Debit Cards

Consumers will keep one eye on their gift lists this holiday shopping season and the other on discounts and rewards to help pay for the gifts, suggests a new survey from Synchrony. Consumer finance specialist and issuer Synchrony says 66% of consumers plan to use retailer rewards they’ve earned to …

Affirm Holdings Inc.’s bet on its Affirm Card, a debit card that enables users to buy now and pay later, may be paying off for the BNPL provider. The number of active card users reached 6 million in the company’s fiscal first quarter ended Sept. 30, a 112% increase from …

NumbersGame, a developer of software for accounting, announced integrations with the payments platforms Stripe and Square, and with accounting-software developer Ramp. The venture, intended for accounting operations using the Claude, Copilot, or ChaptGPT AI technologies, allows clients’ revenue to be handled by Stripe or Square, with spending attended to by …

Smaller Canadian merchants are skating on thin ice as the holiday season approaches, according to survey results from the payments provider Adyen NV. The company’s research indicates merchants are battling soft consumer spending as well as mounting costs and tariff headaches, leaving little margin for further pressure, Adyen says. Such …

One of the biggest trends in payments these days is agentic commerce, and the major card networks are making sure they can master the trend on behalf of banks and merchants. The payoff can be substantial. “AI is changing how commerce happens, and that leads to more transactions for Mastercard,” …

Visa Inc. late Tuesday reported a strong September quarter featuring a 13% year-over-year  rise in revenue to $12.1 billion, generating GAAP net income of $6 billion. The financial momentum stemmed from a 9.5% increase in payments volume, to $4.08 trillion in constant dollars. For the full fiscal year ending Sept. …

Chip cards for recipients of the Supplemental Nutrition Assistance Program may be on the horizon because the Food and Nutrition Administration of the U.S. Dept. of Agriculture has issued a proposed rule that all states adopt the technology as one way to count fraud. Currently, just eight states issue chip …

The Federal Reserve is now required to rewrite the key interchange limits included in a controversial 15-year-old debit card rule following a federal appeals court decision Monday striking down an interchange cap the Fed established in 2011. The Fed could still appeal the ruling to the U.S. Supreme Court. Interchange, …

PayPal Holdings Inc. reported a 2% rise year-over-year in third-quarter net revenue, to $8.58 billion, on a 6% increase in total payment volume, to $487.1 billion. Payment transactions rose 7% to 6.796 billion, while active accounts, at 440 million, were virtually flat, rising 0.6%. GAAP net income fell 14%, to $1.07 …

Chargebacks911 launched an AI agent to help merchants protect qualifying purchases made through AI agents without replacing their existing fraud prevention tech or restructuring their payments systems. The new service also provided indemnification against qualifying chargebacks associated with these purchases. Investment firm Francisco Partners completed its $650 million acquisition of …