Tuesday , March 18, 2025

Debit Cards

Credit and Debit Travel Faves and other Digital Transactions News briefs from 11/25/24

Some 79% of airline passengers globally use debit and credit cards for all or most airline travel, but digital wallets and instant payments are gaining ground, according to “Online Airline Booking Insights 2024,” a report from ResearchAndMarkets.com. Some 72% of passengers book most of their trips online. Nearly two-thirds of U.S. …

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With Work, Many Merchants Could Be Compliant with New Click to Cancel Rule

Consumers irked by the difficulty of unenrolling from some subscription services will gain relief May 14, when merchants must be compliant with the Federal Trade Commission’s revised Negative Option Role, otherwise known as click to cancel. Merchants, however, have a lot of work between now and then. The rule, which …

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Click to Cancel Effective Jan. 14 and other Digital Transactions News briefs from 11/21/24

The Federal Trade Commission said its Negative Option rule, also known as click to cancel, goes into effect Jan. 14, and regulated entities must be compliant by May 14. The measure obliges entities that offer subscription services to make unenrollment as easy as the enrollment process. Airline and travel payments specialist CellPoint Digital raised $30 …

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58% of Spending Made with Debit Cards and other Digital Transactions News briefs from 11/19/24

Debit cards not using prepaid funds accounted for 58% of U.S. card spending in 2022, the Atlanta Fed noted in a review of a Federal Reserve Payments Study released last week. Credit cards were used for 36% of payments and 6% of payments were made with prepaid debit cards. Cantaloupe Inc. will serve as …

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PayPal Dives into Shared Funding Efforts

PayPal Holdings Inc. is hoping to enable the power of community with a new funding service that enables multiple individuals to contribute to one account. Dubbed a “pool” by PayPal, the service means contributors can chip in to pay for group gifts, travel, special events, and other shared expenses. Announced …

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Visa Credential Tech Coming to U.S. and other Digital Transactions News briefs from 11/12/24

Visa Inc. announced it is bringing its Visa Flexible Credential to the U.S. market, starting with Affirm Inc.’s Affirm Card, a debit card that supports buy now, pay later functionality. The network simultaneously is launching the technology in the United Arab Emirates. The flexible credential technology enables users to make payments from a …

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Blackhawk Network Launches Digital Cards With Its Visa And Mastercard Branded e-Gift Products

The Blackhawk Network has entered the digital card space with the launch of Visa- and Mastercard-branded e-gift cards that can be used in-store and online. The launch builds on consumers’ growing preferences for QR-code and tap-to-pay technology, the prepaid card company says, as both technologies help streamline the payment process …

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Strong Growth in Card Sales and Services Boost CPI’s Top Line

Net sales for payment card producer CPI Card Group Inc. jumped 18% in the third quarter as card issuers boosted orders for credit, debit and prepaid cards and CPI’s services offerings. It was the second straight quarter of sales increases for Littleton, Colo.-based CPI following 7% decreases in the first …

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How Embedded Finance Programs Are Finding New Outlets

Talk of embedded finance, the marrying of financial services with unrelated applications for businesses, threaded through the Money 20/20 conference this week in Las Vegas, as fintechs and financial institutions devise initiatives that extend beyond simple credit and debit card acceptance. Among the latest of these is Shopify Finance, a …

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Mastercard Looks for Growth Across a Widening Field

Mastercard Inc.’s top management on Thursday made it plain its ambitions for the card payments company have widened dramatically in recent months as the network looks for expansion in such areas as open banking, cybersecurity, tokenization, and consulting for merchants. It’s also eyeing its opportunities in the massive China market, …

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Digital Transactions