Debit Cards

Looking to make debit cards more attractive to consumers by offering incentives that rival those found in credit card rewards and loyalty programs, Oxygen Inc., a San Francisco-based financial-services technology provider, on Wednesday introduced Elements, a tiered rewards and loyalty program for debit card holders. Rewards available through Elements include …

Plenty of reports since the onset of the Covid-19 pandemic have documented how consumers have responded by shifting to e-commerce—some for the first time—but few reports break out the impact on the mobile segment of that number. It turns out the pandemic has spurred considerable shopping by mobile-phone users, as …

Buy now, pay later specialist Afterpay Ltd. said it is now available through its app to customers of Amazon, CVS, Dell, Kroger, Macy’s, Nike, Target, Walgreen’s, and other major brands.EVO Payments Inc. has added automated clearing house processing to its PayFabric gateway. EVO’s ACH processing can be integrated into a merchant’s Web site …

The global shortage of semiconductors that has impacted myriad industries that use the chips, from automakers and electronics manufacturers to defense contractors and even soap manufacturers, is poised to affect payment card manufacturers, the Smart Payment Association announced Monday.  Bottlenecks in the chip card supply have become so acute that …

Payments provider E-Complish announced it acquired an outstanding interest in Regal Technologies LLC, which provide automated clearing house and other payment services.Payments provider Shift4 Payments Inc. said it will process transactions for BetMGM, an online gaming and sports-betting platform.Payments provider ACI Worldwide Inc. said it is working with the Foundation for California Community Colleges to …

Credit union service organization PSCU released its June edition of the PSCU Payments Index that found purchases made with debit cards in the entertainment category increased 236% in April over April 2020 and by 208% for credit cards.Cardtronics plc said CVS Health is enabling the ATM operator’s Allpoint network of surcharge-free ATMs at …

Continuing its strategy of enabling application developers to connect to its platform faster, Dwolla Inc. on Tuesday announced the addition of two new drop-in components. The first new component, called Create Beneficial Owners, enables developers to streamline the collection of information required by payments companies for verification of the accounts …

Consumers are increasingly turning to online banking as their only method of banking, says a recent study from J.D. Power. In 2020, the number of consumers that only bank online grew 11%. Overall, 41% of consumers in the United States are digital-only banking customers.   The online channel has also become a …

Bank of America Corp.’s decision to introduce fast payouts to consumer accounts globally brings a major financial institution into a market that is attracting increasing interest from an array of payments providers. Pressure for such services has grown more intense with the growth of the gig economy and recent needs …

With e-commerce sales booming, payments players are looking for combinations that can keep online customers engaged and add even more buyers to their ranks.  An example emerged Thursday morning as Shopify Inc. and Affirm Inc. announced Affirm’s buy now, pay later service is now available to “hundreds of thousands” of U.S. …