Debit Cards

Galileo Financial Technologies LLC announced early Thursday the launch of a co-branded debit rewards card for the hospitality and travel industries. In addition to enabling debit card holders to earn rewards on their purchases, Galileo will use its card-issuing, processing, Cyberbank Digital, and program-management technologies to reduce time to market …

Mastercard Inc. announced early Wednesday the launch of One Credential, a digital-payment solution that supports multiple payment methods such as credit, debit, and prepaid, as well as installment loans, on a single card. Targeted primarily at Gen Zers, One Credential allows consumers to tailor their payment methods to better manage …

Separate stockholder meetings for Capital One Financial Corp. and Discover Financial Services voted to approve Capital One’s proposed acquisition of Discover, a deal that was first proposed a year ago. Cap One says it now expects the $35.3-billion transaction to close early this year, subject to approval from the Federal Reserve System’s Board of …

Toast Inc. has signed Ascent Hospitality Management, which owns and manages the Perkins American Food Co. and Huddle House restaurant chains, as a client. Ascent will install Toast’s payments platform in 500 Perkins and Huddle House locations initially. Ascent installed the first Toast platform at a Perkins location last fall, the …

Third Federal Savings & Loan, a Cleveland-based bank with $17.1 billion in assets, is adopting Fiserv Inc.’s DNA platform. Fiserv acquired the core-processing platform in 2013 with an acquisition. Among the platform’s features is an AppMarket. Users can select a variety of payments apps, such as for automated clearing house …

Stripe Inc. announced late Wednesday it is partnering with Spade, a provider of real-time merchant intelligence for card issuers, to provide issuers on the Stripe platform with data to verify a merchant’s identity during the authorization process. Spade provides information such as merchant name, category, and geolocation within 50 milliseconds. …

Identity and verification services firm AU10TIX released its “2024 Report on Global Identity Fraud” that found 54% of attacks in the first quarter were against the payments sector but declined to 43% by the fourth quarter because of tougher law enforcement. Euronet Worldwide Inc., a U.S.-based processor operating in Europe, said that …

U.S. District Court Judge Virginia Kendell extended the injunction against Illinois’s pending interchange law late Thursday to include more financial institutions but stopped short of providing blanket relief from the law for all financial institutions and the card networks. Kendall, a judge in the Northern District of Illinois, ruled that …

Payments platform Checkbook said its users can now deposit funds in real time through Visa Direct to fund bank accounts connected to more than 4 billion debit cards. Merchant’s Pact, a provider of payments services for banks, said an integration with Q2 Holdings Inc.’s digital-banking service will allow banks to offer an …

Leveraging tie-ins with sister companies to facilitate payments and converting fiat currency to cryptocurrency are some of the possibilities that lay ahead for XMoney, the digital wallet from social-media platform X, in the wake of its partnership with Visa Inc. Enabling Tesla charging stations to accept the wallet is an …