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Retailers push for faster debit card transaction settlement

December 7, 2018

Customers who pay for purchases with debit cards expect to take their items home instantly, but for the merchants they buy from, obtaining the money exchanged for goods is anything but instant. The payment that has been made by the customer must be settled via interbank transfer for the seller to get paid. Improving that turnaround time for retailers could prove especially beneficial for sales that happen during the weekend.

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