Debit Cards

The Federal Trade Commission has launched a probe into whether security tokens issued by Visa Inc. and Mastercard Inc. interfere with the ability of processors to route debit card transactions to alternative networks, according to The Wall Street Journal. Network choice for debit card transactions is mandated by the Durbin Amendment to the 2011 …

Dan R. Henry, who took over as chief executive and president, from Green Dot Corp. founder Steven Streit in March 2020, is out. Green Dot announced Monday Henry, who previously held executive positions at Euronet Worldwide and Netspend, was “terminated” Oct. 14. That’s when Austin, Texas-based Green Dot named George …

Fintech app Karma launched Pay with Karma, an embedded checkout service that enables for consumers a simplified purchase experience across different retailers with multiple payment options.Ammo Inc., owner of GunBroker.com, an online marketplace for the firearms and shooting-sports industry, said it will launch a proprietary payment-processing platform on or about Jan. 1.Mastercard …

PayPal Holdings Inc. early Tuesday said it is making its new Zettle Terminal available to U.S. merchants generally following a rollout in Europe last year. The $199 device represents the e-commerce payments giant’s latest thrust into physical shops and restaurants and builds on technology acquired when it paid $2.2 billion …

Retailer Hollister Co. announced Share2Pay, a payment option that enables consumers to share their digital shopping bag with their purchaser, such as a parent or grandparent, to complete the purchase. Developed in-house, the service, in testing, found that customers who shared their bags placed orders at almost twice the rate of other …

Electronic Verification Systems, a provider of identity- and age-verification solutions, early Monday announced the launch of AssurePay, a credit card-verification platform that EVS says authenticates consumer credit card information at the beginning of the payment process, instead of while the card data is being held for processing. To validate a …

With Halloween two weeks away, it’s time to start looking at the 2022 holiday shopping season and its potential impact on retailers and their payments volumes. E-commerce powerhouse Adobe Inc. is forecasting $209.7 billion in U.S. online holiday shopping purchases, up 2.5% from $204.5 billion in the Nov. 1 through …

Mastercard Inc. said it has approved the first cards for issuers that will work with new contactless specifications from the international standards body EMVCo aimed at defeating attacks from both traditional and quantum computers.In related news, Mastercard launched Global Treasury Intelligence, an analytics platform for businesses.Bank of America said its Pay by Bank service can now …

One of the ways cryptocurrency is becoming more familiar to consumers and merchants is through debit cards backed by crypto holdings. The latest development in this trend came to light early Friday with an announcement that the crypto exchange FTX.com will offer Visa-branded debit cards around the world. A launch …

It’s a fact of the payments world that fraudsters are adept at watching and following consumer behavior to maintain their criminal revenue flow. Just as consumers have returned to shopping in stores, criminals have returned to the point-of-sale, albeit without neglecting their online activities. That’s the summation from Visa Inc., …