Cash, debit cards and prepaid cards all increased their share of payment instruments that households use in a typical month, according to results from the Federal Reserve Bank of Boston’s 2015 Survey of Consumer Payment Choice released today.
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Efforts by financial institutions to secure card payments and prevent fraud appear to be paying off, according to a recent survey commissioned by Transaction Network Services.
Consumer noncash payments have increased significantly between 2000 and 2015, according to new data from the Federal Reserve today.
Hock imagined the Visa network, an entirely new approach to card acceptance and settlement.
Small merchants place a higher value on the services they get when accessing the payments system than on paying a low interchange rate, according to a recent survey.
To help bankers educate lawmakers, customers and the public about the growing security benefits of the switch to EMV chip technology in cards, ABA is today releasing a new infographic showing that consumers are “unquestionably safer” than before EMV’s widespread adoption.