Debit Cards

Data breaches are in the news constantly, but they appear to have no long-term effect on consumers’ use of payment methods. Breaches might, however, spur some consumers to switch hospitals, according to researchers. “Payment attitudes and payment behaviors are very, very sticky,” says Claire Greene, a payments analyst at the …

Retailers organized by the National Retail Federation and the Merchants Payments Coalition are scheduled to descend on Washington, D.C., on Wednesday to urge Congress to preserve the Durbin Amendment within the ever-controversial Dodd-Frank Act. One close observer of the political and banking scenes, however, believes the amendment will survive despite …

The seemingly plodding U.S. migration to the EMV chip card standard may not be so plodding after all. Visa Inc., in data released Friday, says consumers made 1 billion Visa chip card transactions in March, a tripling of the 303.3 million in March 2016. The number of transactions has steadily …

Boosted by the addition of two big U.S. credit card programs and its June 2016 acquisition of Visa Europe, just about every operational metric that matters increased by 20% or more for Visa Inc. in the quarter ending March 31. The major exception was U.S. debit, which grew in only …

Electronic-payments industry efforts to promote card use may be paying off. Significantly more consumers are using credit cards for low-value purchases of $5 or less than they did in 2016. A CreditCards.com survey released Monday found that 17% of consumers typically used their credit cards for these in-store transactions compared …

A survey of 500 small merchants that accept debit cards finds that 66% of them are satisfied with the fees they pay, says the Electronic Payments Coalition, a bank and network advocacy organization. Javelin Strategy & Research completed the survey, which the EPC sponsored. The findings are part of the …

Consulting firm The Strawhecker Group is out with its 2016 rankings of U.S. merchant acquirers, and they show that 240 acquirers and independent sales organizations processed more than $5 trillion in payment volume. The 10 biggest acquirers accounted for 80% of that volume. Topping the list is JPMorgan Chase & …

Don’t look now, but decoupled-debit programs may be on the verge of a comeback as merchants look for ways to circumvent payment networks and spur loyalty among consumers. That’s the take from a new report, “Decoupled Debit: The Start of Mainstream Adoption?” issued by Maynard, Mass.-based Mercator Advisory Group Inc. …

The idea of allowing consumers to use PIN debit cards to pay online merchants has been a tough sell in the payments business, but observers hope a deal announced Thursday may give it a much-needed boost. Processing kingpin First Data Corp. said it will acquire Acculynk Inc., a 9-year-old Atlanta-based …

Decoupled debit programs may yet yield rewards for merchants, especially as they look for ways to circumvent payment networks and spur loyalty among consumers. That’s the take from a new report, “Decoupled Debit: The Start of Mainstream Adoption?” issued by Mercator Advisory Group Inc. Decoupled debit is not a new …