Stax

JULY 21, 2025

In this post, we’re going to provide overviews of both Mastercard and Visa and outline the similarities and differences between both card networks—and the role that financial institutions play in deciding their features and perks. Because Mastercard is not in charge of issuing its cards, it doesn’t make money via cardholder activity.

Visa

Fintech Finance

JUNE 10, 2025

Sold in tamper-evident packaging without any human-readable data elements, like an account number, CVV or mag stripe on the card, the risk of sensitive information falling into the wrong hands can be significantly minimized. The Tap to Pay Visa Gift Card will be available for purchase at select locations beginning in summer 2025.

Fraud Prevention

Fintech Review

MAY 10, 2025

Users can receive virtual cards directly on their smartphones and start transacting without waiting for physical cards. In competitive consumer markets, this mobile-first capability can significantly improve activation rates and retention. Marqetas programmable infrastructure sits perfectly at the centre of this movement.

Payment APIs and Integration

The Fintech Times

MARCH 27, 2025

As well as our business solutions, we now offer services to individual consumers. We saw 2000 per cent growth in personal finance customers across 2024 emphasising the appeal of the personal banking solution to consumers. We are Nigerias largest merchant acquirer, powering most of the countrys Point of Sale (POS) transactions.

FinTech

Finextra

JUNE 26, 2025

The Significant Financial and Reputational Impact of Online Payment Fraud, Particularly from Stolen Payment Cards Online payment fraud poses a severe and multifaceted threat, resulting in substantial financial losses for both businesses and consumers globally. Problem 1: Mistrust in Sellers. Businesses are losing money to Fraud-$10.6m

Stablecoins

Payments Dive

JUNE 26, 2025

The company’s Venmo peer-to-peer services unit, which already has a niche with young consumers, will also make a bid for more student payments by enabling acceptance of the its digital wallet at more campus bookstores and for tickets to events, PayPal said. The digital wallet currently has about 64 million U.S.

PayPal

Payments Dive

JUNE 24, 2025

Published June 24, 2025 Justin Bachman Senior Reporter post share post print email license A Bank of America ATM machine on July 18, 2022 in Miami, Florida. District Judge Richard Leon covers ATM operators and millions of consumers in separate cases that were handled in the U.S. The class-action settlement endorsed by U.S.

ATM

Finextra

JUNE 26, 2025

The Significant Financial and Reputational Impact of Online Payment Fraud, Particularly from Stolen Payment Cards Online payment fraud poses a severe and multifaceted threat, resulting in substantial financial losses for both businesses and consumers globally. Problem 1: Mistrust in Sellers. Businesses are losing money to Fraud-$10.6m

Stablecoins

Finextra

JULY 4, 2025

Home Announcements Payments Ujjivan Small Finance Bank introduces international RuPay select debit card External This content is provided by an external author without editing by Finextra. This launch is part of the bank’s broader objective to offer modern, inclusive, and globally-accessible banking solutions to consumers.

Debit Card

PYMNTS

APRIL 2, 2019

Wells Fargo announced Tuesday (April 2) the launch of contactless consumer credit and debit cards. In a press release , Wells Fargo said the new cards will enable customers to complete transactions quickly and with a single tap at millions of merchants and transit systems that accept contactless payments.

Debit Card

FICO

MARCH 29, 2017

The latest fraud news from the FICO ® Card Alert Service , which monitors hundreds of thousands of ATMs and other readers in the US, is bad. 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.

ATM

The Fintech Times

AUGUST 12, 2024

US consumers are increasingly turning to debit cards for their everyday transactions, driving a significant surge in the number of transactions and overall spending. On average, active debit cardholders completed 34.6 ATM transactions. transactions per month, including 30.7

Debit Card

PYMNTS

OCTOBER 28, 2020

Cryptocurrency fans in the United States will soon have their own debit card for holiday shopping. The good news is that the new Coinbase Card handles all the conversions itself, exchanging whatever cryptocurrency that users have in their accounts to U.S. dollars before completing purchases or ATM withdrawals, the company said.

Debit Card

PYMNTS

MARCH 6, 2018

A new report has revealed that there was a 10 percent increase in the number of payment cards compromised at U.S. ATMs and merchants in 2017. The number of compromises and the number of card members impacted set a new record last year,” said TJ Horan, vice president of fraud solutions at FICO.

Debit Card

PYMNTS

MAY 19, 2020

In today’s top news, Amazon could be in talks to buy JCPenney, and 4 million stimulus payments will be sent to consumers via Visa prepaid debit cards. Treasury: 4 Million Stimulus Payments To Be Sent Via Visa Prepaid Debit Card. consumers are changing habits in response to the pandemic.

Debit Card

PYMNTS

MAY 18, 2020

Credit union service organization (CUSO) PSCU compared the 19 th week of 2020, which concluded on May 10, to the same timeframe in 2019 to discover the impact of the pandemic on consumer spending and shopping trends. The average debit card purchase amount rose 19.9 percent jump in debit card spend for the week ending May 10.

Debit Card

PYMNTS

FEBRUARY 3, 2020

The automated teller machine (ATM) debuted 51 years ago in the U.S., And while some imagined there’d be banks on Mars by 2020, few guessed that dull ATMs would one day reinvent retail banking. A convergence of factors is at the root of the ATM makeover now underway. It helps explain why the value of the ATM market was $18.44

ATM

PYMNTS

NOVEMBER 10, 2016

Bank of America is facing a lawsuit in Arizona from prisoners who contend they are being forced to become customers of the bank because they are given a BoA debit card that also has high and unusual fees. “The fees are based on a debit card contract that they never agreed to and never signed.”

Debit Card

PYMNTS

FEBRUARY 3, 2020

Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021.

Debit Card

Fintech News

AUGUST 12, 2024

Supported payment options include NETS ATM/debit cards, NETS Prepaid Cards, major international card schemes, and QR payments from local banks like DBS, OCBC, and UOB, as well as various overseas banking and wallet apps from countries including China, Indonesia, Malaysia, and Thailand.

Contactless Payments

PYMNTS

DECEMBER 2, 2020

As entire industry sectors wage fierce cyber-battle against internet crooks, consumers continue to be victimized by these criminals, and it’s making them extremely nervous about their data. Virtual cards are expected to facilitate $1.6 Merchants Align Behind V-Cards. trillion in spending this year and $5 trillion in 2025.

Debit Card

PYMNTS

SEPTEMBER 15, 2020

SBM Bank India , the Mumbai-based lender, and Mastercard have introduced a premium debit card for high-net-worth customers. Additionally, SBM customers can get preferential personal banking services, such as better rates on savings accounts with monthly interest payouts and competitive foreign exchange rates, the bank said. . “We

Debit Card

PYMNTS

NOVEMBER 12, 2018

s Court of Appeal ruled on Friday (November 9) that automated teller machines (ATMs) should not be separately assessed when it comes to business rates. Schurder told the FT , “ATMs are part of the retail offer of the stores they are situated in and the VOA should never have treated them as separate businesses. In addition, around 2.2

ATM

FICO

NOVEMBER 24, 2020

As many of us who have long been in the industry know, fraud remains a top challenge for debit cards. billion in gross (attempted) debit card fraud and ultimately incurred losses of over $1 billion on debit and ATM transactions; the need for an effective solution to this problem has never been greater.

Debit Card

PYMNTS

OCTOBER 13, 2017

Payments provider Elan Financial Services announced that along with Ondot Systems , the leading provider of mobile-based card services, they have enhanced the My Mobile Money app so that it now offers two-way fraud alerts for Elan processed debit cards.

Debit Card

Fintech Finance

OCTOBER 3, 2024

Consumers are losing over £17m a year by choosing to pay in pounds rather than the local currency when using credit and debit cards abroad. The figure is likely to be higher as this only accounts for the top five spending categories, ATM, accommodation, restaurants, duty free and groceries.

Debit Card

PYMNTS

NOVEMBER 19, 2020

Alpesh Chokshi, head of business development, Citi Global Consumer Bank, said in a statement on Wednesday (Nov. 18) that today’s consumers seek money management that is like their own lives — a fast-moving “integrated experience.”.

Visa

PYMNTS

JULY 14, 2020

Wells Fargo reported Tuesday (July 14) that its teller and ATM transactions plunged 28 percent in the second quarter amid COVID-related temporary branch closures and the continued transition to digital. Supplemental materials from the company also showed that general purpose credit card volumes fell 22 percent to $15.8 percent to $894.1

ATM

PYMNTS

JANUARY 30, 2020

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. Fraudsters Flock To Debit Cards’ Weak Points. Get the full scoop in the Tracker.

Debit Card

PYMNTS

NOVEMBER 2, 2020

And they don't have ATMs, don’t issue debit cards and offer very limited services beyond being places for consumers to interact with a cashier to deposit or withdraw funds at a counter. So, then I asked: ‘Why don't you issue a debit card?’ or ‘Why don't you put in an ATM?’ Creating A Turnkey Solution.

Debit Card

PYMNTS

SEPTEMBER 18, 2020

Chime, which CEO Chris Britt co-founded in 2013, provides clients mobile banking accounts without charges, debit cards and automated teller machine (ATM) access. consumers who make from $30,000 to $75,000 annually. Mobile banking upstart Chime has completed funding that has provided the firm with a $14.5

Mobile Banking

PYMNTS

DECEMBER 31, 2020

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms of fraud, forcing them into a delicate balancing act. Security challenges are mounting, too. 3D Secure 2.0

Issuers

Fintech Finance

AUGUST 14, 2024

With NETS SoftPOS, merchants will be able to accept contactless transactions from card, QR and mobile payment. NETS SoftPOS reduces multiple barriers to entry for merchants looking to cater to the increasing demand for contactless payment solutions from consumers.

Payment Solutions

PYMNTS

AUGUST 4, 2017

Savings app Qapital is now offering a new checking account and debit card to its customers, in addition to its already existing savings account. in 2014 and shifted focus to helping consumers manage their day-to-day spending through an automated savings tool central to its service.

Debit Card

Fintech Finance

AUGUST 22, 2024

The service is available for the holders of NBK Debit Cards (Only on international spends), NBK Foreign Currency Prepaid Card, and NBK Multi-Currency Prepaid Card. To avail it, customers need to enable NBK Push Notifications.

Mobile Banking

PYMNTS

SEPTEMBER 9, 2016

New York State workers who get paid via prepaid card will have more consumer protections starting next year. According to a report by The New York Times , the new rules, which some consumer advocates said are the strongest in the country, are designed to ensure employees don’t have to pay any fees to access their paychecks.

Debit Card

PYMNTS

MARCH 18, 2019

The financial institution on Monday (March 18) “began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 The accounts come with debit cards, digital payments and free check cashing, but do not allow overdrafts.”. a month and no minimum balance,” according to Reuters.

Consumer