Debit cards continue to find favor with consumers for point-of-sale purchases, results of the latest annual payments survey by First Data Corp.'s Star electronic funds transfer network shows. And recent security breaches involving PIN-based debit cards don't yet seem to have dented PIN debit's popularity. According to Star's 2005/2006 Consumer …

Despite the vaunted efficiencies of electronic transactions, at least one regional supermarket chain has found its cost to accept PIN debit transactions is running close to its acceptance costs for paper checks. As a result, says Bryan Croteau, senior business analyst for Hannaford Bros. Co., Portland, Me.,”I don't want to …

Discover Financial Services Inc.'s deal with GE Consumer Finance Inc. and Wal-Mart Stores Inc. will lead to a huge volume boost for Discover and help the Riverwoods, Ill.-based company offer pricing to potential issuing partners that exceeds the interchange income they can get from Visa and MasterCard, an expert observer …

A new national survey of debit card holders indicates a significant portion of consumers would be inclined to punish retailers and banks if they imposed fees or tried to restrict the range of accepted payment products. When asked how they would react if a merchant no longer accepted their debit …

TPI Software LLC, a privately held provider of e-commerce and point-of-sale systems based in Redmond, Wash., has won certification on Paymentech LP's NetConnect platform, a major network supporting online and telephone transactions, as well as transactions at the point of sale, using Internet connections. TPI, which claims to have developed …

Cash back at the point of sale on debit card transactions secured by personal identification numbers is becoming an increasingly popular option as more merchants offer the service and consumers begin using online debit cards more often. Online debit transaction volume is growing at a compounded annual rate of 28%, …

Duane Reade Inc., a chain of 241 drugstores in New York City, will on Monday become the fourth and so far the largest issuer of the Debitman card, a non-bank, national electronic payment system started last year by a group of payments veterans with roots in the retailing business. Duane …

DailyPay Inc., a provider of technology for the fast-growing earned-wage access market, said early Thursday it will add a savings feature to its new DailyPay Visa prepaid card. The goal is to let users put aside earnings as they receive them, the New York City-based company says. The company says …

Gone are the days of online-only shopping sprees. Consumers are flocking back to brick-and-mortar stores for many purchases. But this new breed of omnichannel shopper expects a seamless blend of the digital and physical experience. They’re accustomed to the power of technology – finding product information with a tap, comparing …

Visa Inc. announced early Thursday it will launch account-to-account (A2A) payment capabilities in the United Kingdom in early 2025. The move will allow U.K. consumers paying bills to do so directly from their bank account, as opposed to paying by check, cash, or card. Visa’s plans for the service, called …