Debit Cards

The payment-services unit of Discover Financial Services reported $96 billion in volume for the first quarter, a 4% drop year-over-year, though increased debit card activity lifted Pulse’s dollar volume 3%. Diners Club volume also increased, growing 18%, but the Network Partners unit recorded a 73% slide “reflecting the anticipated exit of a …

More than a year after Capital One Financial Corp. announced its $35-billion deal to acquire Discover Financial Services, it received the last federal regulatory approvals to move ahead and has set a May 18 closing. The last two regulatory approvals, from the Federal Reserve and the Office of the Comptroller …

Fiserv Inc. announced it will open later this year what it calls a strategic fintech hub in Overland Park, Kan., a suburb of Kansas City, Mo. The new location is expected to create approximately 2,000 jobs. Brightstar Credit Union will add real-time payments capabilities through processor Jack Henry & Associates Inc. under a …

[Editor’s Note: Following Digital Transactions News publication Friday, a U.S. District Court judge temporarily halted the layoffs at the CFPB, according to the Associated Press. Judge Amy Berman Jackson has scheduled an April 28 hearing on the matter.] A dramatically reduced Consumer Financial Protection Bureau will still operate, but with …

Ransomware demands and payments declined in 2024, thanks to a combination of better law enforcement and defenses by companies, according to BakerHostetler’s annual Data Security Incident Response Report. The average ransomware payment totaled $501,338 in 2024, excluding the largest payment, a 33% decline from the previous year. The amount of …

U.S. Bank is stepping up its efforts to entice merchants to use its business checking account with the ability to accept credit and debit card payments. Announced Monday, the U.S. Bank Business Essentials account enables merchants to accept card payments and be eligible for free same-day access to their funds …

U.S. merchants achieved higher performance scores for their gift card programs in 2025, according to Blackhawk Network’s eighth annual review of the programs. Staples Inc. led all merchants with a score of 104%, followed by Amazon.com with a score of 101% and Best Buy Co. Inc. at 99%. Cosmetics retailer …

Fintech Branch launched a payroll debit card tied to a digital bank account instead of a prepaid card, as many payroll cards are set up. Schwarzwald Capital said it has invested an undisclosed amount in Vesta Corp., a transaction-guarantee platform for card-not-present payments. Bitcoin transaction-verification platform Branta said it has worked with Amboss, a provider of …

CelllPoint Digital, a specialist in payments orchestration, will expand the payment methods available through SabreSonic and Radixx, services offered by Sabre Corp. a travel-technology company. U.S. payments platform Spreedly Inc. said it will work with Ebanx, a payment-service provider, to support alternative payment methods for international firms operating in Latin America. Payments …

The Sacramento Regional Transit District launched Tap2Ride, a contactless open-loop fare system from Kuba that enables users to use a contactless credit or debit card or a mobile wallet to pay for rides, said Kuba, a transit fare system provider. Floorzap, a developer of business-management tools for flooring retailers, announced a …