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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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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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Uber adds debit card, instant deposit for drivers

Payments Dive

Uber’s new debit card will provide drivers up to 10% cashback on gas, 12% on EV charging and instant pay after completion of a ride or delivery.

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Are digital wallets safer than debit cards?

Payments Dive

Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.

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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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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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Ex-TD employee charged in debit card case

Payments Dive

The former worker issued dozens of cards linked to accounts opened by another TD employee in the names of shell companies, and received bribes for that work, the Justice Department alleged.