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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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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PYMNTS

OCTOBER 20, 2016

million debit cards in India will either have their security codes changed or their cards swapped out wholesale due to concerns that the data may have been breached in one of the nation’s biggest security incidents ever. million cards, the majority are on the Visa or Mastercard platform — 2.65 As many as 3.25

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Payments Dive

SEPTEMBER 18, 2024

Regulators should assume, as a default, that customers have not agreed to coverage and fees unless banks can provide signed agreements or recorded conversations, the agency said in a policy reminder.

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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.

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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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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. Plus, Uber plans to cut 3,000 more jobs. Amazon Eyes JCPenney Buy.

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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. Globally, the European ATM Security Team reported a 19% increase in ATM-related fraud attacks from 2014 to 2015.

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PYMNTS

JUNE 25, 2019

Bank of America (BofA) announced on Tuesday (June 25) that it’s launching a digital debit card, according to a release by the company. This digital debit card has the same protections and benefits of a physical debit card and is immediately available to use in the mobile app.

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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

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PYMNTS

AUGUST 27, 2019

but my wife and I weren’t carrying cash as frequently as we used to because we were making all of our purchases with our debit cards and credit cards. ,” Sheehan said. That created an awful lot of last-minute, late-night trips to an ATM. “I have four kids so there were many times when one of our kids needed money (e.g.,

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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.”

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PYMNTS

MAY 18, 2020

The weekly report showed that overall credit card spending was down 17 percent, while overall debit card spend was higher by 12.3 The average debit card purchase amount rose 19.9 percent year over year, and the volume of overall debit transactions grew for the sixth consecutive week. percent year over year.

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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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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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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. .

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Fintech News

AUGUST 12, 2024

With the NETS SoftPOS app, which is available on the Google Play Store, merchants can accept payments via cards, QR codes, and mobile payment methods.

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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

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Fintech Finance

DECEMBER 12, 2023

The cards are designed for managing company funds and bring a number of privileges to customers, such as: Attractive cash back; Travel insurance with comfortable coverage when traveling abroad; Exclusive services and other benefits. The cards can be issued to the manager of the specific company and to persons authorized by the company.

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PYMNTS

DECEMBER 2, 2020

Virtual card numbers can’t be copied, and their spend controls make overspending or unauthorized spending “virtually” impossible. For these and other reasons, virtual cards are suddenly hot, as Kelley Knutson, president of prepaid debit card provider Netspend, told PYMNTS. Safety In The Virtual World.

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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.

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M2P Fintech

JULY 28, 2023

Debit cards are pivotal to a bank’s digital payment mix. In India, the number of debit cards in circulation is projected to witness a steady increase of 84.6 million cards by 2028. The total number of debit cards is anticipated to reach an impressive 1 billion*.

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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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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.

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PYMNTS

NOVEMBER 2, 2020

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Ternio’s BlockCard Teams With P2P Bitcoin Marketplace Paxful for Crypto Debit Card.

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Fintech Finance

DECEMBER 5, 2024

The Premier Mastercard suite will enable customers to safely and conveniently make online payments, transact at physical stores, and withdraw cash from Premier Bank ATMs across the country. The post Premier Bank and Mastercard Launch Shari’ah Compliant Payment Solutions in Kenya appeared first on FF News | Fintech Finance.

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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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Payments Source

SEPTEMBER 25, 2018

Fiserv will buy the business, once known as Elan ATM and Debit Processing, for $690 million.

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PYMNTS

JANUARY 11, 2021

financial services license, while Capital One has agreed to join Fiserv’s surcharge-free MoneyPass ATM network. Capital One Joins Fiserv’s MoneyPass ATM Network. Capital One has signed on to become part of Fiserv's surcharge-free MoneyPass ATM network. Plus, the Reserve Bank of New Zealand revealed on Sunday (Jan.

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PYMNTS

DECEMBER 10, 2019

Cash withdrawals are free at more than 55,000 Allpoint designated ATMs and customers also get two free out-of-network withdrawals per month. N26 partners with Axos Bank to offer a Visa debit card and FDIC-insured checking account. All accounts also come with Spaces, which gives users the ability to organize financial goals.

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PYMNTS

JUNE 22, 2018

Due to a recent outage, some Bank of Ireland customers were unable to use their debit cards. The bank reported that approximately one in seven customers were unable to use their Visa cards at point-of-sale (POS) terminals, according to news from Independent.ie. The news comes as Visa customers in parts of the U.K.

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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. A user saving up for vacation or another big ticket purchase can now do so with Qapital’s debit card.

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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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Payments Source

APRIL 14, 2019

As major payments M&A deals mount, some free agents are awaiting deals of their own — and one area where that’s most apparent is in debit and ATM networks.

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PYMNTS

NOVEMBER 19, 2020

Citi Plex account holders will receive a debit Mastercard, an auto provisioned instant digital debit card. Upon request, people can opt for a contactless-enabled, physical debit Mastercard with access to 60,000-plus fee-free ATMs. .

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Payments Source

SEPTEMBER 7, 2017

to allow its customers to make contactless payments with their credit or debit cards through connected devices. The bank is also working with Fit Pay Inc.

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Stax

MARCH 14, 2024

Currently, in the United States, most credit cards are chip and signature, while most debit cards are chip and PIN. Like magnetic strip credit cards, you sign for a purchase when using a chip credit card. When using a chip debit card, you enter a PIN just as you did with your magnetic strip debit card.

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