Yet another barrier to business in Iran appears to have fallen. Paymentwall, a San Francisco online payments company, announced today that it has integrated its payment services into the Shetab, which is Iran’s “unified, electronic clearance system for the entire Iranian banking operations that allows it to facilitate transactions fromRead More
Post Tagged with: "debit"
American Express announced a prepaid card with 1% cash back today, calling the card the first and only one of its kind. Debit reward cards became rarities after the Durbin Amendment slashed “swipe fees” earned by issuers in 2010. Retailers, who won out with Durbin, issued some brand-specific rewards cards, but consumersRead More
“The remaining lifetime of the check is directly related to the death rate among citizens over age 65.” That comment from one of our overseas partners sums up a common perception of check usage in America, and for that matter, anywhere else. Paper checks are going away — they’re anRead More
Apple Pay was launched last October and is now available in — brace yourself — approximately 652,000 North American locations, according to an estimate made public yesterday. Brian Roemmele, arguably one of the more well-versed payments experts in the nation, indicated that he made the estimate based on some difficult legwork,Read More
It’s hard to get millennials to open bank accounts. What do they need bank accounts for with all the great prepaid cards and other options out there? Boston-based First Trade Union Bank, already known for working with LevelUp on its payments app, is now partnering with SmarterBucks to produce a debit card that helps pay down student loans.
An influential trade group today warned traditional banks that prepaid is likely to be the future engine behind mobile wallets.
There’s a dark side to all the debit card growth in the US. Debit card payments have jumped 532% per US household since 2000, recent data released by the Consumer Finance Protection Bureau indicate . Especially since the credit crisis, debit card use has been advocated by everyone from Suze OrmanRead More
U.S. consumers appear to like plastic again. Last year, spending with credit, debit and prepaid cards by U.S. consumers increased to almost 5% to almost $3.8 trillion, according to The Nilson Report. Visa led the way with 55.2% of the spending on both credit and debit cards, followed by MasterCardRead More
First direct has moved closer to finalizing a redesign of its credit cards. First direct announced progress on its credit card redesign in the first direct Lab blog on December 6. In what could be the last step before finalizing a new design, first direct Labs is presenting A andRead More
Here’s a data point that deserves notice: PIN debit volume in the US spiked 6.7% last month. Yes, you read that right, 6.7%. With growth rates like that, PIN debit could finally hit the big time in this nation sooner rather than later. That growth rate was October was healthyRead More