PYMNTS

MAY 8, 2020

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. Contactless mobile payments are growing worldwide, but the U.S. has seen slow adoption compared to other regions. That number was about 25 percent for U.S. smartphone users. .

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Debit Card Contactless Payments Mobile Payments Payments Tools 92

The Paypers

AUGUST 2, 2022

US-based ridesharing company Uber has launched a driver debit card in tandem with a checking account in a bid to expand its workforce.

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PYMNTS

JANUARY 23, 2020

The partnership starts with the SoFi Money debit card, an offering that will exist exclusively on the Mastercard network. SoFi’s card will provide an additional way for customers to spend with their SoFi Money cash management accounts.

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Debit Card Visa Product Cash Management 91

Stax

MARCH 27, 2025

Checks can bounce, and cash can get lost. EFT and ACH offer more security and convenience than cash and checks, but they also come with limitations. No cash or checks needed. Digital wallets accounted for 50% of eCommerce purchases , while debit cards raked up 12% of total transactions last year.

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Stax

APRIL 10, 2025

TL;DR You get to choose from traditional payment methods like cash and checks, online payment methods like digital wallets and ACH transfers, and emerging payment methods like BNPL services and cryptocurrencies. Well highlight the pros and cons of each payment medium to help you narrow down the right options for your company.

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Clearly Payments

JANUARY 14, 2025

Credit and Debit Cards The majority of businesses we spoke with accept both credit and debit cards. Many pointed out that people are used to paying by card because its quick, easy, and widely accepted. Many also accept credit cards, but they often focus on cost-effective methods to handle large sums of money.

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Online and Mobile Banking Processors Payments Debit Card 105

PYMNTS

OCTOBER 12, 2020

A new checking account from Chase will aid children in getting a head start on banking, a press release says. With Chase First Banking, built in collaboration with Greenlight, parents and kids will be able to work on managing allowances, check off chores and look at spending, the release says.

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Checks Accounts Financial Literacy Debit Card 101

Clearly Payments

NOVEMBER 13, 2024

In payment processing, one component of the payment processing tech stack involving credit or debit cards is the Bank Identification Number or BIN. For instance, it indicates the issuing bank, card type (credit, debit, or prepaid), and sometimes the country of issuance.

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Stax

NOVEMBER 11, 2024

ACH payments use the same information as a paper check , but with additional benefits which have been diverting users away from traditional check writing. Here, we’ll discuss the main differences between ACH and check payments and the business benefits of accepting this form of payment.

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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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Stax

JANUARY 21, 2025

They no longer handle cash and checks. Credit and debit cards, digital wallets , ACH transfers , and other digital payments have become the norm. Opt for gateways that support diverse payment options like credit/debit cards, digital wallets, and international payments to accommodate customer preferences.

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Stax

DECEMBER 12, 2024

To choose a merchant service provider, compare pricing structures, review contract terms, check system compatibility, and prioritize responsive customer support. Check its scalability and security capabilities too to support your future growth. Check processing. It can also help minimize errors and risks of bounced checks.

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Small Business Online and Mobile Banking Volume Checks 88

The Fintech Times

AUGUST 21, 2024

The Singaporean national bank, DBS , has launched its first multi-currency commercial debit card following a new partnership with Visa. The new card, the DBS Business Advance+ Card (BAC+), has been created with the intent of enabling organisations greater digital possibilities.

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Payment Savvy

JULY 3, 2024

Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Every merchant should prioritize taking the time to understand debit card processing to streamline operations and enhance customer satisfaction.

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PYMNTS

MARCH 26, 2020

If ever there was a time to kill the check, that time would be now. The remaining tens of millions, those who do not have direct deposit payment information on file with the IRS … will have to wait for the proverbial (paper) check in the mail. They steal checks. That’s about 70 million Americans. So the fraud goes up, not down.

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Payment Savvy

JULY 3, 2024

Understanding debit card processing fees is important for any business that takes card payments. What Are Debit Card Processing Fees? Debit card processing fees are charges that businesses must pay every time they accept a debit card payment.

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Debit Card Process Debit Transaction Processors 52

Stax

MARCH 6, 2025

Card emulation. This technology turns any NFC-enabled smartphone, smartwatch, or wearable into a contactless credit or debit card. Use case: Customers with mobile wallets like Apple Pay, Google Pay, or Samsung Pay can tap their NFC-enabled device on a terminal to pay as if using a physical card.

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Contactless Payments Online and Mobile Banking Encryption CHIPS 88

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% Cost Range: Often $0.01$0.10

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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

Stax

MARCH 4, 2025

Talk to sales Understanding credit card payment integration Credit card payment integration is when a merchants point-of-sale system (for in-store sales) or website (for eCommerce sales) is integrated with a payment processor for seamless transactions. Consider the variety of payment methods the gateway accommodates.

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PYMNTS

JUNE 12, 2020

Trillions of dollars in federal COVID-19 stimulus payments are being disbursed through paper checks, prepaid debit cards and direct deposit

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Payments Source

MARCH 5, 2020

As part of its financial inclusion campaign, Mastercard has partnered with Moneytrans to launch remittance-linked checking for migrant workers with a goal of obtaining 1 million users by 2025.

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Payments Dive

APRIL 11, 2022

With the launch of its new checking service, American Express aims to expand its relationship with cardmembers — and not miss out on attracting consumers drawn to debit cards.

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Stax

NOVEMBER 21, 2024

Whether you are starting a new online store or looking to grow your existing brick-and-mortar small business, you must make provisions for accepting credit card payments. A study by the Federal Reserve Bank of San Francisco showed that credit cards account for 31% of all payments, significantly more than cash at 18%, and debit cards at 29%.

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Clearly Payments

NOVEMBER 6, 2024

Issuing Bank (Cardholder’s Bank) : The issuer is the financial institution that provides the consumer with a payment card (credit, debit, or prepaid). When a transaction request is routed to the issuer, it verifies the cardholder’s credentials, checks for sufficient funds or credit, and approves or declines the transaction.

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Stax

JULY 9, 2024

From a consumer’s perspective, that means any transaction that doesn’t need a physical credit card, debit card, prepaid cards, or checks. Digital payments feature a multitude of benefits including: Digital payments streamline transactions by eliminating the need for physical handling of cash or checks.

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Digital Payments Online and Mobile Banking Contactless Payments Payments 163

The Fintech Times

SEPTEMBER 10, 2024

AI continues to be a hot topic in the fintech world with Polly, Tom and Francis discussing how Klarna’s continued use of the technology is on track to replace half its workforce.

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The Nilson Report

JULY 12, 2024

The post Discover Launches Balance+ for Fee-Free Overdraft Protection on Debit Cards appeared first on Nilson Report.

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Clearly Payments

FEBRUARY 10, 2025

Card Networks Companies like Visa, Mastercard, and American Express ( credit card networks ) that set processing rules and fees. The Costs You Dont See One of the biggest surprises for small businesses is the actual cost of accepting credit and debit cards. per transaction. Here’s an overview of interchange fees.

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Tearsheet

NOVEMBER 17, 2023

When The Rock and Acorns meet, you get… a Mighty Oak debit card. Created in collaboration with Dwayne Johnson, the metal card is the fintech’s latest product offering encouraging customers to invest and save. Not every debit card gets announced on the longest running talk show on TV.

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Stax

APRIL 17, 2025

If the customer prefers credit/debit card payments, the cashier selects that payment option in the POS and prompts the customer to tap, swipe, or dip their card using the card reader. Check for multi-store inventory syncing to ensure store levels are automatically updated across all stores in real-time.

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Online and Mobile Banking CRM Point-of-Sale (POS) Debit Card 88

Clearly Payments

APRIL 25, 2024

Named after its chief advocate, Senator Richard Durbin , this legislative moved was designed to fix the increasing interchange fees charged by banks for debit card transactions. Prior to the Durbin Amendment, merchants would typically see debit card fees as 2% plus $0.40 ISO or aggregator). per transaction.

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Fintech Finance

SEPTEMBER 5, 2024

For example, if a customer selects Restaurant as their monthly category, they’ll receive 5% cash back and another 10% cash back [for a total of 15%] if they save a deal from DoorDash in the PayPal app, which will be automatically applied when checking out with PayPal online. A physical debit card can be requested at no cost.

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Fintech Finance

JULY 17, 2024

based domestic flights, allowing travelers to pay simply and easily with contactless credit cards credit and debit cards, Apple Pay and other digital wallets. With Tap to Pay on iPhone, Delta Air Lines passengers can choose to pay with their contactless credit or debit card, iPhone or Apple Watch, or other digital wallet.

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Clearly Payments

MARCH 31, 2025

81% of small businesses accept credit and debit cards, while 37% accept digital wallets such as Apple Pay and Google Pay. A study by Mercator Advisory Group indicated that, on average, card payments accounted for 50% of total sales in U.S. small businesses, cash for 36.4%, and checks for 30.1%. In the U.S.,

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Small Business Electronic Funds Transfer (EFT) Credit Cards Payments 59

Payments Dive

MARCH 18, 2022

Merchant trade groups that sued the Federal Reserve Board in federal court last year over what they alleged was the central bank's failure to keep debit card fees in check had their case dismissed this week. They said they'll appeal the ruling.

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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. Guaranteed – Unlike paper checks, ACH credit payments are guaranteed by the customer’s bank account. Visibility – Customers can track the progress of their ACH credit payments online.

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