Browsing: Debit cards

Cybersecurity

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.

Newsbytes

More than 144 billion noncash payments — those made with debit or credit cards, ACH and checks — were made in the U.S. between 2012 and 2015, totaling nearly $178 trillion, the Federal Reserve reported today in its triennial payments study.

Compliance/Risk

Under the Durbin Amendment, card networks cannot require merchants to allow debit cardholders to choose EMV chip application when one application routes to a single network, according to a Q&A added on Wednesday to the Federal Reserve’s Regulation II frequently asked questions page.

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