Tag: debit card


The US Federal Reserve proposes new single cap on interchange fees

October 31, 2023

Via: FinTech Futures

The proposals specifically seek to determine whether interchange fees for processing a transaction are “reasonable and proportional to certain issuer costs”. It forms the most significant update to the cap since the Reserve first implemented restrictions on debit card issuers […]

Capital and Risk, Credit

U.S. Eagle Federal Credit Union Releases New Cashback Debit Card

October 6, 2022

Via: PR Newswire

After announcing their cashback METAL Credit Card in June, U.S. Eagle released their newest card today: The brand-new U.S. Eagle CashBack Debit Card. Members receive cashback each time they use the new debit card. That is unlimited cashback, credited directly […]

Activity, Retail Banking

Swiss digital bank Alpian partners Visa for new debit card

September 8, 2022

Via: FinTech Futures

The digital bank’s debit card offering comes with a multi-currency account (CHF, EUR, GBP and USD) with real-time foreign exchange features and no handling fees, Alpian claims. With the Visa partnership, Alpian’s debit card will be accepted in over 200 […]

Activity, Corporate Banking

3 Questions to Optimizing Debit Card Profitability in a Deal

June 3, 2022

Via: Bank Director

As the banking industry shrinks each year, CEOs often ask what they should look out for to improve profitability during and after a merger or acquisition. There is one area that is all too often overlooked: debit card profitability. As […]


Bank of America to make its credit cards from recycled plastic

April 21, 2022

Via: American Banker

Bank of America said it will make all of its plastic credit and debit cards from recycled material beginning next year. All of the cards, which will feature a recycling logo, will be manufactured using at least 80% recycled plastic, […]

Capital and Risk, Channels, Credit

Retail groups urge credit swipe routing changes

October 19, 2021

Via: Payments Dive

Over 10 years after Congress brought competition to how in-store debit card transactions are processed, the Federal Reserve is finally seeking to clarify that the same rules apply to online debit transactions as well. The move has been strongly backed […]

Activity, Retail Banking

US fintech Sincere to target “pet parents” with debit cards

March 19, 2021

Via: FinTech Futures

The fintech intends to wrap the card in pet-related rewards, covering things like pet food, vet bills, and rescue shelters. Merchant partners listed on Sincere’s website include Walmart, Amazon, Target, and Walgreens. As well as smaller, pet care-focused brands, such […]

Retail Banking

US financial literacy app Jassby plans virtual debit card for kids

November 3, 2020

Via: FinTech Futures

The app, first founded in 2017, provides a virtual debit card for young adults and teenagers. The account is connected to a parent, who can manage their child’s spending. Currently users are only able to spend their funds in a […]


Mastercard signs debit card deal with First Direct

August 17, 2020

Via: Banking Technology

First Direct has around 1.5 million customers, and has become the fourth bank in the UK to sign a debit card agreement with Mastercard. The processing giant also provides cards for Santander, Metro Bank, and Starling Bank. A First Direct […]

Retail Banking

The U.S. Payment Card Market Tops $6 Trillion Commercial Cards Account for 23%

September 5, 2019

Via: PR Newswire

CARPINTERIA, Calif., Sept. 5, 2019 /PRNewswire/ — Commercial and consumer credit, debit, and prepaid cards issued in the U.S. generated $6.130 trillion in spending for goods and services in 2018, according to The Nilson Report, the leading card and mobile […]

Retail Banking

Bad BIN setup can cost you millions…

April 7, 2016

Via: Banking Exchange

In a world where customers remain constantly connected to friends, services, email, and financial institutions, the Bank Identification Number (BIN) is the key. Found on credit, debit, and ATM cards is a 16-digit number that identifies the card brand (American […]