debit

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

(source: en.wikipedia.org)

Thredd’s McCarthy Gets Down to the Business of FinTech
Thredd’s McCarthy Gets Down to the Business of FinTech
May 29, 2024  |  Payments Innovation

Defining “payments modernization” is no easy task. If you asked 10 different payments executives to define it, you might get 10 different answers. But for...

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New Legislation Could Exempt Banks From Durbin’s Debit Fee Cap Impact
New Legislation Could Exempt Banks From Durbin’s Debit Fee Cap Impact
May 21, 2024  |  Banking

For banks eyeing the impact of the Durbin Amendment — and the prospect of debit interchange caps — there might be some relief coming from Congress. A bill that was approved...

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From AI to Mobile Devices: Technology Reimagines Debit and Credit Cards
From AI to Mobile Devices: Technology Reimagines Debit and Credit Cards
May 16, 2024  |  Mobile Wallets

The modern credit card’s history stretches back to just after World War II, when the Charg-It card came out of Brooklyn, tied to a single bank. Account...

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Retail Shoppers Pay by Debit Card in Stores but by Credit Online
Retail Shoppers Pay by Debit Card in Stores but by Credit Online
May 08, 2024  |  Payment Methods

When shopping in stores, retail customers prefer to pay with debit, but eCommerce is a different story. By the Numbers According to an October survey of...

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39% of Middle-Income Card Holders Unfamiliar With Card-Linked Offers
39% of Middle-Income Card Holders Unfamiliar With Card-Linked Offers
May 07, 2024  |  Loyalty & Rewards

Once card holders are made aware of how they can earn rewards by using their credit and debit cards to pay for goods and services,...

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Payment Networks Spotlight Rise of Tokenization and Contactless Payments
Payment Networks Spotlight Rise of Tokenization and Contactless Payments
May 02, 2024  |  Payments Innovation

Four years ago, the pandemic began to give wings to contactless payments. Now, as shown by earnings results from the likes of Mastercard and Visa, the payment methodology has...

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PSCU Teams With Aloha Credit Union for Card Processing
PSCU Teams With Aloha Credit Union for Card Processing
May 01, 2024  |  Partnerships

PSCU/Co-op Solutions teamed up with Aloha Pacific Federal Credit Union (APFCU). The partnership will see the payments credit union service organization (CUSO) help Hawaii-based APFCU provide credit and debit card processing...

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PayPal Sees Jump in Transactions Per Account as Fastlane Checkout Boosts Conversions
PayPal Sees Jump in Transactions Per Account as Fastlane Checkout Boosts Conversions
April 30, 2024  |  Earnings

PayPal’s transactions per active account grew by double digits in the latest quarter, and debit spending boosted results, while easier, faster checkout boosted conversions. Total...

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SoFi Deposits Grow 16% Over Last Year Amid ‘Cross-Buy’ Opportunities
SoFi Deposits Grow 16% Over Last Year Amid ‘Cross-Buy’ Opportunities
April 29, 2024  |  Earnings

SoFi Technologies’ latest quarterly earnings results released Monday (April 29) showed a surge in direct deposit activity — and that more customers are using SoFi Money accounts for those...

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