Insights

eCommerce Growth Predictions

May 16, 2021

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…

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COVID-19 Triggers Changes in Payments Habits Amongst over Eight in Ten Consumers

May 3, 2021

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…

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What Are Authorization Rates and Why Are They Important to Merchants?

April 23, 2021

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…

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A Fed Report on Debit Costs Could Fuel a Movement to Reduce a Decade-Old Fee Cap

April 11, 2021

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…

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Why Do Bitcoins Have Value?

March 30, 2021

Currency is usable if it is a store of value, or, put differently, if it can reliably be counted on to maintain its relative value over time and without depreciating. In many societies throughout history, commodities or precious metals were used as methods of payment because they were seen as having a relatively stable value. Rather…

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ETA: Celebrating Women’s History in Payments

March 23, 2021

Women’s History Month celebrates the contributions of women to our culture, history, workplace, and society. This month, we at ETA and in the ETA Network have been reflecting on the increasingly pivotal role women play in supporting the payments ecosystem at all levels and the continued potential for growth in diversity, equality, and inclusion. In honor of…

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ACH Network Sees Record Growth in 2020 to 26.8 Billion Payments

March 19, 2021

The 26.8 billion payments made on the ACH Network in 2020 is an increase of 8.2% over 2019, while the value of those payments, $61.9 trillion, is up 10.8%. A record of more than 2 billion new payments were added in 2020, and the growth rate is the highest since 2007. The 2020 results also mark…

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