Debit news and trends

Retail Shoppers Pay by Debit Card in Stores but by Credit Online
Payment Methods // May 08, 2024

When shopping in stores, retail customers prefer to pay with debit, but eCommerce is a different story. By the Numbers According to an October survey of more than 2,100 U.S. consumers, 44% of respondents had paid for their most recent retail purchase in stores via debit...

39% of Middle-Income Card Holders Unfamiliar With Card-Linked Offers
Loyalty & Rewards // May 07, 2024

Once card holders are made aware of how they can earn rewards by using their credit and debit cards to pay for goods and services, most are hooked. That’s according to the PYMNTS Intelligence report “Card-Linked Offer Growth Hinges on First-Time Users,” which was based on surveys with more...

Payment Networks Spotlight Rise of Tokenization and Contactless Payments
Payments Innovation // May 02, 2024

Four years ago, the pandemic began to give wings to contactless payments. Now, as shown by earnings results from the likes of Mastercard and Visa, the payment methodology has taken flight. PYMNTS Intelligence data noted earlier this year that more than half of consumers surveyed said they still preferred to...

PSCU Teams With Aloha Credit Union for Card Processing
Partnerships // May 01, 2024

PSCU/Co-op Solutions teamed up with Aloha Pacific Federal Credit Union (APFCU). The partnership will see the payments credit union service organization (CUSO) help Hawaii-based APFCU provide credit and debit card processing services and support, PSCU/Co-op Solutions said in a Wednesday (May 1) news release provided to PYMNTS. “We’ve seen an increasing...

Interviews & Exclusives
39% of Middle-Income Card Holders Unfamiliar With Card-Linked Offers

May 07, 2024
Once card holders are made aware of how they can earn rewards by using their credit and debit cards to pay for goods and services, most are hooked. That’s according to the PYMNTS Intelligence report “Card-Linked Offer Growth Hinges on First-Time Users,” which was based on surveys with more than 2,100 consumers. It also found that after using card-linked offers, […]

Payment Networks Spotlight Rise of Tokenization and Contactless Payments

May 02, 2024
Four years ago, the pandemic began to give wings to contactless payments. Now, as shown by earnings results from the likes of Mastercard and Visa, the payment methodology has taken flight. PYMNTS Intelligence data...

PayPal Sees Jump in Transactions Per Account as Fastlane Checkout Boosts Conversions

April 30, 2024
PayPal’s transactions per active account grew by double digits in the latest quarter, and debit spending boosted results, while easier, faster checkout boosted conversions. Total payment volumes were up 14%...

Bank Earnings May Highlight Volatile Consumer Spending

April 09, 2024
Friday marks the beginning of earnings season. And, as is always the case, every three months, the big banks will give a glimpse into the state of consumer spending and...

Quick Reads
PSCU Teams With Aloha Credit Union for Card Processing

May 01, 2024
PSCU/Co-op Solutions teamed up with Aloha Pacific Federal Credit Union (APFCU). The partnership will see the payments credit union service organization (CUSO) help Hawaii-based APFCU provide credit and debit card processing services and support, PSCU/Co-op Solutions said in a Wednesday (May 1) news release provided to PYMNTS. “We’ve seen an increasing number of fellow credit unions in Hawaii teaming up with […]

Judge Sides With PayPal in CFPB Lawsuit Regarding Digital Wallets

April 01, 2024
PayPal won a legal victory against the U.S. consumer protection watchdog. According to court documents cited in a Friday (March 29) Law 360 report, U.S. District Judge Richard J. Leon tossed...

Thredd Enters US Card Issuing Market With B4B Partnership

March 19, 2024
Payments processor Thredd has entered the U.S. debit and prepaid card issuing market. The company announced this milestone Tuesday (March 19), saying it was happening via an extension of its...

FIS and Stratyfy Team to Combat Card Fraud

March 18, 2024
FIS joined forces with software firm Stratyfy to combat fraudulent card transactions. The collaboration employs the FIS SecurLOCK card fraud management solution to spot and prevent fraudulent transactions, according to a Monday (March 18) press...