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Daily news, Debit card, debit card fees, Debit fees, Interchage fees, Issuing & Acquiring, NYCE, POS Terminals, PULSE, Regulation, Star, Visa and MasterCard -

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

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Chip & PIN, Contactless, contactless card, contactless payment limit, credit card, Daily News, Debit card, HCE, Host Card Emulation, Issuing & Acquiring -

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%). [...]

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Daily News, Debit card, debit card issuance, Issuing & Acquiring, payment cards -

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 [...]

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Bitcoin, bitcoin debit card, Coinbase, cryptocurrency, Daily News, Debit card, Issuing & Acquiring -

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 [...]

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Daily News, Debit card, debit card acceptance, debit card acceptance cost, Durbin Amendment, Durbin effect, Issuing & Acquiring, Regulation -

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 [...]

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