Debit Cards

The Clearing House Payments Co.’s Real Time Payments Network said it passed 1 billion cumulative payments on Friday. The network, operated by TCH since 2017, also set single-day records Friday for number of payments, at 1,592,419, and value, at $1.44 billion. New York City-based TCH is owned by 20 large commercial banks. President Donald …

Continuing its focus on developing consumer payments, tapping new business flows, and providing value-added services, Visa Inc. late Thursday posted a strong start to its 2025 fiscal year. Speaking to equity analysts, Visa chief executive Ryan McInerney highlighted Visa’s recent deal with X, formerly Twitter, to power the social-media platform’s …

In reconnecting with the payments industry after my Congressional run, one topic has come up in conversation more than any other: interchange regulations. Specifically, S.1838, the Credit Card Competition Act of 2023 (CCCA), which takes a market-driven approach to driving down interchange fees.  By enabling two credit card networks on …

The pending $35.3-billion merger of Capital One and Discover has concentrated minds in the payments industry for nearly a year, but perhaps nowhere so much as at Mastercard Inc. That became apparent early Thursday as equity analysts quizzed the card network’s top brass about the combination’s potential impact on Mastercard, …

X, the social media platform formerly known as Twitter, appears to have signed a deal with Visa Inc. for the card brand to be a partner in XMoney Account, the platform’s possible payments service, reported CNBC.com. Fuel discount platform GasBuddy launched its Pay with GasBuddy+ card issued by Fifth Third Bank N.A. bearing the …

RaceTrac Inc., an Atlanta-based convenience store chain with more than 800 locations, is debuting cardless payments for truck drivers via the 10-4 by WEX app. The free app enables independent owner-operators to pay for diesel fuel without a physical card at the pump. Users upload their credit or debit card …

New data from JPMorgan Chase & Co. signals the leading U.S. banking company is on track to retain its title as the nation’s largest merchant acquirer, with volume well in excess of $2.5 trillion flowing through its pipes. A note from a J.P. Morgan Payments spokesperson to Digital Transactions News …

Debit cards remain the preferred payment for online sports bettors, with 42% of bettors saying they use debit cards to fund their accounts, according to Paysafe Ltd.’s annual All the Ways Players Pay report. It is the third consecutive year debit ranked as bettor’s preferred payment method. Digital wallets were …

Some consumers better hope Santa Claus doesn’t read the latest fraud report from Socure, a fraud-prevention and authentication provider. It found 13% of U.S. consumers committed first-party fraud during the 2024 holiday-shopping season. Often called friendly fraud, first-party fraud occurs when a consumer exploits return and refund policies for financial …

Lightspeed Commerc Inc. launched Lightspeed Scanner, a service that lets sales associates process customers’ card transactions on an iPhone. MagTek said it is working with developer Vault to support Magtek’s DynaFlex II Go technology for mobile point-of-sale applications. Identity-verification specialist AU10TIX said its technology prevented an estimated $7.5 billion in fraud last year worldwide. …