Republicans pressure Fed on debit card fees
Payments Dive
APRIL 14, 2025
Some House Financial Services Committee members are pressuring the Federal Reserve to reverse a proposal to lower the debit card fees that banks can charge.
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Debit cards face rising digital wallet competition
Payments Dive
MAY 29, 2024
Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D.
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Merchants, banks spar over Fed’s debit card fee proposal
Payments Dive
JANUARY 3, 2025
Major trade groups for merchants and banks engaged in another round of fighting last week over whether the Federal Reserve should finalize a lower debit card interchange fee rate.
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Fed to review debit card fee cap next week
Payments Dive
OCTOBER 20, 2023
The Fed hasn’t changed a debit card fee cap since it was put in place in 2011, but it's planning to take up the issue at a meeting next week.
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PSP Services Inc. Announces Agreement to Acquire the NCR Atleos Debit Card Production and Transaction Processing Business in Canada
Fintech Finance
OCTOBER 29, 2024
PSP) is pleased to announce an agreement to acquire the NCR Atleos debit card production and transaction processing business that services a number of credit unions, financial institutions and payment networks in Canada. PSP Services Inc. ” The post PSP Services Inc.
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FV Bank Announces Launch of VISA Debit and Corporate Expense Cards
Fintech Finance
OCTOBER 28, 2024
FV Bank, in partnership with Visa, has today announced at Money20/20 Las Vegas (October 27-30), the launch of FV Bank’s new debit cards and corporate expense cards. Businesses can order cards for authorized users, set individual spending limits, and track transactions in real-time through FV Bank’s platform.
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Are digital wallets safer than debit cards?
Payments Dive
MAY 31, 2024
Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.
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Emerging Markets-Focused Fintech Platform PalmPay Unveils New Debit Card in Nigeria with Verve
Fintech Finance
APRIL 3, 2025
PalmPay ( www.PalmPay.com ), a leading digital bank and fintech platform focused on emerging markets, has launched the PalmPay Debit Card in Nigeria in partnership with Verve, Africa’s largest domestic card scheme. “ said Sofia Zab, Chief Marketing Officer at PalmPay.
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Protecting Debit Card Payments: Curve Applies Section 75 Protection to All Cards in its Wallet
The Fintech Times
FEBRUARY 6, 2025
Section 75 is a law that applies exclusively to credit cards, ensuring providers share responsibility with merchants for purchases ranging from 100 to 30,000. Debit card users have historically not had this level of protection, leaving them vulnerable in cases of faulty goods.
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Chocolate Finance Resumes Withdrawals, Raises Debit Card Spending Cap to S$1,000
Fintech News
MARCH 17, 2025
The report said the firm also raised the spending cap on its Chocolate Visa debit card to S$1,000, up from the S$250 limit imposed on 11 March 2025, to manage what it referred to as its liquidity programme. The company is working to process withdrawals in line with its standard redemption timeline of three to six business days.
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Debit cards overtake cash at the POS in Switzerland
Finextra
MARCH 25, 2025
Debit cards have overtaken cash as the favoured payment method among consumers in Switzerland.
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Coinbase to Integrate Visa Direct to Deliver Real-Time Account Funding for Customers
Fintech Finance
OCTOBER 30, 2024
By integrating with the Visa Direct network, Coinbase customers will be able to deposit funds into their Coinbase account in real-time1 using eligible Visa debit cards. “The integration with Visa Direct gives our eligible customers real-time1 access to their funds for trading. .”
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Fuse Launches Volt App 2.0 as Ultimate DeFi Banking App With Crypto Debit Card
Fintech Review
NOVEMBER 15, 2024
The latest version of its non-custodial DeFi app elevates it into a decentralized banking ecosystem with a host of new features including a crypto debit card. The launch of a Volt debit card will enable fast and secure conversion of digital assets to fiat, so they can be spent instantly in-store or online.
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How a PIN Works on Credit Cards and Debit Cards
Clearly Payments
OCTOBER 22, 2024
As a merchant, understanding how a PIN (Personal Identification Number) works with credit and debit card transactions is essential for running a secure and efficient payment process. This guide explains how a PIN functions in credit and debit card payments and its importance for merchants. What is a PIN?
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myTU Launches Business Visa Debit Card With Advanced API Features
Fintech Finance
DECEMBER 3, 2024
myTU , a fully automated, AI-powered and cloud-first digital bank, announced the launch of a new business debit card designed for businesses. myTU’s new business debit card addresses this challenge by allowing businesses to issue cards to individual employees or entire departments, simplifying expense management.
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Digital wallets to overtake debit cards in stores: report
Payments Dive
MARCH 22, 2024
Having already dominated e-commerce transactions, digital wallets are projected to overtake at least one traditional form of payment in stores, according a Thursday report by Worldpay.
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Startup offers ‘credit-building’ debit cards for Gen Z
Payments Dive
JUNE 13, 2024
Startup Fizz is marketing itself as a company helping college students build credit and manage daily spending.
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Ex-TD employee charged in debit card case
Payments Dive
DECEMBER 13, 2024
The former worker issued dozens of cards linked to accounts opened by another TD employee in the names of shell companies, and received bribes for that work, the Justice Department alleged.
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Visa debit card volume growth keeps sliding
Payments Dive
APRIL 24, 2024
The card network behemoth’s latest earnings report showed a contraction in card volume growth during the first three months of the year, and into April.
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Visa Direct to Make Funds Available in U.S. Cardholders’ Bank Accounts in One Minute or Less
Fintech Finance
DECEMBER 12, 2024
Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in real-time1. Visa Direct enables real-time money movement to eligible debit cards. Visa , a global leader in digital payments, today announced that with Visa Direct, funds transferred to U.S.
Exclusive PXP Research Reveals Key Insights into Payment Preferences
Fintech Finance
JANUARY 15, 2025
The research uncovers compelling trends in how people choose to pay and what drives their decisions: Debit card is the preferred method of payment for all in-person transactions, with the exception of cruises, where credit cards prevail.
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AP+ Works With Google to Offer Least Cost Routing on Google Wallets
Fintech Finance
MARCH 6, 2025
ANZ and Suncorp Bank are the first two issuers live with eftpos multi-network debit cards in the Google Wallet, with other issuers to follow over the course of 2025. Multi-network debit cards allow payments to be processed either through the eftpos network or one of the international debit networks, such as Mastercard or Visa.
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AP+ Works With Google to Offer Least Cost Routing on Google Wallets
Fintech Finance
MARCH 6, 2025
ANZ and Suncorp Bank are the first two issuers live with eftpos multi-network debit cards in the Google Wallet, with other issuers to follow over the course of 2025. Multi-network debit cards allow payments to be processed either through the eftpos network or one of the international debit networks, such as Mastercard or Visa.
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As Credit Card Concerns Rise, Banks Look to ‘Sweeten the Pot’ for Debit Card Users
Payments Next
FEBRUARY 25, 2025
By Shawn Conahan, CRO, Wildfire Systems The direction of interest rates in 2025 remains uncertain, but one trend is becoming increasingly clear: The post As Credit Card Concerns Rise, Banks Look to Sweeten the Pot for Debit Card Users first appeared on Payments NEXT.
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2024 Payment Methods Report: Overview, Insights, and Statistics
Clearly Payments
OCTOBER 31, 2024
Growth Trends : Despite the rise of alternative payment methods, credit card transactions continue to grow in sectors like travel, accounting for 60% of all travel bookings globally. Debit Cards Overview : Debit cards draw directly from a user’s bank account, making them a popular alternative to credit for consumers who prefer to avoid debt.
Travel Debit Card Currensea Saved Travellers Over £2.5 Million in 2024 by Cutting Foreign Exchange Fees
Fintech Finance
JANUARY 7, 2025
Travel debit card Currensea saved travellers over 2.5 Currenseas money-saving card enables travellers to spend abroad directly from their existing bank account but without the foreign exchange charges normally applied by banks, and without the hassle of opening a new bank account or topping up other cards.
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Mollie and PayPal Join Forces to Enhance Marketplace Payments in Europe
Fintech Finance
NOVEMBER 26, 2024
This further enhances Mollie’s full payment solution offering, providing a wide range of payment options, including credit/debit cards, digital wallets, bank transfers, and local payment methods. Mollie is one of few financial service providers authorised to offer PayPal to marketplaces.
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Galileo Financial Technologies Enables Brands to Offer Co-Brand Debit Rewards Cards
Fintech Finance
FEBRUARY 20, 2025
While co-brand credit rewards programs are common, debit users have largely been left outuntil now. adults have a debit card, and 45 million U.S. This gets them to market faster so they can attract debit-focused consumers and offer them meaningful perks without changing how they spend. hospitality sector.
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Cake by VPBank Leverages Visa for Cloud-Based Card Management
Fintech News
NOVEMBER 13, 2024
Recently, the bank introduced Vietnam’s first disposable virtual debit card through the CMS and plans to expand its product line with additional debit and credit card options. Its modern architecture incorporates Google Cloud technologies such as GKE Enterprise and BigQuery to optimise scalability and efficiency.
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Visa Brings Apple Pay to its Customers in Egypt
Fintech Finance
JANUARY 20, 2025
” When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Customers simply need to open the Wallet app on their iPhone, tap +, and follow the steps to add their Visa credit or debit cards. Apple Pay is easy to set up.
Illinois heads toward landmark card interchange fee restrictions
Payments Dive
JUNE 7, 2024
The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.
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How PCI DSS Compliance Protects Australian Businesses from Data Breaches?
VISTA InfoSec
MARCH 13, 2025
million credit card users in Australia, along with 43.77 million actively issued debit cards? These figures reflect Australia’s heavy reliance on digital payments and card-based transactions for everyday purchases and online commerce. Did you know that there are approximately 12.52
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How are Interchange Fees Calculated?
Stax
MARCH 13, 2025
Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why. In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. This is a win-win situation for issuing banks and credit card payment networks.
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Block begins rollout of Afterpay on Cash App debit card
Payments Dive
FEBRUARY 21, 2025
The buy now, pay later product Afterpay became available to eligible cardholders in 20 states Tuesday.
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Visa Empowers Digital Creators with Small Business Tools and Resources
Fintech News
NOVEMBER 13, 2024
We are proud to help creators grow their businesses – whether it’s helping creators access funding with a small working capital solution, or helping creators get paid in real-time to their debit card.” said Jonathan Kolozsvary, Global Head of Small Business at Visa.
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dLocal and Spreedly Strengthen Partnership to Expand Global Payment Access in Emerging Markets
Fintech Finance
DECEMBER 4, 2024
This partnership offers merchants and platforms access to dLocal’s comprehensive payment network across emerging markets, allowing them to accept credit and debit cards, bank transfers, cash payments, instant payment (such as PIX and UPI), and wallets.
Mastercard Brings Apple Pay to Customers in Egypt
Fintech Finance
DECEMBER 12, 2024
When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. On iPhone, simply open the Wallet app, tap +, and follow the steps to add credit or debit cards. Security and privacy are at the core of Apple Pay. Apple Pay is easy to set up.
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Sara Davies, Deborah Meaden and Vicky McClure Launch Campaign for Safer Spending Solution
Fintech Finance
OCTOBER 29, 2024
Sibstar, the UK’s leading debit card and app for people living with dementia, is today calling for banks and governments to work closer together to ensure safer spending for financially vulnerable people. Sibstar is the UK’s first debit card and app that helps families living with dementia to safely manage their everyday spending.
Exclusive PXP research reveals key Insights into payment preferences
The Payments Association
FEBRUARY 4, 2025
The research uncovers compelling trends in how people choose to pay and what drives their decisions: Debit cards are the preferred payment method for all in-person transactions, except cruises, where credit cards prevail.
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Discover, Spire cut merchant processing fees by up to 90%
Bank Automation
APRIL 2, 2025
for credit and debit card transactions, Matt Brennan, […] The post Discover, Spire cut merchant processing fees by up to 90% appeared first on Bank Automation News.
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Pennsylvania may ban interchange fees on sales tax
Payments Dive
JUNE 25, 2024
Democrats in the Keystone state’s House of Representatives are pushing a bill that would prohibit interchange fees from applying to sales tax when consumers make credit or debit card payments.
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Unlimit and Pagaloop Partner to Simplify Expense Management for Mexican SMBs
Fintech Finance
NOVEMBER 14, 2024
The partnership will focus on strengthening the Pagaloop app’s credit and debit card processing capabilities and ensuring high approval rates to facilitate the company’s continued expansion in the region.
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Visa faces possible DOJ lawsuit, news reports say
Payments Dive
SEPTEMBER 24, 2024
The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.
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Fed majority votes to finalize debit rule
Payments Dive
OCTOBER 4, 2022
In a 6-1 vote, the Federal Reserve finalized a debit card processing rule that underscores a requirement that multiple card networks be available for routing transactions, including online.
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