- Source: Private label debit
Private label debit refers to a merchant-branded card or mobile payment app that utilizes an automated clearing house (ACH) to directly debit consumer checking accounts. Used in a closed-loop environment, private label debit offers secure transactions through PIN protection or tokenization.
Private label debit programs have become increasingly popular in the United States, totaling roughly $13 billion in payment value. Such programs are offered by well-known brands, including Target, Kroger, and Circle K, as a consumer loyalty strategy.
Companies such as ZipLine, First Data, and BIM Networks implement private label debit programs for such brands.
References
Kata Kunci Pencarian:
- Walmart
- Target Corporation
- Private label debit
- White-label product
- Debit card
- VisionPLUS
- Card Transaction Data
- Decoupled debit card
- Rede S.A.
- Bank
- Google Pay (payment method)
- 1Link