Finextra

JULY 13, 2025

Launched in 2015 as a scrappy startup, Monzo set out to “build a current account that lives on your smartphone and gives you control of your money”. Early on, Monzo launched Alpha and Beta prepaid debit cards to test the waters, rapidly gaining a waitlist of enthusiastic early adopters.

Payment APIs and Integration

PYMNTS

MAY 8, 2020

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. Samsung introduced its payments tool in 2015 with MST (Magnetic Secure Transmission) technology as well as Near Field Communication (NFC), a newer technology.

Debit Card

PYMNTS

SEPTEMBER 8, 2017

A new study has found that the number of payment cards issued globally reached 14 billion last year and is predicted to rise to 17 billion by 2022, boosted by an increase in overall debit card issuance. For many, a debit card will normally be the first card they receive when they enter the banking system.

Debit Card

TechCrunch Fintech

MARCH 5, 2024

Founded in 2015, Monzo provides UK current accounts, debit cards and several financial […] © 2024 TechCrunch. London-based fintech company Monzo raised a late stage funding round of $430 million (£340 million), confirming a report from the Financial Times from a few weeks ago. All rights reserved. For personal use only.

Debit Card

FICO

MARCH 29, 2017

The number of hacked card readers at U.S. This new data follows a 546 percent increase in compromised ATMs from 2014 to 2015. The rest took place at bank ATMs or point-of-sale (POS) devices, such as card payment machines at retailers. The average number of cards affected by a single compromise was cut in half.

ATM

PYMNTS

SEPTEMBER 15, 2020

SBM Bank India , the Mumbai-based lender, and Mastercard have introduced a premium debit card for high-net-worth customers.

Debit Card

PYMNTS

DECEMBER 23, 2016

Credit and debit card payments are continuing to increase in terms of usage, with the Federal Reserve finding credit and debit card payments accounted for more than two-thirds of all noncash payments in the U.S. from 2012 to 2015. percent by value from 2012 to 2015. billion in 2015 with a value of $2.56

Debit Card

PYMNTS

JULY 24, 2020

Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. with an app and debit card, expanded into cryptocurrency trading with Paxos Trust Co., It boasts more than 12 million customers. the New York-based settlement platform.

Debit Card

PYMNTS

JANUARY 26, 2017

The IRS has been using a John Doe summons to get access to taxpayers’ bitcoin information and is now using the same tactic to get debit card information. that received a Sovereign Gold Card debit card from 2005 to 2016. The IRS is looking for the records of people in the U.S. The report noted taxpayers in the U.S.

IRS

PYMNTS

DECEMBER 10, 2019

Since the initial product launch in 2015, N26 has reached more than 3.5 N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. N26 was founded in 2013 by Valentin Stalf and Maximilian Tayenthal. million customers in 25 markets in Europe. N26 started rolling out in the U.S.

Debit Card

PYMNTS

FEBRUARY 13, 2019

Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September of 2015. More than 3.1 More than 3.1

EMV

Fintech News

FEBRUARY 25, 2024

Hugosave’s Shariah-compliant products include savings accounts protected by a local bank, a Visa Platinum Debit Card without annual fees or minimum income requirements, and “Money Pots” for goal-oriented saving and investing. The growth of Islamic financial assets, which expanded from US$2.17

Compliance

Fintech Finance

SEPTEMBER 12, 2024

Network International (Network) , the leading enabler of digital commerce across Africa and the Middle East, has announced that Zambian fintech and neobank, Lupiya , has appointed Network as their digital payments technology partner to launch a new debit card. in 2015 to 69.4% But a third of the population remains excluded.

Product

PYMNTS

SEPTEMBER 9, 2016

The report noted that around 200,000 workers in the state get paid via debit cards, which has raised the ire of activists for years that have complained about concealed costs, high fees and other abuses. In 2015, the New York Attorney General said in a report that workers, on average, pay fees of as much as $20 a month.

Debit Card

PYMNTS

OCTOBER 17, 2018

between 2012 and 2015, surpassing growth in noncash payments, the Federal Reserve found. billion in 2015 from $6.1 The Federal Reserve said in a press release that the fraud data was collected as part of surveys of depository institutions in 2012 and 2015 and payment card networks in 2015 and 2016. billion in 2012.

Federal Reserve

PYMNTS

AUGUST 11, 2020

Founded in 2015, Revolut began by offering prepaid debit cards that allowed users to avoid foreign exchange fees while traveling abroad. The startup offers its digital banking features with a debit card that users can attach to their accounts and cellphones. The FinTech has since expanded to offer business banking.

FinTech

PYMNTS

DECEMBER 19, 2019

With the ongoing decline of checks, the growth of payments by debit and credit cards continued to speed up from 2015 to 2018, per Federal Reserve U.S. percent per year between 2015 and 2018. Total card payments increased to 131.2 trillion since 2015. Card payments climbed at the faster rate of 8.6

Federal Reserve

PYMNTS

NOVEMBER 2, 2016

For banks and retailers, there is a fine line between making people’s use of credit and debit cards as painless as possible and protecting individuals’ financial details from swindlers. Contactless credit cards have seen a slow rate of adoption in the U.S., That is up from 25 million units in 2015.

Contactless Payments

Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. Can I Run an EMV Debit Card “as credit”?

Chip Cards

PYMNTS

SEPTEMBER 4, 2019

merchants dropped too, from the period of September 2015 to March 2019. Also down were overall card-present fraud rates. Chip cards are now accepted at more than 3.7 million merchants, whereas in September of 2015 that number was only 392,000. payment volume in June was done on EMV cards. .

Chip Cards

Payments Source

FEBRUARY 1, 2017

The Consumer Financial Protection Bureau on Wednesday ordered Mastercard and the prepaid debit card company UniRush to pay $13 million in restitution and fines for a service breakdown in October 2015 that left thousands of customers without access to their accounts.

Visa

PYMNTS

OCTOBER 7, 2016

By fully activating services at OXXO, Western Union’s retail Agent network has nearly doubled to more than 26,600 locations, from approximately 13,500 at close of 2015. “We Larger payouts are credited into debit cards of major banking providers, as well as OXXO’s Saldazo debit card.

Debit Card

PYMNTS

DECEMBER 21, 2018

That card payment data, according to the Fed, includes credit cards, debit cards and prepaid debit cards. Within that mix, prepaid debit cards were up 10.5 percent, and debit cards that were not prepaid grew by 10.4 Within that mix, prepaid debit cards were up 10.5

Fed

The Paypers

FEBRUARY 6, 2017

(The Paypers) Mastercard and UniRush , the company that sells RushCard-brand prepaid debit cards, has to pay USD 13 million in fines and customer restitution over a 2015 RushCard outage.

Visa

PYMNTS

AUGUST 22, 2019

Once it is downloaded, people can apply for an account and a Visa debit card. We give users a banking app and Visa debit card that matches their lifestyles,” says Nicolas Kopp, US CEO, N26 Inc. The N26 product was launched in 2015 and has reached upwards of 3.5

Debit Card

PYMNTS

MAY 5, 2020

Although the startup lost revenue due to decreased card usage worldwide amid COVID-19, it’s still in a solid position. . Founded in 2015, Revolut began with a prepaid debit card that enables people to sidestep foreign exchange fees while traveling abroad.

FinTech

PYMNTS

MARCH 12, 2019

In an interview with Karen Webster conducted in tandem with the launch, Ready explained that the Tuesday news comes after PayPal’s success with its Instant Transfer to debit card, which debuted last year and where balances in PayPal accounts can be transferred to debit cards instantly. Australia, Italy and Spain.

Debit Card

PYMNTS

AUGUST 11, 2020

In a move that lets small businesses take card payments and monitor income, accounting platform Clear Books has integrated with Stripe. The connection enables small businesses with a Clear Books account to take invoice payments by credit and debit card, according to an announcement.

Accounts

Fintech News

MARCH 6, 2024

MYbank MYBank was founded in 2015 by Ant Financial, Shanghai Fosun Industrial Technology Development Co., 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. Wanxiang Sannong Co.,

Online and Mobile Banking

PYMNTS

FEBRUARY 11, 2020

billion bank cards in circulation were debit cards. The country changed its rules in 2015 so that licenses could be granted to foreign bank-card clearing providers by establishing units or acquiring a local company. By the close of September, 90 percent of China’s 8.2

Visa

PYMNTS

DECEMBER 11, 2020

Merricks alleges Mastercard is in violation of the European Union’s competition law because of the “interchange” fees charged to retailers for card use. The case is the first major lawsuit to move forward under the Consumer Rights Act 2015, which penalizes anti-competitive behavior. The high court in the U.K.

Visa

PYMNTS

FEBRUARY 7, 2020

The broad consumer appeal of free trading compelled the 2015 launch of Robinhood. We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions. As they grow and that comes to an end, they will just become another brokerage.”.

Debit Card

Fintech News

OCTOBER 10, 2024

Jupiter is a neobanking startup founded in 2019 that offers financial services including debit cards, mutual funds, personalized savings options, expense management, and real-time payments. The startup had about two million customers in 2022.

Payment APIs and Integration

PYMNTS

DECEMBER 9, 2019

Cards over cash – specifically, debit cards over cash. And debit card transactions, the report notes, have become the most widely used payment method , ahead of cash, at least as measured by value. “U.S. The growth in value of payments, generally speaking, has been on an uptrend since 2015.

Fed

PYMNTS

NOVEMBER 4, 2016

Further findings show that the value of an average contactless card transaction has also risen in the U.K.: in 2015 to £8.97 In the same period, the total number of contactless cards in circulation increased from 74.5 contactless card shipments are expected to hit 330 million per annum by 2020. from £7.12 in 2016 ($8.90

Debit Card

PYMNTS

FEBRUARY 23, 2018

23) that counterfeit fraud, as measured in dollars, dropped 70 percent in December 2017 compared to September of 2015. million merchant locations now accept chip cards, covering 59 percent of the merchant population. By way of contrast, in September 2015, the number of merchants accepting those cards stood at roughly 392,000.

CHIPS

PYMNTS

SEPTEMBER 17, 2018

When Mastercard launched Send in 2015, the focus was on making it easy to move money quickly between businesses and people using the debit card as the proxy. Send doesn’t just work with Mastercard branded cards, either, Jess Turner, executive vice president of digital payments at Mastercard, told PYMNTS in a recent conversation.

Visa