Debit Cards

Stride Bank N.A. announced it will issue the Affirm Card, a debit card from buy now, pay later platform Affirm Holdings Inc., becoming Affirm’s latest issuing partner. Affirm says it had 1.7 million active cardholders as of Dec. 31, 2024. Payfave Inc., which does business as Wink, announced it has merged …

Diners visiting a fast-casual restaurant—think Chipotle, Five Guys—are more likely to choose a mobile wallet to pay rather than a payment app, according to data from disbursement platform Onbe. In its Payouts Landscape Report, 56% of consumers prefer to use a mobile wallet for paying at a fast-casual restaurant, compared …

Galileo Financial Technologies LLC’s Digital First product ranks first among digital debit card issuers in Javelin Strategy & Research’s inaugural Digital Issuance Provider Scorecard. Sandy, Utah-based Galileo earned top billing for its flexibility, security, and scalability. Javelin ranked eight digital-issuance vendors’ products, using 25 criteria across features and functionality, technology, …

Bank processor Jack Henry & Associates Inc. extended its work with Mastercard Inc. to now offer Mastercard Move, the card brand’s portfolio of money transfer products, through Jack Henry Transfers. This is part of Jack Henry’s previously announced partnership with Moov to enable banks and credit unions to offer digital payment services to consumers …

The Independent Community Bankers of America said its ICBA Payments subsidiary is working with Mastercard Inc. to offer upgraded and enhanced card and payment services for 1,400 community banks. Mastercard will manage all cardholder communication and marketing while ICBA Payments will move its sponsored card programs to Mastercard at no cost and …

Buy now, pay later provider Zip Co. Ltd. is telling users it no longer will allow them to tap credit cards as a funding source. In an email this week, Zip says, “Starting in the next few weeks, you won’t be able to initiate new purchases through Zip using a …

Visa Inc. introduced its scam-disruption practice, aimed at identifying and preventing scams “as they emerge,” the company says. Just 26% of credit card holders are “satisfied” with their cards, while 24% are “dissatisfied” and 50% are “indifferent,” according to a survey of 8,000 cardholders age 18 to 45, plus 200 senior …

Ten years ago, the U.S. payment card market made its shift to EMV chip cards, and along with that the industry prepared for more contactless payments. That work by issuers and card brands appears to have paid off because 92% of consumers are now familiar with NFC, the technology that …

Compliance services provider LegitScript released a suite of services to help with merchant risk management. Among them is its Xray AI Risk Intelligence platform that can help with scanning merchant Web sites for card network violations, automatically detecting merchant category codes, and matching merchants against LegitScript’s risk intelligence database. Visa Inc. is working …

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 …