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Debit cards face rising digital wallet competition

Payments Dive

Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D.

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Westpac starts offering debit cards to eight-year-olds

Finextra

Australian bank Westpac is now offering debit cards to children as young as eight in a move it says will help them hone their financial skills.

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Lunar and SAS partner for debit card

Finextra

Today Danish neobank Lunar debuted a debit card with Scandinavian Airlines (SAS) that allows users to gain and use EuroBonus points.

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Fed to review debit card fee cap next week

Payments Dive

The Fed hasn’t changed a debit card fee cap since it was put in place in 2011, but it's planning to take up the issue at a meeting next week.

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An Overview of Debit Cards, P2P Payments, and Digital Cash in 2024

Clearly Payments

Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. According to Visa, tokenized transactions accounted for 85% of all mobile debit transactions in North America in 2023.

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Fed bombarded by debit card fee commentary

Payments Dive

The Federal Reserve Board said it has received some 2,500 comment letters regarding its Regulation II proposal to cut the fees that merchants are charged when they accept debit cards.

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Zambia neobank Lupiya partners Network International for debit card

Finextra

Network International (Network), the leading enabler of digital commerce across Africa and the Middle East, has announced that Zambian fintech and neobank, Lupiya, has appointed Network as their digital payments technology partner to launch a new debit card.