Debit Cards

Stripe Inc. announced late Wednesday it is partnering with Spade, a provider of real-time merchant intelligence for card issuers, to provide issuers on the Stripe platform with data to verify a merchant’s identity during the authorization process. Spade provides information such as merchant name, category, and geolocation within 50 milliseconds. …

Identity and verification services firm AU10TIX released its “2024 Report on Global Identity Fraud” that found 54% of attacks in the first quarter were against the payments sector but declined to 43% by the fourth quarter because of tougher law enforcement. Euronet Worldwide Inc., a U.S.-based processor operating in Europe, said that …

U.S. District Court Judge Virginia Kendell extended the injunction against Illinois’s pending interchange law late Thursday to include more financial institutions but stopped short of providing blanket relief from the law for all financial institutions and the card networks. Kendall, a judge in the Northern District of Illinois, ruled that …

Payments platform Checkbook said its users can now deposit funds in real time through Visa Direct to fund bank accounts connected to more than 4 billion debit cards. Merchant’s Pact, a provider of payments services for banks, said an integration with Q2 Holdings Inc.’s digital-banking service will allow banks to offer an …

Leveraging tie-ins with sister companies to facilitate payments and converting fiat currency to cryptocurrency are some of the possibilities that lay ahead for XMoney, the digital wallet from social-media platform X, in the wake of its partnership with Visa Inc. Enabling Tesla charging stations to accept the wallet is an …

Payment processor Moov Financial Inc. will process payments for a particularly high-profile enterprise, the Truth Social platform and Truth+ video streaming service, both owned by President Trump’s Trump Media and Technology Group Corp. Announced Monday, the deal includes credit card, debit card, and ACH acceptance. Moov says the deal will …

The Clearing House Payments Co.’s Real Time Payments Network said it passed 1 billion cumulative payments on Friday. The network, operated by TCH since 2017, also set single-day records Friday for number of payments, at 1,592,419, and value, at $1.44 billion. New York City-based TCH is owned by 20 large commercial banks. President Donald …

Continuing its focus on developing consumer payments, tapping new business flows, and providing value-added services, Visa Inc. late Thursday posted a strong start to its 2025 fiscal year. Speaking to equity analysts, Visa chief executive Ryan McInerney highlighted Visa’s recent deal with X, formerly Twitter, to power the social-media platform’s …

In reconnecting with the payments industry after my Congressional run, one topic has come up in conversation more than any other: interchange regulations. Specifically, S.1838, the Credit Card Competition Act of 2023 (CCCA), which takes a market-driven approach to driving down interchange fees.  By enabling two credit card networks on …

The pending $35.3-billion merger of Capital One and Discover has concentrated minds in the payments industry for nearly a year, but perhaps nowhere so much as at Mastercard Inc. That became apparent early Thursday as equity analysts quizzed the card network’s top brass about the combination’s potential impact on Mastercard, …