Nine Young Bankers Who Changed America: Dee Hock
Hock imagined the Visa network, an entirely new approach to card acceptance and settlement.
Browsing: Debit cards
Study: Small Merchants Value Service, Not Price, on Interchange
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.
A Preference for Plastic
By Monica C. Meinert t’s a fairly well-known fact that consumers in the U.S. are increasingly choosing to make cashless payments. Gallup reports that just under a quarter of people (24 percent) make some or all of their purchases with cash, down from 36 percent five years ago. As noncash payments continue to dominate—totaling almost
ABA Releases New Infographic on EMV Transition
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.
Fed Survey: Noncash Payments Total $178 Trillion
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.
Weekly Infobyte: As Debit Card Fraud Grows, The Kind that PINs Stop Makes Up a Smaller Share
Visa, MasterCard Delay Gas Pump EMV Liability Shift to 2020
Visa and MasterCard yesterday pushed back the date when liability for fraudulent transactions at gas pumps shifts to the party not equipped with EMV chip technology.
Fed: Debit Fraud Costs Jump 44 Percent in Two Years
Debit card-related fraud losses to merchants, cardholders and issuers rose from 2013 by 44 percent, reaching $2.41 billion in 2015, according to the Federal Reserve’s biennial survey of debit card issuers’ costs released today.