Debit Cards

With his eponymous Durbin Amendment, passed into law just over a decade ago, Illinois’s senior senator intended to hurt large banks, along with Visa and Mastercard. The text, however, couldn’t be as expressly punitive as Durbin might have liked. He would likely have preferred capping debit interchange and network acquirer …

Consumer usage of buy now, pay later has increased significantly over the last couple of years. Research from Auriemma Consulting Group Inc. reveals the number of debit card holders offered a BNPL option in-store or online increased more than 10 percentage points between the first quarter of 2019 and the …

U.S. retail sales increased 11% in June from June 2020, according to the latest Mastercard Inc. SpendingPulse report. They were up 10.4% compared to June 2019. E-commerce sales increased 8.3% year-over-year and were up 95% over June 2019.Payments provider Paysafe Ltd. launched a program that lets travel businesses accepting consumer payments to use a …

As consumers return to physical stores, Splitit USA Inc., a buy now, pay later provider, announced it is making its service available in-store and including availability with Apple Pay and Google Pay.Fly Now Pay Later, a United Kingdom-based fintech, announced a deal with Cross River Bank in New Jersey that will …

As part of its goal to provide unbanked and underbanked consumers affordable digital access to financial services through a single application, BlocPal International Inc. has partnered with OneFeather, a Victoria, British Columbia-based provider of digital services to indigenous people in Canada, to introduce the OneFeather app in that country. The …

PayPal Holdings Inc.’s decision to bring its Zettle point-of-sale technology to the U.S. market may not surprise observers, but the move presents some formidable challenges, chiefly in the form of the existing competition, some observers say. At the same time, they add, Zettle brings a potent brand that fills a …

ParkMobile LLC Thursday expanded its partnership with parking-lot operator The Car Park to Raleigh, Asheville, and Boone, North Carolina. Previously, The Car Park worked with another payment provider in those cities. The deal also builds on an existing relationship The Car Park has with ParkMobile in Tampa, Boise, Estes Park, …

If there’s a software need for your business—accounting, payroll management, lease portfolio management, and the like— then it’s likely your business is working with several different vendors at any given point during the working day. All the vendors you are working with won’t always be obvious, particularly if you’re working …

Fifteen months after suspending its popular Visitor Toll Pass program due to travel restrictions placed on tourists moving through Orlando International Airport during the Covid pandemic, the Central Florida Expressway Authority on Wednesday rebooted the program. The Visitor Toll Pass, which debuted in May 2019 and was suspended in March …

As the popularity of using quick-response codes for payment at the point-of-sale grows, the trend toward offering the technology to software developers and merchants has gained momentum and now includes small and mid-sized processors. Omnichannel payment gateway Cardknox Development Inc. on Monday became the latest processor to enter the fray, …