article thumbnail

New Data: Twice As Many Online Shoppers Believe Credit Cards Are More Secure Than Debit Cards

PYMNTS

One of the more notable differences is their tendency to favor credit cards online and other options such as digital wallets over debit cards. PYMNTS’ latest research report, Online Security And The Debit-Credit Divide , a PYMNTS collaboration with Elan based on a survey of 2,466 U.S. The report finds that 45 percent of U.S.

Cards 210
article thumbnail

Main Street SMBs, Digital AP, GoodRx’s IPO Tops This Week’s News

PYMNTS

We have deep dives on the financial health of Main Street small and medium-sized businesses (SMBs), digital accounts payable (AP), and GoodRx ’s initial public offering (IPO). . Mastercard Expands Digital Card Program To Include Instant Access, eWallet . Have A Credit Card In Your Purse? Fun, Cool, and Otherwise Interesting.

Maine 153
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FICO’s Take On Debit Security

PYMNTS

This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Consumers also show continued interest in debit even as they adopt newer payment instruments, and a 2019 report found that 61 percent of mobile wallet users linked debit cards. Card fraud is an ever-present threat.

Security 182
article thumbnail

How Card-On-File Is Changing Online Consumer Shopping

PYMNTS

When it comes to online shopping, one of the greatest frustrations for consumers — and friction points for merchants — is having to manually enter credit or debit card information for each purchase. In the latest Mobile Card Services Playbook , a collaboration with Ondot , PYMNTS surveyed more than 9,500 U.S. It’s no wonder that 78.9

Online 212
article thumbnail

Americans Pull Back On Credit Card Borrowing

PYMNTS

Americans cut their credit card balances in August for the sixth consecutive month, the Federal Reserve System reported Wednesday (Oct. Revolving debt — mainly credit card debt — as reported by the central bank declined by $9.4 Economic forecasters surveyed by Bloomberg had, in the whole, predicted an increase in credit card spending.

Cards 178
article thumbnail

Tourism Data Hack Leads Greek Banks To Cancel Thousands Of Their Cards

PYMNTS

All four of Greece’s main banking institutions enacted security protocols after a data breach, and consequently cancelled 15,000 consumer cards, according to reports. As a result, any banking card used on the travel portal was cancelled, and to be replaced. It is anticipated to be completed at the end of March.

Cards 130
article thumbnail

How Square’s Results Spotlight Main Street SMBs’ Resilience — And (Cash) Challenges

PYMNTS

All eyes may be trained on Wall Street now, and Main Street too as the latest tranche of business lending gets underway. The company also launched a gift card portal in order to help buyers search for and support Square sellers. Card-present volumes were down by 60 percent year over year. Customers stored more than $1.3

Maine 141