mastercard, and American Express. There are two basic types of ACH transfers: ACH credits and ACH debits. Fundamentally, the meaning of both of these terms can refer to the same actual transaction.

ACH 52

ACH RDFI ACH Network ODFI 52

Fintech Finance

FEBRUARY 26, 2024

Last year, at the beginning of what proved to be the Fintech Winter of 2023, January and February transactions took a more significant downturn than usual from December levels. Also of note are the industries that have performed best in January 2024.

Transactions 52

Transactions BNPL B2C FinTech 52

PYMNTS

MARCH 11, 2016

Among the advantages are the ability to offer installments, offering local-based credit cards (that don’t even use the Visa or MasterCard brand), the option to offer better approval ratings locally, avoiding international charges for the consumer, and superior fraud management. IMPORTANCE OF ALTERNATIVE PAYMENTS.

Credit Cards 42

Credit Cards Payments Transactions Visa 42

Stax

JULY 9, 2024

Learn More Debit and credit card transactions Perhaps the most commonly known EFT payment type is credit and debit card transactions. Unless your business is intentionally cash-only, you’ll likely need to accept the major card brands such as Visa and MasterCard to stay in business.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

MAY 22, 2018

Those payments work over the same infrastructure and rails that deliver a debit transaction, but in reverse. billion consumer accounts, and where $15 billion has already been disbursed through Ingo’s partnerships with Visa, Mastercard , American Express , PayPal and others. “We

Push-to-Card 40

Push-to-Card Same Day ACH ACH Payments 40

PYMNTS

JUNE 27, 2016

There is no rational basis for Visa to cut off Kroger’s ability to accept any or all Visa debit cards unless Visa intended to punish Kroger,” the grocery chain said in the lawsuit that was filed in U.S. Kroger operates more than 2,700 stores in 35 states and operates under a number of brands, including Ralph’s, Harris Teeter and Fred Meyer.

EMV 41

EMV Debit Card CHIPS Debit Transaction 41

PYMNTS

MAY 1, 2020

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. There’s also been a marked shift in consumer sentiment about their personal finances.

Credit Risk 61

Credit Risk Risk AI Consumer 61

PYMNTS

DECEMBER 22, 2020

The overall cautiousness and sense of financial prudence, he said, can be seen in the fact that consumers are embracing debit transactions over credit, using cash on hand rather than choosing to build their liabilities on a credit card.

Consumer 123

Consumer Credit Union BNPL Payment APIs and Integration 123

Evolve Payment

APRIL 2, 2025

Since the transactions are misrouted as ATM withdrawals, the card networks (like Visa and Mastercard) collect lower fees than if the transaction was correctly processed. What About Other Workarounds Like PIN Debit & P2P? Why Cashless ATMs Are Dangerous Cashless ATMs can cause issues on multiple levels.

Compliance 52

Compliance ATM ACH Payments 52

PYMNTS

JANUARY 29, 2019

Credit transactions were up 10 percent, and debit transactions were up 12 percent. Mastercard earlier this month trumped that bid, with an offer that was roughly 10 percent higher than Visa’s, and was ultimately embraced by Earthport. trillion, with 11 percent growth in the quarter that ended in September.

Volume 46

Volume B2B Cross-Border Credit Union 46