More than 3 million PayPal users have been invited to try the online processor's virtual debit card since it was introduced in July, a PayPal executive responsible for the product tells Digital Transactions News. That represents almost 10% of PayPal's total active account base. The card, which links to users' …

PayPal Inc. will start rolling out its so-called virtual debit card to “hundreds of thousands” of users some time this month in a process it expects to complete by the end of August, a spokesperson for the San Jose, Calif.-based unit of online auctioneer eBay Inc. tells Digital Transactions News. …

With several factors at play, CPI Card Group Inc. is launching fresh card technology that reduces the amount of first-use plastics while providing issuers new formats and shapes for their credit, debit, and prepaid cards. Announced Wednesday, the All-in-One technology using the Secora Pay Green technology has been developed in …

Mastercard Inc. and Citi announced they are working on a service to offer cross-border payments to Mastercard debit cards in 14 markets, including the United States. Cardholders in these markets will be able to receive payments from Citi clients in near-instant transaction times. Citi is using Mastercard Move, the card brand’s …

Merchants in the United States paid $224 billion in card-acceptance costs in 2023, the highest toll for merchants in any country in the world, according to payment consultancy CMSPI’s State of the Industry Report. Interchange fees alone accounted for $143 billion of that total. Since 2009, U.S. merchants’ like-for-like payment …

Community banks, known for their personal touch and deep community ties, face unique challenges and opportunities to deepen those relationships. Introducing commercial credit cards is a strategic decision that aligns well with their commitment to local businesses. Offering a best-in-class commercial card program meets the needs of local enterprises and …

Banks and credit card companies have launched online services and mobile apps over the years to reinforce ties to their most valuable customers and win new ones. But, in Canada at least, that effort is hitting a brick wall, a series of new reports from J.D. Power indicates. While Canadian …

Eved LLC, a provider of payment management solutions for the entertainment and media industry, late Thursday launched a prepaid business-to-business card for production companies. The Visa-branded card, called EvedPay, will enable entertainment, media and production companies to load predetermined dollar amounts onto the business-to-business prepaid cards to manage spending limits …

The initial penetration was slow. The original Diner’s Club credit card of 1949 was too different to quickly catch on. But it had a compelling message, as the historic burden of trusting the customer was shifted away from the merchant, a service for which the merchant was willing to pay. …

The buy now, pay later specialist Klarna AB signaled its intention Wednesday to issue a new credit card in the U.S. market. The company said it has opened a waitlist for the product, which it calls a “new and improved Klarna Card.” The new Visa card, which does not offer …