Debit Cards

PureWrist, a contactless-transaction technology provider, on Thursday debuted PureWrist Go, a reloadable flexible bracelet with an embedded EMV chip that allows consumers to make prepaid contactless transactions. PureWrist GO, which retails for $25, plus the amount preloaded on to device, is the flagship product on the PureWrist platform. New York …

As workers struggle with cash-flow issues that in some cases were worsened by the coronavirus pandemic, banks and fintechs are working to get wages into employees’ hands faster—sometimes in real time. Two such developments emerged this week from Square Inc. and Immediate Solutions Inc., a company that specializes in speeding …

Payments provider Payroc Intermediate Holdings LLC has acquired technology provider Blackline Partners LLC, which does business as eConduit. Blackline provides a Web-based API by which software companies can enable clients to accept EMV payments.Visa Canada launched Click to Pay in that country. Click to Pay is based on the EMV Secure Remote Commerce standard for …

Momentum behind a standard for the exchange of consumers’ financial data between fintech apps and banks gained strength Monday with an announcement that a trade group supporting the standard has added 39 members since April. The group, the Reston, Va.-based Financial Data Exchange LLC, now claims a membership of 140 firms, …

Cash ATM withdrawals were down 14.6% for the week ending Sept. 6 among credit unions serviced by PSCU. The credit union service organization’s weekly transaction trends report found that while down, the rate is better than the 21.8% average decrease for the past four weeks.Co-Op Financial Services said an alliance with debit …

PayPal Holdings Inc. and Visa Inc. are adding cross-border payments to an agreement to route payments made through PayPal’s Instant Transfer Service through the Visa Direct platform. The expanded agreement will allow consumers and small businesses to send or receive money to or from a Visa card account in real-time …

The pandemic has sparked a huge lift in online gift card sales as consumers make shopping for the plastic part of their e-commerce routine. The number of cards purchased online soared 57% in the first six months of this year compared to the first half of 2019. Some 52% of …

Fanatics, a retailer selling sports merchandise, is one of the first merchants to sign up for a point-of-sale installment payment service from Fiserv Inc. and QuadPay.Lightspeed POS Inc. made its shares available for purchase in the United States. The Canadian point-of-sale system developer also filed its application to list its shares …

With the economy still reeling from the Covid-19 pandemic, the ATM Industry Association is betting that offering a new Start Up membership category at a reduced cost will attract new members and entice back into the fold former members that dropped out during the pandemic for financial reasons. The new …

Debit card spending increased 9.4% for the week ending Aug. 30 from the week ending Sept. 1, 2019, for credit unions working with PSCU, a credit union service organization. For the same period, credit card spending was down 2.5%. Mobile wallet use with a debit card increased 68% and those with …