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. Volt App 2.0

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Debit Card Online and Mobile Banking Non-Bank Blockchain 52

Fintech News

JANUARY 21, 2025

It facilitates secure peer-to-peer transfers, as well as payments for goods and services by integrating with digital payment systems like UPI in India or by linking to credit and debit cards in other countries. In India, WhatsApp Pay was initially introduced in 2020 with a 40 million user cap.

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Stax

MARCH 11, 2025

There are six main payment methods used in online payments, including credit & debit cards, digital wallets, ACH & bank transfers, direct debit, Buy Now, Pay Later (BNPL) services, and cryptocurrencies. Talk to sales How Online Payment Processing Works On the surface, online credit card processing happens in seconds.

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Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

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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Clearly Payments

JANUARY 15, 2025

The Many Types of Payment Processing Fees Below is a breakdown of the lesser-known or hidden fees that can show up on your monthly statements: Interchange Fees What It Is: The fee paid to the card-issuing bank every time a customer buys something with a credit or debit card. Cost Range: Usually 1.5%3.5%

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Stax

MARCH 18, 2025

Payment processing systems help merchants accept various types of payments, such as credit and debit cards, automated clearing house (ACH) , electronic funds transfers (EFTs), digital wallets, mobile payments, and even cryptocurrencies. Issuing bank – The financial institution that issued the customers credit or debit card.

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Process Payment APIs and Integration Processors Online and Mobile Banking 88

Stax

DECEMBER 2, 2024

As a result, these laws would only prohibit credit card surcharging if the surcharge is mandatory and applied to all customers, no matter which payment method they choose. What should I look for in a payment technology partner?

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Junk Fees Credit Cards Push-to-Card Laws 68

Basis Theory

NOVEMBER 12, 2024

Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers. At Basis Theory, we encrypt and tokenize data, as well as offer APIs to administer the back-end processes (like key management and access policies) needed to govern both.

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Stax

JULY 7, 2025

You Can’t Opt Out of Credit Card Payments Opting out of credit card processing altogether is not a viable option. Competitive pricing: Surcharging lets business owners offer competitive pricing to customers who choose to pay with alternative methods, such as cash or debit card transactions.

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Fintech News

JUNE 5, 2025

From Singapores Smart Nation initiative to Australias Consumer Data Right (CDR) and Indonesias open banking ambitions, governments across the region are actively promoting digital transformation within the financial sector. This highlights the immense opportunity for growth as the country progresses with digital banking and payments adoption.

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Stax

MARCH 27, 2025

Digital wallets accounted for 50% of eCommerce purchases , while debit cards raked up 12% of total transactions last year. Clients only need to swipe a card at your point-of-sale (POS) terminal or enter their bank account number into your website (Initiation). Debit card transactions have an average interchange fee of $0.22

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The Payments Association

MARCH 19, 2025

According to Yaccarino, the partnership will allow for secure and instant funding to users X Wallet via Visa Direct, connecting to their debit cards and allowing for peer-to-peer payments. Sweden is a prime example, where digital payments have nearly replaced cash entirely. Regulatory challenges Regulators are in a race against time.

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Digital Payments Finance Online and Mobile Banking Payments 88

The Payments Association

JANUARY 21, 2025

Generational trends show younger users leading the adoption of digital wallets and stored credit cards, while older demographics continue to prefer traditional methods like bank transfers and debit cards, underscoring the need for inclusive payment solutions.

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EBizCharge

MAY 1, 2025

Credit card processing fees are the costs associated with card transactions that businesses must pay to accept and process credit or debit cards from customers. and can cover the costs associated with transferring funds between banks, fraud prevention, and compensating card networks, payment processors, and issuing banks.

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Finextra

JULY 3, 2025

It simply facilitates transactions by linking to your customers existing financial instruments, like bank accounts or credit/debit cards. Users can: Store card credentials securely Authenticate with biometrics Make fast, online, and contactless payments Access loyalty points, tickets, or IDs You’re not managing funds.

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Stax

NOVEMBER 14, 2024

Cardholder: The customer who owns the credit card being used for purchase. Card Association: Visa, Mastercard, American Express, and Discover. These are not banks, but rather governing bodies that set interchange rates, and arbitrate between acquiring and issuing banks. These cards average around 0.5% interchange–so 2.6%

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Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

EBizCharge

JUNE 18, 2025

Note the difference between a surcharge and similar fees: A surcharge is applied only to credit card payments to recover processing costs. A service fee is common in government or education sectors regardless of payment method. A surcharge is added only for credit cards to offset processing costs.

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EBizCharge

JUNE 19, 2025

Note the difference between a surcharge and similar fees: A surcharge is applied only to credit card payments to recover processing costs. A service fee is common in government or education sectors regardless of payment method. A convenience fee is charged for using an alternative payment method, like an online portal.

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EBizCharge

JUNE 30, 2025

These surcharges are credit cards only, which means they generally can’t be applied to debit or prepaid cards. The purpose behind surcharging is simple: offset the fees businesses pay to process credit cards. Surcharges are applied to credit cards only; surcharging is not applied to debit cards.”

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EBizCharge

JUNE 17, 2025

For example, if a school accepts checks but allows online credit card payments, they might charge a convenience fee for the extra option. Common Use Cases: Educational institutions Government agencies Utility companies Guidelines: Can apply to credit or debit cards depending on the situation. You can’t charge both.

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Clearly Payments

MAY 22, 2025

General Terms Merchant A business that accepts credit or debit card payments. Transaction A payment made using a card or digital wallet. Issuer (Issuing Bank) The issuing bank is the bank that gave the customer their credit or debit card. Debit Card A card that pulls money directly from a bank account.

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Finextra

JUNE 23, 2025

However – in a nod to preserving trust – the Act also forbids issuers from marketing these tokens in any way that implies government backing. For the US government, the play here is pretty simple: reaffirm the U.S. Governments might face tough choices: embrace U.S.

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EBizCharge

JUNE 12, 2025

A Canadian merchant account is a type of business bank account specifically designed for companies operating in Canada that need to accept credit and debit card payments. This gateway allows you to begin securely accepting credit and debit card payments right away. What is a Canadian merchant account?

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Finextra

JUNE 6, 2025

In order to develop the market, government agencies need to develop a legal status for BNPL players on the blockchain. International BNPL leaders such as Klarna, Affirm and Afterpay, in partnership with commercial banks, marketplaces, e-commerce shops and large retail chains, also offer debit cards to users.

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Payments Dive

JUNE 12, 2025

A whole-of-government approach is critically important to make a meaningful difference toward protecting the hardworking Americans we’re all working to serve,” Consumer Bankers Association CEO Lindsey Johnson said Wednesday in an emailed statement. Here’s why.

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Stax

NOVEMBER 13, 2024

ACH credit payments differ from ACH debit payments and both are distinct from credit and debit card payments. No chargeback risk – Unlike debit card payments, customers do not risk a chargeback when making an ACH credit payment. It allows businesses to control payment timing based on cash flow and due dates.

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The Paypers

JUNE 27, 2025

GiveCard is a platform created to help nonprofits and government agencies disburse and manage money. The partnership supports this transition, aiming to help the public sector become cashless and enabling secure ledger transfers at scale through prepaid debit cards and GiveCard-powered real-time bank transfers.

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The Fintech Times

JULY 9, 2025

Automating onboarding and risk checks can drive efficiency, but only if those systems are rigorously tested and properly governed. . “For other banks, particularly fast-growing fintechs, this should be a wake-up call. Growth must be matched by operational resilience.

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The Fintech Times

JULY 17, 2025

” Government spies? “One of the strangest barriers to digital banking that I’ve seen is the fear of government tracking. In other words, a lot of inclusion barriers are psychological or cultural, not just technological.

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FinTech Online and Mobile Banking Underserved Non-Bank 45

EBizCharge

JULY 1, 2025

Instead of absorbing the fees themselves, the business adds a clearly stated charge to the customer’s bill when they pay with a credit card. states (though not all), and there are specific rules governing its disclosure and calculation. It’s a way to preserve margins without raising prices across the board.

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Fintech News

JUNE 25, 2025

“From onboarding to a working credit or debit card in under three minutes.” “We’re held to the same risk and governance standards as any full-service bank,” said Dwaipayan. ” That line from Dwaipayan Sadhu, CEO of Trust Bank, stuck with me. That comes with responsibilities.

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Payments Dive

JULY 18, 2025

after years of decline, business and government are still dependent on checks. President Donald Trump is fueling the latest shift away from that inefficient paper product, mandating that federal government agencies toss aside the use of checks by the end of September. While only about 2.5%

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The Paypers

JUNE 18, 2025

The Government of Illinois has postponed the enforcement of a law that would prohibit banks from applying interchange fees to the tax and tip portions of credit and debit card transactions.

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Fintech Finance

SEPTEMBER 26, 2024

Building on its legacy of innovation, Hilton has unveiled the world’s first hotel debit cards in the UK: Hilton Honors Debit Card and Hilton Honors Plus Debit Card, in partnership with travel debit card platform Currensea. Currensea users saved almost £1.5m

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PYMNTS

JANUARY 8, 2021

Roughly 8 million stimulus check Visa debit cards are being mailed to households this week, the U.S. The Economic Impact Payment (EIP) cards were issued by MetaBank, N.A. Treasury Department said in a press release on Thursday (Jan. as part of the second round of COVID-19 stimulus money.

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PYMNTS

JULY 28, 2020

Consumers are also changing how they pay for their purchases, with a recent study finding that debit card spend was up 11.7 Consumers today are especially likely to use their debit cards for their eCommerce purchases or to make in-store purchases with mobile wallets, and card-not-present (CNP) transactions represented 43.1

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Fintech Finance

AUGUST 15, 2024

People are now able to support UK innovations across health, climate change and tech by simply spending on their debit card, with the new Science Card account and Mastercard debit card.

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