Clearly Payments

APRIL 20, 2024

It is structured into multiple sections targeting specific aspects of payment processing and merchant services for debit cards and credit cards. In Canada, the Code of Conduct for the Credit and Debit Card Industry regulates the interactions between credit card networks, banks, and merchants.

Processors

Payments Source

SEPTEMBER 25, 2016

In 2010, lawmakers passed bipartisan reforms to bring transparency and competition to a debit card swipe fee market that had previously been void of both. Now, members of Congress want to undo that progress.

Void

PYMNTS

OCTOBER 24, 2016

payees to transfer their earnings onto an existing Visa debit card. Additionally, Hyperwallet anticipates that payees will be able to transfer global payment disbursements onto Visa debit cards issued outside of the U.S. Visa can also transfer funds to non-Visa branded debit cards. in Q1 2017.

Debit Card

PYMNTS

MARCH 30, 2020

Debit networks need to ensure that customers feel safe using the payment method, and that means imposing robust security measures and quickly cracking down on any instances of fraud that do slip through. The March Next-Gen Debt Tracker ® examines how debit cards are advancing into new areas to serve cryptocurrency holders and even children.

Debit Card

Payments Source

MAY 25, 2017

Known as the Durbin Amendment, the measure was included in the 2010 Dodd-Frank Act to limit how much money banks can charge retailers when consumers use their debit cards. Big-box retailers have beat back banks’ latest attempt to kill a legislative provision that has cost lenders billions of dollars in lost revenue.

Caps

PYMNTS

JULY 9, 2020

Marqeta’s business allows companies to issue credit and debit cards to their staff, and the pandemic has given it a huge boost as people everywhere rely more on online shopping and food delivery, Reuters reported. In May, Marqeta raised $150 million in a private funding round and doubled its value to $4.3

BNPL

PYMNTS

NOVEMBER 12, 2018

That was 2010, at the time.) The news, however, comes as more people in Britain are, for the first time, paying with debit cards over cash. Consumers used their debit cards 13.2 million customers mainly used cash for their daily shopping last year, but nine out of 10 of them did have a debit card.

ATM

PYMNTS

MAY 19, 2020

The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010. I Works asked consumers to provide their credit or debit card information to pay a $1.99 shipping, handling or processing fee.

FTC

PYMNTS

MAY 6, 2019

Clients, in turn, receive debit cards and can move money through mobile check deposit, wire, BillPay and automated clearing house (ACH). The company offers application programming interface (API)-powered banking that was created to automate back-office financial work. that let them deposit cash and checks.

Innovation

Fintech News

MARCH 6, 2024

Minna Bank provides various services such as current and savings accounts, cash withdrawals and deposits via smartphone, a virtual debit card and account-to-account transfer. It also offers various financial services such as debit cards, investment trusts, FX, and neo-bank services.

Online and Mobile Banking

PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible.

Debit Card

Payment Savvy

DECEMBER 23, 2020

Nowadays, consumers are increasingly making purchases using credit and debit cards. Merchant accounts act like intermediaries allowing a business to accept credit and debit cards in-person and remotely. With a merchant account, you can be able to accept credit and debit card payments. Customer Satisfaction.

Accounts

PYMNTS

MAY 25, 2018

At the heart of retailers’ concern is that the move could prohibit them from routing their debit card transactions to lower-cost networks. They also believe that the setup raises concerns about how online transactions are treated under the Durbin amendment, which was part of the 2010 Dodd-Frank Act.

Consumer Financial Protection Bureau (CFPB)

PYMNTS

JULY 27, 2016

According to the FTC, the operators of the illegal credit card scheme made unauthorized charges on the credit cards and debit cards of victims for internet services they didn’t get. The records the government obtained pertaining to the scheme only had credit and debit card numbers, not names. billion.

FTC

PYMNTS

NOVEMBER 23, 2016

Debit option allows for more secure transactions while charging merchants less than the Visa network. The Fed said earlier this month that Visa’s practices transgressed 2010 debit card payments laws, which stated that retailers should be allowed to choose from several networks unaffiliated with Visa to process debits.

Adjustments

PYMNTS

JUNE 16, 2017

The Federal Trade Commission announced Thursday (June 15) that NetSpend, the operator of a debit card, is providing refunds to settle charges that people couldn’t access their money in their NetSpend accounts. The company, which serves those without a bank, specializes in providing prepaid Visa debit cards.

FTC

Electronic Payments Coalition

OCTOBER 30, 2023

MEGA-RETAILERS WIN BUT CONSUMERS PAY THE PRICE In 2010, the Durbin Amendment (Durbin 1.0) imposed government price controls and routing mandates on debit cards. which would enact similar routing mandates on credit cards. In the end, consumers lost big. Keep reading below to learn how Durbin 2.0

Debit Card

CB Insights

JUNE 5, 2018

In this research briefing, we’ll discuss: The current credit and debit card value chain. Who foots the bill for credit card rewards programs. UNDERSTANDING the credit and debit card value chain. Debit cards cost even less to process, and cash costs nothing to process. The road ahead.

Online and Mobile Banking

Payments Source

JANUARY 3, 2017

Since the Dodd-Frank Act was passed in 2010, bank industry representatives have confidently predicted that the next year would bring significant changes, only to see their hopes dashed amid partisan divisions over proposed fixes. Until now.

Debit Card

PYMNTS

MARCH 25, 2020

Henry was the CEO of prepaid debit card firm Netspend from 2008 to 2014. He navigated its initial public offering (IPO) in 2010, and in 2013 he led the company in a $1.4 We could not be more excited to welcome Dan to the Green Dot family.”. billion all-cash sale to TSYS. “I

FinTech

Finovate

FEBRUARY 2, 2024

Account holders will have access to both a digital and a physical debit card that includes a feature that enables them to allocate their savings toward specific goals. Card holders can use their physical card at more than 10,000 Banorte ATMs. Pago was founded in 2010 and made its Finovate debut at FinovateFall 2014.

BNPL

Fintech News

MAY 2, 2024

Founded in 2010 and launched in 2011, the former TransferWise has grown to a team of over 5,000 people representing 125 nationalities across 11 global key locations. The company’s mission-driven approach has resonated with customers, with Wise welcoming 100,000 new users each week and serving 300,000 businesses each quarter.

Cross-Border

Finovate

FEBRUARY 14, 2025

” Credit Sesame was founded in 2010 to show consumers their daily credit score, credit report summary, and credit monitoring alerts. In 2020, the California-based company launched Sesame Cash , digital banking tools, including a pre-paid debit card and credit builder solution.

Consumer

PYMNTS

SEPTEMBER 29, 2020

Transaction accounts — which the Federal Reserve reported include checking, savings, money market, call accounts, and prepaid debit cards — remained the most commonly held type of financial asset in 2019. percent in 2010,” according to the Fed. Debt Burden . percent in 2016 to 4.6

Fed

PYMNTS

MARCH 18, 2019

The accounts come with debit cards, digital payments and free check cashing, but do not allow overdrafts.”. The account that was eliminated was introduced in 2010, when the company was trying to lure customers to online banking. a month and no minimum balance,” according to Reuters.

Consumer

Payment Savvy

JULY 7, 2021

Standard payment options favored by companies include paper checks, ACH payments, and credit and debit card acceptance. Consumers today expect to pay via credit or debit card. Card payments are secure, and the risk of fraud is minimal. Paper Checks. Slow and inefficient is the way of the paper check.

Payment Solutions

Payment Savvy

JUNE 2, 2021

Electronic payments refer to credit and debit card payments that can either be made online or physically at brick-and-mortar stores. Since 2010, high-risk businesses of all sizes have chosen Payment Savvy as their payment partner.

Risk

PYMNTS

JANUARY 14, 2021

What Upgrade is instead offering is a debit product that rewards consumers for everyday spend — actually quite generously — something almost unheard of since the passage of the Durbin Act in 2010, which more or less shuttered the notion of debit rewards.

Mobile Banking

Stax

JUNE 13, 2024

Are you looking to offer cash discounts to customers to incentivize them to use cash instead of credit or debit cards? A cash discount program can help your business reduce expenses on processing fees for card transactions, and there are guidelines you must follow to ensure you are implementing the program the right way.

Credit Cards

Payment Savvy

OCTOBER 6, 2021

Collection agencies should make it as easy as possible for debtors to pay them back, whether by setting up automatic payments from the borrower’s checking account/debit card or offering online bill pay through their website. Convenience is key! Making repayment simple is also critical for the success of a collection agency.

Debit Card

FICO

SEPTEMBER 9, 2021

Courtesy overdraft is a service offered with a deposit account to provide liquidity to a bank customer when their balance has insufficient funds to cover incoming payments from a debit card, ATM, check or an ACH (Automated Clearing House) payment.

Consumer Financial Protection Bureau (CFPB)

PYMNTS

MAY 31, 2019

Those digital transactions, according to the study, fall into two major areas: card-based payments and mobile payments. Card payments still dominate, and debit cards are the dominant form factor by a very considerable margin. And as Swish has grown, the report found, the use of cash has accordingly declined — and sharply.

Digital Payments

Stax

NOVEMBER 20, 2023

TL;DR Founded by American Express in 2010, Small Business Saturday encourages consumers to shop at local small businesses. It was established by American Express in 2010 and gained official recognition from the US Senate the following year. But what exactly is it, what are its benefits, and how can you leverage it to your advantage?

Small Business

Payment Savvy

JUNE 9, 2021

The payment solution allows companies to accept e-payments, such as credit cards, debit cards, or ACH payments, by phone, email, or even snail mail! This payment option is prevalent in industries where a physical card is not typically present to swipe. This is known as Card Not Present ( CNP ) payment processing.

Payment Solutions

Payment Savvy

NOVEMBER 24, 2020

Customers enter their credit card, debit card, checking account details, and payment is processed in real-time. Since 2010, we have been a strong mainstay in the payments space offering competitive rates, unprecedented solutions, and superior customer service.

Innovation

Fintech News

MAY 23, 2024

Personal Banking offers services to individual customers, including savings deposits, personal loans, credit and debit cards, payment and settlement services, wealth management products, and insurance agency services. . #6 Postal Savings Bank of China Founded on March 6, 2007, Postal Savings Bank of China Co.,

Online and Mobile Banking

PYMNTS

MAY 25, 2018

Numerous researchers have shown that consumers do not treat medical debt the same as credit or debit card debt, or other forms of outstanding bills. It’s worth noting that millennials came of age during the 2010 Patient Protection and Affordable Care Act (ACA),” said a report from insideARM, which focuses on the collections industry.

Technology