debit

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Source: en.wikipedia.org

Credit Card Retail Payments Fall by 18% Amid Budget Pressures
Credit Card Retail Payments Fall by 18% Amid Budget Pressures
July 16, 2024  |  Credit Cards

As consumers continue to face financial pressures, many are shifting away from credit payments for retail purchases, instead playing it safe with debit. By the...

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Bank of America: Consumers Still Have Borrowing Power Left on Their Credit Cards
Bank of America: Consumers Still Have Borrowing Power Left on Their Credit Cards
July 16, 2024  |  Earnings

For Bank of America, digital channels have represented avenues of continued growth, making inroads with credit card spending in particular. According to management, there’s still...

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How the World Does Digital: Italy Posts Solid Scores In Online Shopping
How the World Does Digital: Italy Posts Solid Scores In Online Shopping
July 12, 2024  |  Connected Economy

While the Colosseum evokes gladiatorial battles, and Michelangelo’s Sistine Chapel frescoes hold timeless beauty, modern Italy is embracing the digital age. Today’s Italians are increasingly...

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Discover Unveils Overdraft Protection for Debit Card Customers
Discover Unveils Overdraft Protection for Debit Card Customers
July 08, 2024  |  Next-Gen Debit

Discover debuted a new overdraft protection tool for its debit card customers. Balance+ offers fee-free discretionary overdraft coverage for day-to-day debit card transactions, according to...

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New Digital Wealth Advisor Evergreen Money Launches High-Yield Checking Account
New Digital Wealth Advisor Evergreen Money Launches High-Yield Checking Account
June 25, 2024  |  Digital Banking

Evergreen Money introduced a high-yield checking account that offers the functionality of a traditional checking account. Deposits in the new Liquid Treasuries account are automatically...

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Retailers See 78% Boost From Low-Income Shoppers’ Use of Credit
Retailers See 78% Boost From Low-Income Shoppers’ Use of Credit
June 24, 2024  |  Retail

As financially unstable consumers seek ways to afford to shop, credit is enabling them to make higher-value purchases, and retailers are seeing the benefit. The...

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66% of Healthcare SMBs Sent Real-Time Payments Last Year
66% of Healthcare SMBs Sent Real-Time Payments Last Year
June 10, 2024  |  Real-Time Payments

More small- to medium-sized businesses (SMBs) operating in the healthcare sector issued payments via real-time methodologies last year than via traditional methods like credit cards...

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Thredd’s McCarthy Gets Down to the Business of FinTech
Thredd’s McCarthy Gets Down to the Business of FinTech
May 29, 2024  |  Payments Innovation

Defining “payments modernization” is no easy task. If you asked 10 different payments executives to define it, you might get 10 different answers. But for...

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New Legislation Could Exempt Banks From Durbin’s Debit Fee Cap Impact
New Legislation Could Exempt Banks From Durbin’s Debit Fee Cap Impact
May 21, 2024  |  Banking

For banks eyeing the impact of the Durbin Amendment — and the prospect of debit interchange caps — there might be some relief coming from Congress. A bill that was approved...

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