First Data Pushes Internet PIN Debit

Hernandez, Will
March 2011
Bank Technology News;Mar2011, Vol. 24 Issue 3, p23
Trade Publication
The article discusses the decision of First Data Corp. to support the PaySecure Internet Personal Identification Number (PIN)-debit payment system of Acculynk Inc. It mentions that the merchant processing customers system of First Data will help in activating the PaySecure option which would allow customers to use their PIN codes in purchasing debit. Patricia Hewitt of Mercator Advisory Group Inc. states that PaySecure is low-risk due to the engagement of PIN and a low cost form of payment.


Related Articles

  • CONTACTLESS COULD THREATEN PIN DEBIT GROWTH.  // CardLine;2006, Vol. 6 Issue 31, p26 

    The article discusses the threat posed by contactless credit and debit cards for PIN-debit networks. According to a Mercator Advisory Group Inc. report on the future of electronic funds transfer networks, PIN-debit transaction volume grew more in the 2005 compared to 2004. However, such growth...

  • Economy Keeps Debit Cards That Pay Jobless Benefits Working. Lowe, Frederick H. // ATM & Debit News;7/9/2009, Vol. 10 Issue 32, p3 

    The article reports on the study by Mercator Advisory Group showing that recession keeps debit cards that pay jobless benefits in the U.S. According to the study, the issuance of branded prepaid unemployment cards is one of the prepaid segments that is growing despite the nation's down economy....

  • Competing Agendas Are Key To Pushing Pin Or Signature. Boyer, Meghan // ATM & Debit News;5/22/2008, Vol. 9 Issue 28, p1 

    The article discusses the technology preferences of merchants, consumers, issuers and card brands on the payment industry in the U.S. It cites several arguments on the use of personal identification number (PIN)-based debit card and signature debit in transactions. Moreover, it quotes Mercator...

  • Issuers' Corporate Credit 'Blind Spots'  // American Banker;12/4/2008, Vol. 173 Issue 233, p13 

    This article reports that Patricia Hewitt, a senior analyst with the consumer payments research company the Mercator Advisory Group, has stated that credit card issuers are often blind to the risks associated with loans offered to their corporate customers. She states the companies do not always...

  • It's PIN Debit Man. Green, Jeffrey // Cards & Payments;Dec2005, Vol. 18 Issue 9, p6 

    The article reflects on the projected growth of Personal Identification Number (PIN) debit. The author is of the view that because of the higher interchange income generated by the signature debit, issuers traditionally have supported it. But the gap has narrowed down by the higher interest...

  • DEBIT CARD PURCHASES STILL INCREASING, STUDY FINDS.  // CardLine;6/13/2008, Vol. 8 Issue 24, p3 

    The article focuses on a study by First Data Corp. regarding the growing sales of debit cards. 74 percent of 2007 study respondents had used their debit card at the point of sale in the previous 30 days, an increase from 70 percent of respondents in 2006 and 62 percent in 2005, according to the...

  • Exclusivity Seen as Trend For PIN-Debit Processing. Lowe, Frederick H. // American Banker;5/8/2007, Vol. 172 Issue 88, p7 

    The article discusses agreements surrounding the use of personal identification number (PIN)-debit network processors. According to the author, BancorpSouth Inc. agreed to use Discover Financial Services LLC's Pulse EFT Network exclusively, as its PIN-debit network processor. The author notes...

  • PIN Debit Leads Holiday Sales Up. Wolfe, Daniel // American Banker;12/4/2009, Vol. 174 Issue F316, p6 

    The article reports that Personal Identification Number (PIN) debit card transactions grew more than credit card and signature debit cards combined on November 27, 2009, also known as Black Friday. According to the article, the SpendTrend report for same-store sales published by First Data...

  • Online Debit Use Could Get Lift from First Data. Hernandez, Will // American Banker;2/15/2011, Vol. 176 Issue 25, p6 

    The article reports that First Data Corp. had decided to support Acculynk Inc.'s PaySecure internet payment system, which uses a debit card and PIN (personal identification number) method. This was expected to promote the use of debit payments online, which could be helpful to issuers facing...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics