Debit Cards

Some processors are ready to put the pandemic behind them, but FIS Inc. may have already done it. The big payments processor and banking-services provider early Tuesday reported its merchant revenue increased 15% year-over-year in the first quarter, a number that exceeded the company’s expectations, chief executive Gary Norcross told …

Buy now, pay later provider Afterpay said retailer Rite Aid now accepts the installment payment option online and intends to offer it in-store in coming months.MoneyGram International Inc. rebutted claims by the Consumer Financial Protection Bureau that the company is a “repeat offender” with respect to “consumer harm,” citing the fact that the …

Global Payments Inc. Monday morning reported continued recovery from the pandemic’s impact along with new developments the Atlanta-based company says will deepen its ventures in buy now, pay later, cryptocurrency, and support for banks overseas. Global chief executive Jeff Sloan also said the processor has exited its operations in Russia in …

The Clearing House Payments Co. LLC announced it will soon introduce tokenization for checking account and routing numbers on transactions financial institutions run over TCH’s RTP real-time payments and EPN automated clearing house networks.Of 80 mid-tier U.S. financial institutions surveyed by Volante Technologies, 37% of these not already connected to The Clearing …

A key business for international card companies is cross-border travel, which took a big hit with the onset of the Covid-19 pandemic early in 2020. But now it appears that business is staging a comeback. Mastercard Inc. reported Thursday its cross-border volume in March climbed above numbers last seen in …

Fiserv Inc. in recent years hasn’t been shy about entering new businesses, and now the company is preparing for an expansion of its stake in a market that has picked up considerable momentum in recent years: the data management that lies at the foundation of such operations as open banking. …

A year ago, you might have heard payments-network bigwigs complaining about the pandemic’s impact on revenues and volumes. Now, not so much. But, late Tuesday, Visa Inc. indicated it has been hit by a fresh development—Russia’s invasion of Ukraine. That war, which began Feb. 24, trimmed 4 percentage points off …

As the mass exodus of Ukrainian refugees fleeing their war-torn country continues, charitable organizations and businesses are finding new ways to provide support. Cryptocurrency exchange and blockchain-infrastructure provider Binance joined those efforts Tuesday, announcing the Binance Refugee Crypto Card. The Visa-branded debit card will allow displaced Ukrainians to make or …

Apple Inc. is switching its network affiliation for its Apple Pay Cash virtual debit card to Visa Inc. after more than four years of issuing the card on the Discover Network. Information about the rationale for the move was not immediately available as the news emerged late last week on …

With consumers—and criminals—flocking to e-commerce, card issuers and merchants are not only experiencing a significant increase in fraud, but also in so-called friendly fraud committed by cardholders who dispute legitimate purchases after the fact. As a result, merchants’ need for stronger cardholder verification tools is growing. To address that need, …