Debit card RSS
The Federal Trade Commission (FTC) has initiated a preliminary inquiry on Visa and Mastercard for possibly prohibiting merchants from using other debit networks, Bloomberg Law reports. The regulator is looking... more
The post FTC targets Visa and Mastercard in Debit card transactions enquiry appeared first on Payments Cards & Mobile.
Online research from Equifax, shows that using a debit or credit card with a PIN number is still the preferred method of payment for 42% of people in the UK. Contactless methods followed at 34%, with the vast majority of these respondents (31%) preferring a contactless card to using their phone or wearable technology (3%). [...]
The post Chip and PIN cards remain consumers’ first choice for payments over contactless appeared first on Payments Cards & Mobile.
The number of payment cards globally reached 14 billion in 2016 and is predicted to rise to 17 billion by 2022, driven by further debit card issuance as the banked population increases. In the recently published Global Payment Cards Data and Forecasts to 2022 study, it reveals that the number of payment cards worldwide increased [...]
The post 14 billion cards worldwide with debit card leads the growth appeared first on Payments Cards & Mobile.
Coinbase has announced its intention to roll out its first bitcoin debit card in the US, in an effort to encourage mainstream adoption of the cryptocurrency on the high street. The Shift Card is a Visa debit card that currently allows Coinbase users in twenty-four states in the US to spend bitcoin online and offline at [...]
The Durbin Amendment may not be reducing merchants’ debit card acceptance costs to the degree its supporters had hoped, and it has not encouraged many retailers to pass savings on to consumers, according to a new Economic Quarterly study. Since the Federal Reserve’s enactment of Durbin in 2011, only 8% of the polled merchants said [...]