Debit Payments news and trends

Visa Cooperates With DOJ Antitrust Probe Into Debit Card Practices
Regulation // January 29, 2023

The U.S. Justice Department is continuing its investigation into Visa’s debit card practices. The payments giant is cooperating with the probe, which is “seeking additional documents and information focusing on U.S. debit and competition with other payment methods and networks,” Visa said in a Securities and...

Wells Fargo Debit/Credit Purchases Down as COVID-19 Hits
Earnings // April 15, 2020

Wells Fargo’s first-quarter results showed the impact of reduced customer spending amid the continued impact of the coronavirus, and reserves taken in anticipation of loan losses. Earnings per share were a penny, where the Street had expected 38 cents. The bank’s net income came in...

Revolut Enables Direct Debit Payments For UK Clients
Digital Banking // November 28, 2019

Revolut has announced the launch of GBP Direct Debits, a new feature for its global financial retail and business platforms. The feature, which is for all EEA customers with local UK account details, will utilize Modulr’s Direct Debits Mandate, allowing customers to make all their...

Quick Reads
GoCardless Integrates A2A Payments App With Intuit QuickBooks in US

April 22, 2024
Global bank payment company GoCardless has launched an integration with Intuit QuickBooks in the United States. This regional integration builds on the existing relationship the two companies have in the United Kingdom, GoCardless said in a Monday (April 22) press release. The GoCardless app allows QuickBook users in the U.S. to use ACH-Pull for account-to-account […]

Visa Cooperates With DOJ Antitrust Probe Into Debit Card Practices

January 29, 2023
The U.S. Justice Department is continuing its investigation into Visa’s debit card practices. The payments giant is cooperating with the probe, which is “seeking additional documents and information focusing on U.S....

Revolut Enables Direct Debit Payments For UK Clients

November 28, 2019
Revolut has announced the launch of GBP Direct Debits, a new feature for its global financial retail and business platforms. The feature, which is for all EEA customers with local...