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

SoFi Money Accounts Surge 54% as Monetization Across All Products Continues
SoFi Money Accounts Surge 54% as Monetization Across All Products Continues
October 29, 2024  |  Earnings

SoFi Technologies’ cross-selling continues, and certain trends seem well in place as the interest rate environment becomes more benign. Members are accessing more products across...

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Discover CFO: Cautious Consumers Cause Slide in Card Volume
Discover CFO: Cautious Consumers Cause Slide in Card Volume
October 17, 2024  |  Earnings

Discover Financial Service’s third-quarter earnings results offered evidence that an acquisition by Capital One is on track. As for the state of the consumer, caution...

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HoneyBook Launches Expanded Suite of Financial Tools for Independent Businesses
HoneyBook Launches Expanded Suite of Financial Tools for Independent Businesses
October 16, 2024  |  SMBs

HoneyBook launched an expanded suite of financial tools that can be integrated into its client relationship management (CRM) platform for independent businesses. The new HoneyBook...

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CPI Card Group to Pilot Environmentally Friendly Contactless Card
CPI Card Group to Pilot Environmentally Friendly Contactless Card
October 16, 2024  |  Credit Cards

Payments technology company CPI Card Group is now accepting orders from issuers to start piloting a contactless card with new chip technology that expands payment...

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Visa Sees Cloud-Native Banking and Flexible Credentials as Modern Issuing Must-Haves
Visa Sees Cloud-Native Banking and Flexible Credentials as Modern Issuing Must-Haves
October 11, 2024  |  VISA

In a world where the average consumer has more computing power in their pocket than the Apollo 11 spacecraft, it’s no surprise that the financial...

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Citi and Mastercard Partner on Cross-Border Payments to Debit Cards
Citi and Mastercard Partner on Cross-Border Payments to Debit Cards
October 10, 2024  |  Cross-border Payments

Citi and Mastercard have teamed up to enable cross-border payments to Mastercard debit cards. The companies are launching this capability in 14 receiving markets across...

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Capital One Debuts AirKey to Help Banks Lock Out Fraudsters
Capital One Debuts AirKey to Help Banks Lock Out Fraudsters
October 09, 2024  |  Authentication

Capital One is offering its AirKey anti-fraud authentication tool to financial institutions. “Fraud is on the rise and costing billions in losses each year, making...

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Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
October 08, 2024  |  Legal

U.S. Sen. Dick Durbin of Illinois is supporting an Illinois law that will bar the charging of interchange fees on the tax and tip portions...

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Banks Enter the BNPL Game With Debit-Based Installments
Banks Enter the BNPL Game With Debit-Based Installments
September 30, 2024  |  Buy Now Pay Later

Paying over time, traditionally a hallmark of short-term installment loans, is becoming an option where goods are paid for using money on hand and over...

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