The Fintech Times

MARCH 27, 2025

In August 2023, we launched our personal banking solution through Moniepoints subsidiary, Moniepoint Microfinance Bank, offering a reliable debit card which can be used at ATMs, POS terminals, and online; alongside a personal banking app where users can make transfers, pay bills and buy airtime. Great question.

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FinTech Financial Inclusion Cross-Border Payments Online and Mobile Banking 59

Fintech Finance

FEBRUARY 3, 2025

It is designed for savvy young savers and spenders alike, featuring no monthly fee, fee-free debit card spending in the UK and abroad (some ATMS may charge a fee), a dedicated mobile app to help children make the most of their money and a distinctive red debit card made from recycled plastic.

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Debit Card Accounts Mobile Banking ATM 59

Finextra

JUNE 26, 2025

This structural difference makes Card-Not-Present (CNP) fraud a dominant concern, accounting for a substantial portion of all card fraud, exemplified by its 85.3% Card-not-present fraud: An unauthorized person uses stolen card details to make online purchases. share in the UK.

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Stablecoins Payment APIs and Integration Fraud Prevention Cross-Border 52

Payments Dive

JUNE 26, 2025

Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows Payments industry news Let Payments Dives free newsletter keep you informed, straight from your inbox. Venmo is also linked to a Mastercard debit card that the company touted as offering students cashback rewards for a limited period. You can unsubscribe at anytime.

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PayPal Venmo Push-to-Card Privacy 78

Payments Dive

JUNE 24, 2025

Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows Payments industry news Let Payments Dives free newsletter keep you informed, straight from your inbox. 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. antitrust law.

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ATM Settlement Visa Privacy 167

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. The card will help serve the digitally savvy, travel-ready, and aspirational customers and deliver value to consumers worldwide.”

Debit Card 52

Debit Card Finance Transaction Limits Authorization 52

Finextra

JUNE 26, 2025

This structural difference makes Card-Not-Present (CNP) fraud a dominant concern, accounting for a substantial portion of all card fraud, exemplified by its 85.3% Card-not-present fraud: An unauthorized person uses stolen card details to make online purchases. share in the UK.

Stablecoins 52

Stablecoins Payment APIs and Integration Cross-Border Account Takeovers 52

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.

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ATM Debit Card Compromise Point-of-Sale (POS) 72

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.

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Debit Card Push-to-Card Cryptocurrency ATM 77

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. The 2024 PULSE Debit Issuer Study reveals that in 2023, the total number of debit cards, transactions and annual spending per active card all saw substantial increases.

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Debit Card Consumer Debit Transaction Point-of-Sale (POS) 64

FICO

OCTOBER 12, 2016

As the US payment card infrastructure continues to move to EMV, fraudsters are turning their targets toward unattended self-service terminals, such as US ATMs, most of which have not yet been upgraded to read EMV chips. Debit-card compromises at ATMs located on bank property in U.S.

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PYMNTS

MAY 18, 2020

Our data continues to show signs of consumer awakening, with the growth rate for debit spend above historic levels and credit card spend continuing to show week-over-week improvements,” said Glynn Frechette , senior vice president, Advisors Plus at PSCU. The average debit card purchase amount rose 19.9

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Debit Card Credit Union Service Organization Credit Cards Credit Union 52

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.

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Debit Card Assessments Data Breach Online and Mobile Banking 52

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.

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Debit Card Fraud Detection Issuers ATM 52

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 card numbers can’t be copied, and their spend controls make overspending or unauthorized spending “virtually” impossible.

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Debit Card Transactions Security Push-to-Card 60

PYMNTS

OCTOBER 20, 2017

Citibank has announced news that customers can now utilize the popular Citi Quick Lock feature on their debit cards, enabling them to quickly temporarily freeze their card in order to protect their bank accounts. Customers can easily lock their debit cards online or via Citibank’s mobile app if a card is misplaced.

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Debit Card Online and Mobile Banking Credit Cards ATM 43

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

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ATM Transactions Online and Mobile Banking Credit Cards 65

PYMNTS

JANUARY 30, 2020

This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Consumers also show continued interest in debit even as they adopt newer payment instruments, and a 2019 report found that 61 percent of mobile wallet users linked debit cards.

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Debit Card Security Fraud Detection Federal Trade Commission 73

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.

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Mobile Banking Verification Online and Mobile Banking Push-to-Card 111

Fintech Finance

DECEMBER 5, 2024

As Kenya continues to embrace digital transformation, this initiative will play a pivotal role in shaping a more inclusive financial landscape that caters to the evolving needs of individuals and businesses across the country,” said Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard.

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Visa Payment Solutions Debit Card Contactless Payments 98

Fintech Finance

APRIL 8, 2025

Significantly, the certified SmartVista platform, accredited by VISA, Mastercard, JCB, Diners, and the NBC CSS network, has enabled ACLEDA to issue and acquire an extensive range of international and domestic cards. Partnering with BPC and implementing SmartVista delivered all of these and more.

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PCI DSS ATM Debit Card Accreditation 94

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”?

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Chip Cards CHIPS EMV Debit Card 88

PYMNTS

NOVEMBER 16, 2020

Real-time payments continue to gain traction around the world. Joaquim Kiyoshi Kavakama , CEO of Brazil’s Interbank Payment Chamber (known as “CIP”), told PYMNTS' Karen Webster that the two systems will work together as Brazil’s payments-ecosystem continues to evolve. Case in point: Brazil. Cash And Checks .

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Real Time Payments Wire Transfer Push-to-Card Credit Cards 131

PYMNTS

MAY 31, 2017

Debit cards, default cards, banks both bricks-and-mortar and digital. That brings up some questions for banks: What are the opportunities for banks with debit, and with branches, and even with ATMs? Debit card usage is habit-driven, he said, and habit has grown roots over the last several years.

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ATM Debit Card Consumer EMV 40

PYMNTS

SEPTEMBER 25, 2018

25) that it has agreed to acquire the debit card processing, ATM managed services and MoneyPass surcharge-free network of Elan Financial Services , a unit of U.S. Via the deal, Fiserv will expand its suite of solutions in ATM managed services, which is a key area of growth for the company.

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PYMNTS

JUNE 28, 2017

The space changed when Barclays Bank announced the launch of the world’s first ATM machine which could dispense up to ten £1 pound notes in exchange for a bank-issued voucher. Fast track to today and the United Kingdom is home to more than 70,000 ATM machines used by 94 percent of the adult population. That was 50 years ago.

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ATM Online and Mobile Banking Alternative Payment Methods Federal Reserve 40

Payment Savvy

NOVEMBER 9, 2022

These can include using a credit or debit card, an electronic check, or an ACH (Automated Clearing House) transfer. The history of electronic funds transfers begins in the 1960s, with the advent of ATMs. And with the continued growth of mobile commerce, we can only expect electronic transfers to become even more prevalent.

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Online and Mobile Banking Wire Transfer Direct Deposit ACH 98

PYMNTS

NOVEMBER 1, 2018

Lower ATM operating revenue in the U.K. and Australia helped depress Q3 earnings revenue for Cardtronics , the world’s largest owner of ATMs. ATM operating revenue, meanwhile, declined 15 percent year over year to $329.8 ATM operating revenue, meanwhile, declined 15 percent year over year to $329.8 Late Thursday (Nov.

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ATM Point-of-Sale (POS) Contactless Payments Debit Card 62

PYMNTS

JULY 15, 2020

Existing Greenhouse by Wells Fargo customers can continue to manage their finances through the Greenhouse app.”. Users can also choose how much to deposit in their “Spending Account,” which is connected to a debit card that they can use for everyday purchases. Wells Fargo did not provide further details.

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Debit Card ATM Enrollments Accounts 66

PYMNTS

JANUARY 19, 2021

A new year has begun, but the pandemic continues to throw financial and operational curveballs at banks, businesses and their consumers regarding how they conduct daily tasks or routine payments. consumers now count themselves as “ debit-centric ” users, a sizable jump over the 33 percent who said the same about credit cards.

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Debit Card Online and Mobile Banking Push-to-Card P2P 62

PYMNTS

MARCH 25, 2020

rolled out a feature that lets machine operators immediately move mobile payment settlements to a debit card. Kanhere continued, “And like most businesses, they are facing unprecedented challenges. The QR code use will do away with the hallmarks of old-style payments such as terminals or card.

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Debit Card ATM Settlement ACH 52

PYMNTS

JANUARY 31, 2020

Debit is a core payment method in the U.S. A 2018 survey found that 40 percent of American financial institution (FI) customers in this age bracket reported debit cards as their go-to payment instruments, while 36 percent favored credit cards. that has garnered particularly strong traction among consumers aged 31 to 38.

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ATM Debit Card Fraud Detection Credential 59

FICO

DECEMBER 18, 2017

The use of credit and debit cards has grown for decades, and many observers, including Payments UK , are expecting growth in both value and volume of payments to continue. How far merchants will go in refusing to take cards is unclear, but it will make them less willing to accept some card payments.

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Transactions Real Time Payments Debit Card Online and Mobile Banking 79

PYMNTS

MAY 12, 2020

There was a time when consumers did not require much more from their local bank than a checking account, savings account and an ATM card. Consumers are paying with credit and debit cards more than ever before, and they are increasingly looking to their smartphones to gain greater control over how they spend and manage their money.

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Debit Card On-Demand ATM Consumer 96

FICO

FEBRUARY 16, 2023

Now that we have data from the entire year to review, we are seeing the alarming trend continue. For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021.

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Fintech Review

APRIL 30, 2025

How Blackouts Affect Bank Accounts and Infrastructure Modern banking depends on continuous electricity and network connectivity. ATM networks may fail. In many cases, ATMs without backup power will be unavailable. Can I withdraw cash during a blackout? Branches may close, and mobile money agents may have limited cash.

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Accounts Online and Mobile Banking ATM Debit Card 59

Fintech News

AUGUST 12, 2024

Despite facing funding challenges and navigating complex market conditions, the fintech sector in India continues to grow and evolve, with several emerging fintech trends in India poised to shape the future of the industry. One notable example is the Union Bank of India, one of the largest government-based banks in the country.

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