Fintech News

NOVEMBER 4, 2024

Payment giant Mastercard has unveiled “Pay Local,” a new service that allows travelers to use their existing credit or debit cards within popular Asian digital wallets. Announced ahead of the Singapore Fintech Festival , Pay Local allows consumers to link their Mastercard credit or debit cards to local digital wallets.

Visa 122

Visa Debit Card Card Issuer Issuers 122

Payments Source

OCTOBER 30, 2017

Certain prepaid debit card issuers who didn’t initially adopt EMV technology — because of a lower perceived security threat for these limited-use cards — are now going the EMV route.

Debit Card 60

Debit Card EMV Card Issuer Issuers 60

Payments Dive

FEBRUARY 16, 2023

Bank card issuers say there isn’t enough network competition to meet the July debit card routing rule deadline, adopting regulators’ argument to push back.

Rules 88

Rules Regulations Card Issuer Push-to-Card 88

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.

Debit Card 52

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. In 2019 issuers faced $4.2 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.

Debit Card 52

Debit Card Fraud Detection Issuers ATM 52

PYMNTS

OCTOBER 14, 2019

In an effort to grow usage of its Android smartphones in Brazil, Google has introduced a debit card payment program through Google Pay. Reuters is reporting that the company is making the move because many online retailers in Brazil only accept credit cards due to a preponderance of fraud. .

Debit Card 48

Debit Card PayPal Card Issuer Issuers 48

Payments Source

JUNE 2, 2019

While major card issuers such as Chase and Wells Fargo roll out NFC-enabled credit and debit cards incrementally, Bank of America is taking much more aggressive approach.

Push-to-Card 132

Push-to-Card Debit Card Card Issuer Issuers 132

Stax

DECEMBER 20, 2023

Set rate processing Subscription rate processing TL;DR Interchange fees are not collected by your payment processor or bank; they go directly to the card-issuing banks. Interchange fees vary significantly depending on the card issuer, the issuing bank, type of transaction and/or merchant type.

Credit Cards 167

Credit Cards Debit Card Processors Non-Bank 167

PYMNTS

OCTOBER 14, 2019

In an effort to grow usage of its Android smartphones in Brazil, Google has introduced a debit card payment program through Google Pay. Reuters is reporting that the company is making the move because many online retailers in Brazil only accept credit cards due to a preponderance of fraud. .

Debit Card 46

Debit Card PayPal Card Issuer Issuers 46

The Paypers

MARCH 12, 2018

(The Paypers) Wirecard has been selected by TransferWise , a UK-based international money transfer company, to issue a debit card, alongside its existing digital borderless account.

Debit Card 28

Debit Card Card Issuer Issuers Accounts 28

Fintech Finance

AUGUST 12, 2024

GoHenry by Acorns , a debit card and financial education app designed for 6-18 year olds, has announced a collaboration with Google Wallet to integrate GoHenry into the new Fitbit Ace LTE smartwatch for kids in the U.S.

Debit Card 80

Debit Card Card Issuer Issuers Finance 80

Stax

MARCH 14, 2024

A consumer using a chip and signature card will sign for the purchase. The signature is compared with the one on the back of the card or with the signature stored in the card issuer’s system. Currently, in the United States, most credit cards are chip and signature, while most debit cards are chip and PIN.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

PYMNTS

SEPTEMBER 8, 2017

A new study has found that the number of payment cards issued globally reached 14 billion last year and is predicted to rise to 17 billion by 2022, boosted by an increase in overall debit card issuance. For many, a debit card will normally be the first card they receive when they enter the banking system.

Debit Card 59

Debit Card Global Payments Credit Cards Issuers 59

Electronic Payments Coalition

FEBRUARY 28, 2024

WASHINGTON, DC — It’s been nearly 15 years since the Durbin Amendment imposed price caps and routing mandates on debit cards, financially burdening small businesses, while corporate mega-stores, like Walmart and Target, have accumulated substantial revenue gains.

Credit Cards 105

Credit Cards Card Issuer Debit Card Small Business 105

Tearsheet

FEBRUARY 7, 2024

This indicates a shift away from physical debit card usage toward using debit cards through digital wallets. 66% of Gen Z consumers, among others, are open to switching to digital service providers that offer new or enhanced digital wallet features beyond basic card payments.

Debit Card 119

Debit Card Online and Mobile Banking Non-Bank Credit Cards 119

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.

Debit Card 47

Debit Card Push-to-Card Fraud Prevention ATM 47

FICO

MARCH 29, 2017

If your plastic card is captured inside of an ATM, call your card issuer immediately to report it. Sometimes you may think that your card was captured by the ATM when in reality it was later retrieved by a criminal who staged its capture. Either way, you will need to arrange for a replacement card as soon as possible.

ATM 72

ATM Debit Card Compromise Card Issuer 72

Finovate

NOVEMBER 19, 2024

. “As of the end of last year, 60% of the physical cards in our network had been transitioned to paper-based materials, and we are well on our way to achieving our original goal of converting 75% by the end of this year. However, it is unlikely we will ever see paper credit or debit cards.

Visa 52

Visa Product Issuers Card Issuer 52

EBizCharge

AUGUST 12, 2024

When navigating the realm of credit card processing, it’s crucial to distinguish between merchant acquirers (acquiring banks), card issuers, and payment processors, as each plays a distinct role in the card transaction ecosystem. Card issuers are banks or financial institutions that issue credit cards to consumers.

Credit Cards 52

Credit Cards Acquirers Process Debit Card 52

CB Insights

JUNE 7, 2021

Corporate card providers : This year, Marqeta developed a credit card-issuing platform through a partnership with Deserve to power companies like Brex and Ramp , which leverage Marqeta’s technology to build their own credit card programs. . Digital banks : Square uses Marqeta for its cash app and merchant debit card. .

Issuers 73

Issuers Card Issuer Payment APIs and Integration Innovation 73

PYMNTS

DECEMBER 29, 2020

Consumers have more heavily leaned on debit during the pandemic, with the economic downturn making shoppers more cautious than ever about the prospect of taking on credit card debt. A recent study even estimates that shoppers could ultimately shift $100 billion worth of annual spending from credit cards to debit cards.

Debit Card 121

Debit Card Online and Mobile Banking Scams Card Issuer 121

Payments Source

MARCH 5, 2018

card issuers are adding contactless technology to credit and debit cards — but they are doing so in slow, small steps.

Card Issuer 77

Card Issuer Debit Card Issuers Technology 77

Fintech Finance

NOVEMBER 5, 2024

Ahead of the Singapore FinTech Festival, Mastercard today introduced Mastercard Pay Local, a global service that makes it easy for consumers to make card payments to merchants using local digital wallets. Card issuers can deliver more points of acceptance for the consumers they serve.

Visa 90

Visa Process Financial Inclusion SARS 90

PYMNTS

SEPTEMBER 30, 2020

The corporate card can have a home in the digital wallet thanks to collaborations and technology platforms designed for card issuers. Furthermore, the collaboration will grow the reach of Volopay’s cards, letting its corporate customers and their staffers make card payments wherever they conduct business around the globe.

Innovation 77

Innovation Card Issuer Debit Card PayPal 77

Payments Source

MARCH 21, 2016

Samsung is fond of using cash rewards to drive Samsung Pay signups, offering consumers $25 to $100 in recent months for enrolling a payment card in the handset maker's mobile wallet. But that strategy is not a fit for all card issuers, according to the fine print in the latest Samsung Pay promotion.

Debit Card 63

Debit Card Card Issuer Enrollments Issuers 63

Stax

JUNE 13, 2024

Are you looking to offer cash discounts to customers to incentivize them to use cash instead of credit or debit cards? A cash discount program can help your business reduce expenses on processing fees for card transactions, and there are guidelines you must follow to ensure you are implementing the program the right way.

Credit Cards 88

Credit Cards Card Issuer Legal Issuers 88

Payments Source

SEPTEMBER 13, 2016

New Orleans--As credit and debit card issuers start to see the benefits of EMV-chip card security, prepaid would seem to be the logical next step. But prepaid issuers remain unconvinced of the security benefits of EMV.

EMV 76

EMV Issuers Chip Cards Security 76

Payments Source

MAY 26, 2016

Citing a growing frustration with how the EMV transition has interfered with merchants' options for PIN debit transaction routing and authorization, the Merchant Advisory Group for the first time is asking federal auditors to examine the practices of some debit card issuers.

Card Issuer 79

Card Issuer Debit Transaction Debit Card EMV 79

PayHawk

APRIL 18, 2023

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Annual Percentage Rate (APR) The annual interest rate charged by a credit card issuer on outstanding balances.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Stax

AUGUST 20, 2024

3D Secure Authentication ensures that the person making the purchase is verified as the actual owner of the debit or credit card being used. When a customer attempts to make a purchase on your website using their credit or debit card, 3D Secure will prompt them for additional information to confirm their identity.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

PYMNTS

JULY 15, 2019

According to news earlier in the month, large credit card issuers in the United States reported lower delinquencies in May. Among the master trust portfolios of the six biggest card issuers, the average delinquency ratio fell to 1.43 In addition, the net charge-off rate was 2.79 percent for a three-month average.

Debit Card 49

Debit Card Online and Mobile Banking Card Issuer Credit Cards 49

PYMNTS

JUNE 4, 2020

Ondot Systems , a digital services platform for credit and debit card issuers, said it is partnering with Visa in a new program. The agreement enables cardholders to add Visa cards instantly to their digital wallets. Digital card use is one of the key drivers of card choice.

Card Issuer 53

Card Issuer Online and Mobile Banking Debit Card Issuers 53

Stax

JANUARY 10, 2024

The exact rate can vary based on several factors, including the type of card used (debit or credit), the card brand (Visa, MasterCard, etc.), In addition to generating revenue for the card network, the purpose of credit card transaction fees is to cover operational costs and risk management.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

PYMNTS

JULY 14, 2020

PYMNTS research has shown that approximately 40 percent of consumers would be very interested in downloading highly functional mobile card apps that can be used to manage multiple cards, track spending and issue transaction alerts, among many other features. There is an important underlying dimension to these findings, however.

Debit Card 78

Debit Card Consumer Credit Cards Card Issuer 78

The Fintech Times

AUGUST 29, 2024

While the following companies will help with Zero’s launch, the fintech intends to apply for a full UK bank licence to enable the launch of a range of sustainable lending products in the future.

Card Issuer 57

Card Issuer Debit Card Reconciliation FinTech 57

Stax

SEPTEMBER 17, 2024

These may include credit cards, debit cards, eChecks, and digital wallets (like Google Pay, Apple Pay, Amazon Pay, PayPal, Venmo, etc.). It’s an account or a payment processor solution that allows you to accept debit card and credit card payments from your customers in online and brick-and-mortar settings.

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 88

Payment Savvy

AUGUST 3, 2023

When you run any BIN number through a checking system, you end up with accurate information about the geolocation, card issuer, and card type. Since online banking systems have become more popular and virtual cards have become a norm, BIN numbers aren’t necessarily bank-issued. Why is there an 8-digit BIN number?

Issuers 98

Issuers Card Issuer Processors Credit Cards 98