Overview
Recent payment transaction data for the first half of 2020 tells an interesting story of how consumers are reacting through their choice of payments during the pandemic.
While the number of debit card transactions fell in comparison to last year, the dollar volume rose and there was considerably more e-commerce activity as circumstances forced consumers to set aside their concerns of using debit in card-not-present (CNP) channels. This will have a long term impact on debit use and present a new concern for issuers as fraud inevitably shifts in tandem.
Learn More About This Report & Javelin
Related content
Three Steps to Improve the Bill Pay Function
Biller direct payments are preferred by consumers over payments initiated through bank bill pay platforms. Closing the gap and engaging more customers will require financial instit...
U.S. Real-time Payments: Full Speed Ahead After Year 1 of FedNow
One year after the introduction of the FedNow instant payment service, participation by financial institutions is soaring and transaction volumes and values are up across the faste...
Cultivating Financial Savvy and Customer Loyalty: Debit Products for Kids and Teens
Debit products aimed at kids and teenagers are highly useful financial services: They allow parents to help their kids build strong financial habits and offer a pathway to deeper r...
Make informed decisions in a digital financial world