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To Flip or Not to Flip: Why Are Payment Card Issuers Still Asking This Question?

Gonzobanker

The time has come for some truth on the world of payment card flips. disrupted banks’ income on debit cards. had in 2011, they’re likely to see an 18% to 25% volume shift from signature to PIN card transactions by the end of 2025. And the threat of disruption on credit cards looms large.

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Deep Dive: How Payment Card Networks Win Merchants Over

PYMNTS

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible. shoppers made 72.7

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Honkook Kim and his Gentle Monster Brand is a perfect example. The Banking Innovation Playbook – Step 1: Find a Niche Kim looked at the market and knew he needed traction in at least a single segment where he could create a brand and a following for Gentle Monster. Find the gap in one segment and build success from there.

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Rule On Money Laundering Loophole Due To Prepaid Cards Could Get Resubmitted

PYMNTS

A proposition back in 2011 to close a loophole that enables drug cartels to move large sums of money across boarders using prepaid cards has been delayed but is not dead. The proposed rule called for money stored on prepaid cards to count toward the requirement on the part of the U.S. According to a report by Reuters , the U.S.

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Visa positions itself at the center of a contactless renaissance

Payments Source

most banks and retailers seemed to have given up on contactless cards with the 2011 demise of the much-publicized Chase Blink brand. In the U.S., But the payment format is making a strong comeback in 2018.

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Leave My Interchange Alone!

Gonzobanker

The Fed’s proposed change to the Durbin Amendment could mean big losses in payment card interchange income for financial institutions. It is not surprising that the Fed would want to go after card-not-present (CNP) volume, also known as online/eCommerce transactions (think Amazon). for card present (CP) volume. versus $32.65

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Industry Slant // Bo Berg Talks Giant Schnauzers, DJing, Financial Services

Perficient

I have a lot of experience with core systems, credit cards, and rewards programs. MM: Favorite brands? Also, Prince (yes, I consider it a brand!), Bo near White Mountain Peak in Bishop, California, 2011. At Perficient, I’m a director in the financial service practice. MM: Let’s go back to crypto. Rapid-Fire Questions.

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