Insights

What a difference a year makes.  Growth predictions between 2021 and 2022 grew significantly.  Very few people think eCommerce sales as a percentage of retail will be less than 20% by 2022.  Compare those predictions with last year’s results for 2021 where people roughly 70% of respondents felt the number would land between 10% and…

May 5th, 2021. Houston, Texas – More than eight in ten (86%) of U.S., Canadian and European consumers say that their payments habits have changed since the start of the pandemic, with 59% trying a new payment method for the first time, rising to 77% in the 18- to 24-year-old age group. That’s according to new…

Every time a customer swipes, inserts, or taps their debit or credit card, it requires authorization. A successful authorization implies that a bank account or line of credit has sufficient attainable value that can be set aside for purchase until it is fully processed and the transaction is complete. If there are not enough funds…

The Fed set the debit cap at 21 cents, with an additional penny allowed for fraud-prevention costs and 0.05% for recovery of fraud losses. The ceiling, which applies to financial institutions with $10 billion or more in assets—the so-called “covered” issuers—came in response to the Durbin Amendment to the Dodd-Frank Act of 2010. Friday’s Fed report indicates…