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)

Block’s Cash App Hits 53 Million Monthly Active Users, Direct Deposits up 69%
Block’s Cash App Hits 53 Million Monthly Active Users, Direct Deposits up 69%
May 05, 2023  |  Mobile Payments

Block, the parent company of Square, posted earnings results illustrating the evolution of a financial services ecosystem — with Cash App at the center. A...

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Item-Level Data Helps Banks Stay Top of Wallet
Item-Level Data Helps Banks Stay Top of Wallet
May 04, 2023  |  Loyalty & Rewards

At the intersection of digital channels and inflationary pressures, consumers are demanding more value from merchants. And it’s not all about price. Banyan CEO Jehan...

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Bank of America Sees Slowing Credit and Debit Card Spend
Bank of America Sees Slowing Credit and Debit Card Spend
April 12, 2023  |  Economy

Household credit and debit card spending increased 0.1% in March compared to a year earlier. That is the slowest pace of card spending growth seen...

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38% of Consumers Used Debit for Their Last In-Store Purchase; Just 23% Did So Online
38% of Consumers Used Debit for Their Last In-Store Purchase; Just 23% Did So Online
April 06, 2023  |  Consumer Payments

Payment card preferences continue to align with earnings, determining which kind of plastic millions of consumers reach for when making retail purchases. PYMNTS explored the...

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CardX Lets Mastercard Users ‘Click-to-Pay’
CardX Lets Mastercard Users ‘Click-to-Pay’
April 05, 2023  |  Credit Cards

Surcharge compliance firm CardX has added Mastercard’s Click to Pay to its payment platform. The feature is now available for all card-not-present merchants using CardX’s...

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Mastercard Pledges to Use All Recycled Cards by 2028
Mastercard Pledges to Use All Recycled Cards by 2028
April 05, 2023  |  Mastercard

Mastercard says its days of using new plastic to make cards is near an end. The company announced in a Wednesday (April 5) press release...

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Neo Financial Debuts ‘Debit Alternative’ Neo Money Card
Neo Financial Debuts ‘Debit Alternative’ Neo Money Card
March 30, 2023  |  Payment Methods

Canadian FinTech Neo Financial has debuted what it calls a debit card alternative. The Neo Money card, announced Thursday (March 30), is designed to help...

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UAE Central Bank Approves Direct Debit System Marketplace Launch
UAE Central Bank Approves Direct Debit System Marketplace Launch
March 17, 2023  |  Payment Methods

Residents and citizens of the United Arab Emirates (UAE) can now use a paperless direct debit marketplace. The UAE Central Bank has approved the launch...

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Tech Credit Union Taps PSCU for Innovative Debit Card Solutions
Tech Credit Union Taps PSCU for Innovative Debit Card Solutions
March 09, 2023  |  Credit Unions

Tech Credit Union (Tech CU) has tapped PSCU to provide debit card processing support. The 11-branch, Indiana-based credit union selected the credit union service organization...

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