Payments News

Accel’s Signature-Debit Service Counts Walmart as a Customer

Feb 05, 2018

The electronic funds transfer networks continue to diversify their services as competition for merchant and issuer business in debit payments intensifies. The latest example comes from processor Fiserv Inc.’s Accel network, which says Walmart Inc. is using its service for signature-based debit card transactions.

Walmart typically prompts customers paying with debit cards to enter their PIN. But if the customer wants to sign for the purchase, the Accel service routes the transaction over its network rather than the Visa Inc. or Mastercard Inc. networks, even though the customer’s card invariably will have one of those two logos on the front.

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