debit

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Source: en.wikipedia.org

UK’s Regulator to Cap Cross-Border Interchange Fees
UK’s Regulator to Cap Cross-Border Interchange Fees
December 13, 2024  |  Credit Cards

The United Kingdom’s Payment Systems Regulator (PSR) proposed a price cap on cross-border interchange fees and is seeking comment on the level at which the...

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Report: Walmart and Ribbit Lead FinTech One’s $300 Million Funding Round
Report: Walmart and Ribbit Lead FinTech One’s $300 Million Funding Round
December 12, 2024  |  Investments

Walmart and investment firm Ribbit Capital are reportedly leading a funding round of more than $300 million for FinTech startup One, which is majority-owned by...

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Visa Direct to Enable Delivery of Money in US Within 1 Minute Starting in April
Visa Direct to Enable Delivery of Money in US Within 1 Minute Starting in April
December 12, 2024  |  Faster Payments

Visa will begin enabling faster delivery of money with Visa Direct, making funds transferred to U.S. bank accounts available within one minute. This capability will...

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European Lawmakers Ask UK to Reconsider Cap on Interchange Fees
European Lawmakers Ask UK to Reconsider Cap on Interchange Fees
December 12, 2024  |  Credit Cards

European lawmakers reportedly asked the United Kingdom’s Payment Systems Regulator (PSR) to reconsider its plans to restore a cap on interchange fees that was lifted...

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Rising Card Delinquencies May Push Subprime Consumers to BNPL and Debit Installment Plans
Rising Card Delinquencies May Push Subprime Consumers to BNPL and Debit Installment Plans
December 11, 2024  |  Consumer Insights

Last December, PYMNTS Intelligence detailed in its “Credit Card Use Deep Dive” report that about 14% of the more than 3,500 consumers surveyed had subprime...

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Visa Teams With WhiteBIT to Offer Crypto-Focused Debit Card
Visa Teams With WhiteBIT to Offer Crypto-Focused Debit Card
December 11, 2024  |  Partnerships

European cryptocurrency exchange WhiteBIT launched a debit card partnership with Visa. The collaboration centers around WhiteBIT Nova, which WhiteBIT described in a Wednesday (Dec. 11)...

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Mastercard Expands APAC Digital Wallet Reach With ‘Pay Local’
Mastercard Expands APAC Digital Wallet Reach With ‘Pay Local’
November 05, 2024  |  Mobile Wallets

Mastercard debuted a service that lets consumers make card-based payments via local digital wallets. With Pay Local, Mastercard cardholders link their credit or debit cards...

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Mastercard: Contactless Payments Now 70% of Face-to-Face Transactions
Mastercard: Contactless Payments Now 70% of Face-to-Face Transactions
October 31, 2024  |  Mastercard

Mastercard’s third-quarter earnings results demonstrated that consumers are still spending, and sentiment is healthy amid a resilient labor market and the Federal Reserve’s September cuts...

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Airwallex Reportedly Targets $6 Billion Valuation in New Funding Round
Airwallex Reportedly Targets $6 Billion Valuation in New Funding Round
October 30, 2024  |  Investments

Payments platform Airwallex is reportedly in discussions to raise $200 million. The Singapore-based company aims to close the funding round at the end of the...

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