Finextra

JUNE 26, 2025

These threats include: Online payment fraud The use of stolen cards by fraudsters: A fraudster takes control of a credit or debit card account to make unauthorized transactions. Card-not-present fraud: An unauthorized person uses stolen card details to make online purchases.

Stablecoins

PYMNTS

APRIL 17, 2020

To reportedly help it compete with Apple Pay and the Apple Card, Google is creating its own tangible and virtual debit cards. The tech company’s debit card will have the brand of Google along with its partnered financial institution; however, it is not known what the offering’s name will be.

Debit Card

Clearly Payments

AUGUST 24, 2024

Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. According to Visa, tokenized transactions accounted for 85% of all mobile debit transactions in North America in 2023.

Debit Card

PYMNTS

JULY 11, 2019

To offer customers greater choice and convenience in time for the summer holiday season, Hertz , Dollar and Thrifty are welcoming debit cards at selected European locations. Mastercard research also shows that people are increasingly using their debit cards.

Debit Card

PYMNTS

NOVEMBER 14, 2019

antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov. The Federal Trade Commission (FTC) is talking to large merchants to discover if some retailers are being blocked from routing digital payments over alternative debit networks, sources told Bloomberg.

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

FICO

MARCH 29, 2017

In fact, it’s doubly bad: The number of payment cards compromised at U.S. ATMs and merchants monitored rose 70 percent in 2016. The number of hacked card readers at U.S. ATMs, restaurants and merchants rose 30 percent in 2016. The 2016 average duration is less than a third of the average duration in 2014, 36 days.

ATM

PYMNTS

OCTOBER 26, 2016

As Money20/20 2016 rolls along, PYMNTS caught up with Brett McDowell, president and CEO of Fast IDentity Online (FIDO) Alliance, to discuss hot topics in the digital identity space, along with the trends the industry may well be focused on a year from now. It’s EMV all over again. Not just for mobile devices but for payments and commerce.”.

EMV

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.

IRS

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. According to the 2016 Federal Reserve Payments Study, which was released Thursday (Dec. trillion, up 6.9

Debit Card

PYMNTS

SEPTEMBER 15, 2020

Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.

Debit Card

PYMNTS

JUNE 22, 2018

Due to a recent outage, some Bank of Ireland customers were unable to use their debit cards. The bank reported that approximately one in seven customers were unable to use their Visa cards at point-of-sale (POS) terminals, according to news from Independent.ie.

Debit Card

PYMNTS

MAY 27, 2020

has unveiled a partnership to power the expansion of Crypto.com ’s end-to-end crypto ecosystem, which consists of a Visa crypto debit card and a wallet app to buy and sell crypto and earn cash-back rewards in crypto form. Digital-payments company i2c Inc.

Debit Card

PYMNTS

OCTOBER 1, 2018

in a settlement with the Financial Conduct Authority (FCA) due to a cyberattack at the lender in 2016. According to a report in The Guardian , citing Tesco, the company said the attack didn’t result in theft or loss of customers’ data, but in 34 transactions in which funds were debited from accounts. 1) to pay £16.4m

Financial Crimes

PYMNTS

OCTOBER 17, 2018

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. For every $10,000 of payments in 2015 and 2016, credit card fraud increased from $16.95 in 2016, noted the report.

Federal Reserve

The Paypers

AUGUST 15, 2017

(The Paypers) The 2017 Debit Issuer Study commission by PULSE has shown a decrease in debit fraud loss after US financial institutions increase issuance of chip debit cards in 2016.

Debit Card

PYMNTS

MAY 9, 2017

Credit, debit and prepaid cards issued in the U.S. saw purchase volume increase 7 percent year over year in 2016. That’s according to the Nilson Report, which said in a press release Monday (May 8) that credit, debit and prepaid cards’ purchase volume in the U.S. reached $5.648 trillion in 2016.

Volume

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

PYMNTS

SEPTEMBER 1, 2020

The San Francisco-based financial services giant’s decision to launch the checkless account, which has a monthly fee of $5, comes as Wells Fargo looks to reshape an image badly tarnished after 2016 revelations that bank employees opened millions of phony accounts in order to meet sales quotas.

Digital Payments

PYMNTS

APRIL 28, 2016

Visa has secured the spot as the exclusive payment provider for the 2016 Olympic Games in Rio for the 30th year running. As we prepare for the Rio 2016 Olympic Games, Visa is transforming the way fans pay, giving them choice in how they want to pay for anything, anytime and everywhere.”. Visa is excited to be part of their journey.”.

CHIPS

PYMNTS

MAY 6, 2019

Launched in 2016, the gov.uk website initially only accepted payments from credit and debit cards. Allowing people to pay for government services through Apple Pay and Google Pay means they won’t have to enter their credit or debit card information when making payments,” said Till Wirth, lead product manager of gov.uk

Debit Card

The Paypers

AUGUST 15, 2016

(The Paypers) Reducing credit and debit card fraud by implementing EMV chip card acceptance has become retailers’ top payment issue in 2016.

EMV

Fintech News

MARCH 6, 2024

Suning Bank received its banking license from the China Banking Regulatory Commission (CBRC) in December 2016, and commenced operations in June 2017 with registered capital of 4 billion yuan. It also offers various financial services such as debit cards, investment trusts, FX, and neo-bank services. billion.

Online and Mobile Banking

PYMNTS

DECEMBER 11, 2020

upheld a 2018 ruling that both card companies stifled retail competition with transaction fees known as multilateral interchange fees (MIF). . The case dates back to 2016, when Sainsbury and other retailers filed suit against Visa and Mastercard over credit and debit card fees. The high court in the U.K.

Visa

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. Credit held sway over debit, at 27.5 The numbers showed that debit card purchases for the month stood at 31.2

Fed

PYMNTS

FEBRUARY 7, 2020

In the United States, by 2016, it grew to 1 million subscribers and 6 million by October 2018. We’ll still have existing revenue streams, and, in addition, we’ll add revenue from interchange on debit card transactions. The broad consumer appeal of free trading compelled the 2015 launch of Robinhood.

Debit Card

PYMNTS

NOVEMBER 4, 2016

in 2016 ($8.90 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. That’s 55 percent of all new credit and debit cards by the end of the decade. .: from £7.12 in 2015 to £8.97 to $11.21).

Debit Card

PYMNTS

MARCH 19, 2019

Through the app, users can make payments via multiple options like credit cards, debit cards, UPI and net banking. The payment option was first rolled out in 2016 in China and enables contactless payments similar to Apple Pay, Samsung Pay and Google Pay. In addition, almost 7.4 As it stands, consumers in the U.K.

Mobile Payments

PYMNTS

APRIL 30, 2020

Moriarty said the company prided itself on having made nine acquisitions since 2016 that had put the company in a good place to expand into the asset side of banking. The program allows users to automatically earn small shares of stocks just by using their Stash debit cards. LendingTree chief financial officer J.D.

Finance

PYMNTS

APRIL 1, 2019

The BIS found that in recent years, the amount of cash in circulation has increased to 9 percent of GDP in 2016 from 7 percent of GDP back in 2000. That’s not to say debit and credit card payments aren’t seeing growth. According to the study, they represented 25 percent of GDP in 2016, up from 13 percent in 2000.

Federal Reserve

PYMNTS

FEBRUARY 13, 2019

Prepaid debit cards are playing an important role. Eventually, the organization had to rely on prepaid debit cards, specifically for moving money from “New York to Colombia and Ecuador to buy more cocaine.” After the cards arrived in South America, the cartel hired workers to withdraw the money from ATMs.”.

Money Laundering

PYMNTS

OCTOBER 25, 2016

As the 2016 Money20/20 conference rolls along, PYMNTS caught up with Brett McDowell, president and CEO of the Fast IDentity Online (FIDO) Alliance, to discuss how biometrics, EMV and mobile security have evolved over the past year and what the future of digital identity holds. “It keeps getting worse every year,” he said.

EMV

PYMNTS

JANUARY 8, 2019

By 2016, Chime was in the market with the full suite of features that digital banks offer today. As a pure-play digital bank, Chime offers as its primary product an entirely mobile/digital banking application that gives customers access to a network-branded debit card and a savings account. ”

Debit Card

The Paypers

MAY 4, 2016

(The Paypers) Bitcoin payments company BitPay has unveiled a new bitcoin debit during a demo session at Consensus 2016, CoinDesk’s blockchain conference in New York.

Debit Card

Payments Source

SEPTEMBER 27, 2019

from 2012 to 2016, where his strategies for faster payments, fintech partnerships and other key issues may shed light on what Scharf has planned when he becomes CEO of Wells Fargo. In the payments world, Scharf is best known as the CEO of Visa Inc.

Faster Payments

PYMNTS

JUNE 20, 2017

Prepaid card rules have been under fire ever since the Consumer Financial Protection Bureau (CFPB) put out its new regulations back in October 2016. 10 days | Time allotted for issuers to credit a cardholder’s account for disputed claims under October 2016 regulations. New regulations would remove this limit.

CFPB

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