Debit Cards

Prizeout, a fintech specializing in digital gift card payouts and cashback rewards, announced CashBack + Pay late Tuesday, a cashback program for debit card holders whose cards have been issued by credit unions. CashBack+ Pay gives credit union debit card holdings instant rewards averaging 6.8% of the transaction amount, the …

Mastercard Inc. and PayPal Holdings Inc. said they will work together to develop new features to the recently introduced Mastercard One Credential, a digital payment service that supports multiple payment methods that launched in February. In related news, PayPal said it is adding new capabilities to its Venmo social payments platform, including limited time …

Klarna AB has unveiled Klarna Card, a debit card offering the choice to pay immediately or later. The product incorporates the Visa Flexible Credential technology from Visa Inc. In other Visa news, the card network appointed Andrew Torre president of value-added services, replacing Antony Cahill, who has been appointed regional president and …

Illinois lawmakers extended the implementation date for the Interchange Fee Prohibition Act by 12 months early Sunday to July 1, 2026. Groups opposing the IFPA, the first law of its kind passed by any state, argued the law would cause “widespread economic disruption” and that it would place an undue …

Visa Inc. is heralding a number of advances in payments technologies, among them the growth of digital-identity services related to payments, continued contactless-payments penetration, and progress with its Flex Credential. Visa said its efforts to create secure digital-identity technology, aimed at making the checkout more secure, is advancing. Central to …

Curve has launched Curve Pay on the iOS operating system for European consumers, becoming the first payments technology to use the iPhone’s NFC interface following Apple Inc.’s agreement with the European Commission to open that interface to competing services. U.S. Bank has issued a Visa debit card cobranded with Gonzaga University and aimed at …

Nearly 42% of breaches suffered by major fintech companies stem from third-party vendors, according to “Defending the Financial Supply Chain: Strengths and Vulnerabilities in Top Fintech Companies,” issued by Security Scorecard, which analyzed 250 major fintechs. The processor FIS Inc. said it will work with Letskipp Ltd., also known as Kipp, to develop …

Zoho Corp., an Indian multinational software company, is launching Zoho Payments in the United States. Zoho Payments is an embedded-payments solution that enables businesses to collect one-time and recurring payments from customers, online and within Zoho apps.  Billed by Zoho as an out-of-the box payment solution, Zoho Payments supports the …

Affirm Inc. announced deals for its buy now, pay later service to be available at Mattress Firm and at Costco Wholesale. Mattress Firm says it is the largest mattress retailer in the U.S. market, with more than 2,200 locations. India-based Zoho Corp. entered the U.S. market with the launch of Zoho Payments, which supports cards …

First-party fraud, also known as “friendly fraud,” accounted for 36% of all fraud globally in 2024, up from 15% the previous year, says LexisNexis Risk Solutions’ Cybercrime report. First-party fraud occurs when a consumer disputes a legitimate credit card transaction, claims he never received the order, or misrepresents personal information …