Latest Pulse EFT Association News: Finextra Research

US debit chips disappoint; mobiles expected to blossom

America's move to EMV is being hampered by slow merchant adoption, with chip cards accounting for just four per cent of all debit transactions, according to research from the Pulse network.

09 August 2016

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US banks going full-tilt for EMV in wake of Target breach

Spurred on by the fall-out from last year's Target data breach, 86% of US financial institutions plan to begin issuing EMV-based chip cards within the next two years, according to the annual debit issuer report from Pulse.

26 June 2014

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Pulse and Obopay team on real-time payments

US debit/ATM network operator Pulse and mobile money vendor Obopay have teamed up to deliver immediate person-to-person payments for Pulse member banks and credit unions.

23 February 2012

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Americans shun paper for e-payments - survey

Nearly two thirds of all US consumer payments are now made electronically as Americans increasingly turn away from cash and cheques, according to research from BAI and Hitachi Consulting.

06 October 2008

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Link and Pulse networks ink reciprocal ATM agreement

The UK's Link Interchange Network has signed a reciprocal agreement with the Pulse EFT Association that will enable customers of its 38 participating financial institutions to use the 250,000 Pulse cash machines in the US.

24 August 2006

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Discover to acquire Pulse EFT network

Morgan Stanley subsidiary Discover Financial Services is to acquire US electronic funds transfer network Pulse for an aggregate purchase price of $311 million.

15 November 2004

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Pulse beta testing stored value card programme

Three US banks are beta testing a new stored value card programme from the Pulse EFT Association.

04 December 2003

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US consumers use ATM cards for purchases rather than withdrawing cash

US consumers are using ATM and debit cards for purchases more than twice as often as they use them to withdraw money at cash points, according to research commissioned by electronic funds transfer network Pulse.

22 January 2003

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Pulse and MasterCard to launch debit loyalty scheme

US electronic funds transfer network Pulse and card group Mastercard have teamed to develop a loyalty programme that will enable consumers to collect rewards for using their debit cards.

20 August 2002

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US study identifies shifting strategies for ATM deployers

Fifty per cent of US financial institutions want to channel their investment in customer relationship management to deliver more personalised services at the cash machine, according to a survey conducted by Dove Consulting on behalf of EFT networks Star, Pulse, Nyse and Co-op.

05 March 2002

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Brief: Pulse moves to MasterCard Debit network

MasterCard has been selected to provide switching and settlement services to US electronic funds transfer network Pulse.

08 February 2002

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Houston flooding causes Pulse to skip a beat

Electronic funds transfer network Pulse is reporting that ATM services are returning to normal after flooding in its Houston data centre led to blackouts for cash machine users across the US over the weekend.

13 June 2001

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