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

DOJ Bars 10 Individuals and Businesses From Making Unauthorized Debits

DOJ Bars 10 Individuals and Businesses From Making Unauthorized Debits
DOJ Bars 10 Individuals and Businesses From Making Unauthorized Debits
February 18, 2025  |  Security & Fraud

The Department of Justice said Tuesday (Feb. 18) that a district court in Miami permanently barred 10 individuals and entities from making unauthorized debits to...

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FIS Targets ‘Money in Motion’ Growth and Announces Affirm Debit Card Pact
FIS Targets ‘Money in Motion’ Growth and Announces Affirm Debit Card Pact
February 11, 2025  |  Earnings

Shares of FIS slid at the start of intraday trading Tuesday (Feb. 11) in the wake of fourth-quarter earnings results, as net income forecasts came...

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With Illinois Interchange Ban Under Injunction, Banks and Merchants Await Next Move
With Illinois Interchange Ban Under Injunction, Banks and Merchants Await Next Move
January 29, 2025  |  Credit Cards

A battle in Illinois over interchange fees could influence other states to decide whether these fees should be reshaped or banned. Get the Full Story...

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Generational Divide in Online Shopping? Not So Fast, Says New Report
Generational Divide in Online Shopping? Not So Fast, Says New Report
January 22, 2025  |  Credit Cards

Conventional wisdom is that younger generations are tech-savvy and the most willing to try new devices, apps and payment methods. Get the Full Story Complete...

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What to Watch as the Debit Interchange Fee Battle Heats Up in 2025
What to Watch as the Debit Interchange Fee Battle Heats Up in 2025
December 26, 2024  |  Regulation

Sweeping changes to debit card interchange fees — and the ways debit transactions are facilitated — may come in 2025. Get the Full Story Complete...

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CFPB Sues Walmart and Branch Over Accounts for Gig Economy Drivers
CFPB Sues Walmart and Branch Over Accounts for Gig Economy Drivers
December 23, 2024  |  Gig Economy

Both Walmart and FinTech company Branch said Monday (Dec. 23) that they will defend themselves “vigorously” against a Consumer Financial Protection Bureau (CFPB) lawsuit filed...

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UK’s Regulator to Cap Cross-Border Interchange Fees
UK’s Regulator to Cap Cross-Border Interchange Fees
December 13, 2024  |  Credit Cards

The United Kingdom’s Payment Systems Regulator (PSR) proposed a price cap on cross-border interchange fees and is seeking comment on the level at which the...

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Report: Walmart and Ribbit Lead FinTech One’s $300 Million Funding Round
Report: Walmart and Ribbit Lead FinTech One’s $300 Million Funding Round
December 12, 2024  |  Investments

Walmart and investment firm Ribbit Capital are reportedly leading a funding round of more than $300 million for FinTech startup One, which is majority-owned by...

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Visa Direct to Enable Delivery of Money in US Within 1 Minute Starting in April
Visa Direct to Enable Delivery of Money in US Within 1 Minute Starting in April
December 12, 2024  |  Faster Payments

Visa will begin enabling faster delivery of money with Visa Direct, making funds transferred to U.S. bank accounts available within one minute. Get the Full...

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