The Federal Reserve Board’s proposal Wednesday to make a 31% reduction in the main component of its debit card interchange ceiling for large issuers touches on a longstanding sore point among merchants and has already sparked a spirited debate in the payments industry. Merchant groups, long riled by debit card …

Experian PLC on Monday launched its Smart Money digital checking account and debit card. The product is part of the credit bureau’s strategy to offer consumers with no or minimal credit histories an opportunity to quickly build a credit score. To that end, Experian has embedded in the new product …

Fiserv Inc. launched a platform that can issue digital versions of a replacement debit card, enabling immediate use of a card that can be added to a digital wallet. Mobile-messaging provider Clickatell announced what it calls the world’s first chat-commerce platform as a service (CCPaaS). The platform allows customers to …

The most popular payment method for funding subscription payments is a debit card, with the checking account-connected option being used for 52.9% of global subscription payments. Subscription platform Recurly Inc. released this and other data in its “2023 State of Subscriptions” report Tuesday. The second most popular option was credit …

PayPal Holdings Inc. launched a cross-border money-transfer product called Debit Card Deposit for its Xoom international money-transfer service. Sixty-seven percent of consumers intend to spend the same or more in 2023 as they did in 2022, found a survey of 2,032 U.S. adults. Conducted by The Harris Poll and commissioned by DailyPay and …

One of the ways cryptocurrency is becoming more familiar to consumers and merchants is through debit cards backed by crypto holdings. The latest development in this trend came to light early Friday with an announcement that the crypto exchange FTX.com will offer Visa-branded debit cards around the world. A launch …