In the U.S., #debit #cards are the most popular method of #payment, so it’s not surprising that many fintechs are trying to enter the debit card market. For #companies focused on P2P payments such as PayPal, Venmo (owned by PayPal), Square, and savings apps like Acorns or Money Lion, the leap into the debit card business is easier, […]
Bank Innovation
U.K. neobank #Starling is in a mood to switch things up, at least on the design front. Last week, Starling unveiled changes to the payments screen on its mobile app and today it unveiled a new #debit #card. For starters, the new debit card is not purple, Starling’s signature color. Instead it&8217;s teal and navy […]
Bank Innovation
With the #acquisition of Acculynk #First #Data has another tool to offer ecommerce merchants looking to route #debit transactions cost-effectively.
Financial Technology
The Durbin Amendment to the Dodd-Frank legislation largely did way with #debit reward programs (pour one out for PerkStreet.) Dodd-Frank is now under assault from all quarters in Washington, but looking fairly strongly entrenched. Still, debit #rewards programs are making a #comeback with the release of GoBank‘s #Uber #Visa debit #card, announced today. The GoBank […]
Bank Innovation
Holiday shopping is an attractive season for online #fraud, but sophisticated software can allow merchants to accept most transactions.
Financial Technology
British neobank #Monzo has reinstated a popular #feature for its current account, #debit top-ups via card, Android and Apple Pay, but warned customers that the feature may not be “sustainable” for the bank. In a statement on the Monzo blog posted today, the bank noted that it had brought #back the debit top-up feature — […]
Bank Innovation
EXCLUSIVE—Is the end of #credit, #debit #cards drawing near? Financial service firm #Fiserv #says, no. “Physical cards, they’re not going anywhere,” Sharon Pazlar, director of output solutions for Fiserv told Bank Innovation. “As much as mobile has bloomed, especially with the efficiency of mobile and online banking, the #banks have to facilitate payment with whatever […]
Bank Innovation
#Mobile #wallets may be all the buzz, but #debit cards were still the most popular of payment method in the U.S. in 2016, according to a recent report by PULSE. According to the 2017 Debit Issuer Study released earlier this week, debit #card transactions were at a record high in 2016, with 23.6 transactions per […]
Bank Innovation
Will giving customers more direct #control #over their #debit cards #stop #fraud? #Barclays is optimistic. Barclays customers now have the ability to shut the remote spending (online or mobile) function of their debit #card, the bank announced today. Barclays bets the feature will help halt card fraud; about 25% of the U.K. population has experienced fraud […]
Bank Innovation
Consumers are clinging to their physical cards, and #Wells #Fargo #customers especially. Wells Fargo customers were the #largest #users of #debit and pre-paid cards in the U.S. in 2016, according to Nilson Report, released last week. The report logs the top debit card issuers in the country by purchase volume, which was up 6.7% for 2016, compared to the […]
Bank Innovation
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