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Klarna Unveils New Debit Card Powered by Marqeta

Finovate

Klarna and Marqeta are launching a new debit card powered by Visa Flexible Credential (VFC), allowing users to pay now or later with the same card. The Klarna Card marks a shift from BNPL-only into mainstream payments, which supports consumers’ demand for flexible, app-connected spending tools.

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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

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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Emerging Markets-Focused Fintech Platform PalmPay Unveils New Debit Card in Nigeria with Verve

Fintech Finance

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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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Global Usage : Credit cards represented 20% of global e-commerce transactions in 2023, a number projected to decline slightly as digital wallets grow in popularity. Regional Penetration : In North America, over 70% of online purchases are made via credit cards, while only 10% of European consumers prefer this method.

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Debit Card Surcharging: Is It Legal?

EBizCharge

If you’ve ever wondered whether it’s legal to add a surcharge when someone pays with a debit card, you’re not alone. No, debit card surcharging isn’t legal in the U.S. The rules behind it come from a mix of card network policies, federal law, and state regulations. Can you surcharge a debit card?

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Minimum Charge for Credit Card Purchase

Cardfellow

It is acceptable for you to set a minimum charge on credit card purchases as long as you abide by the stipulations as set forth in your processing agreement with Visa, Mastercard and Discover. Typically, this includes applying the same minimum to all card brands. Debit cards: No. Government Printing Office.

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How are Interchange Fees Calculated?

Stax

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. Credit card companies also use them to fund rewards programs.