Debits and credits

NORDEK Launches NORDEK Finnovate: A $10 Million Grant Program Revolutionizing Web3 Payments

Retrieved on: 
Sunday, November 19, 2023
Fintech, Movement, Global Reach, GTM, VISA, Tappa, MD, Knowledge, DEX, Debits and credits, Organization, Life, Cryptocurrency

Singapore, Singapore--(Newsfile Corp. - November 19, 2023) - NORDEK is proud to unveil "NORDEK Finnovate," a groundbreaking $10 million grant program specifically designed to revolutionize the Web3 payments space.

Key Points: 
  • Singapore, Singapore--(Newsfile Corp. - November 19, 2023) - NORDEK is proud to unveil "NORDEK Finnovate," a groundbreaking $10 million grant program specifically designed to revolutionize the Web3 payments space.
  • This program is meticulously crafted to support and accelerate the most promising projects in the Web3 payments arena.
  • NORDEK Finnovate is more than just a grant program; it's a movement towards a more inclusive and innovative financial ecosystem.
  • We invite startups, fintech innovators, and banking institutions to seize this opportunity and join us in revolutionizing the world of Web3 payments.

How do Latin Americans Make Their Payments? Mastercard Reveals the Preferences Behind the Payment Methods of Choice in Latin America and the Caribbean

Retrieved on: 
Wednesday, November 29, 2023
Technology, Retail, Finance, Banking, Online Retail, Personal Finance, Professional Services, Payments, Digital Cash Management, Digital Assets, Other Retail, Software, Fintech, Data Management, Security, Research, Debits and credits, Product-family engineering, Ageing, Privacy, Fraud, Latin Americans, Multimedia, Mastercard, Consumer, Ecosystem, Digital, Latin, Engineering, Digitalization, Thought, Cryptocurrency, Online shopping

Debit has been highlighted as the most important digital payment method, used by 63% of consumers.

Key Points: 
  • Debit has been highlighted as the most important digital payment method, used by 63% of consumers.
  • "Digitalization in Latin America is a phenomenon that is here to stay, as it is presented as a solution to the needs that Latin Americans face every day.
  • Mastercard has been known for being at the forefront of the most current technology trends and that includes innovating at the pace of consumers.
  • People in Latin America and the Caribbean continue to demonstrate their openness to testing new payment methods and their adoption of electronic payment methods.

Higher Ed is Path to Children's Future, say U.S. Parents in College Savings Foundation Survey

Retrieved on: 
Friday, November 10, 2023
Senior counsel, Computer, Debits and credits, Momentive (software company), Workforce, CSF, Book, Multimedia, Child, Parent, School, Credentialing, Education, Nursing, Tutoring, Bank

WASHINGTON, Nov. 10, 2023 /PRNewswire-PRWeb/ -- The vast majority of parents across the country see their children participating in higher education, with 81% expecting them to attend any of a growing variety of options, such as traditional 4-year college, vocational, and career and technical schools. Looking further, 89% believe that they will continue to require ongoing education and additional skills throughout their lifetimes. These are among key findings of the 17th annual State of Higher Ed Savings survey conducted by the College Savings Foundation (CSF) of 1,000 parents across the country.

Key Points: 
  • These are among key findings of the 17th annual State of Higher Ed Savings survey conducted by the College Savings Foundation (CSF) of 1,000 parents across the country.
  • 81% plan to fund their children's higher ed, with 28% paying primarily through savings, second only to the 37% of parents who expect help from grants, scholarships or direct aid.
  • The CSF 2023 State of Higher Ed Savings survey of parents was conducted with 1,000 parents across the country via Survey Monkey.
  • The College Savings Foundation (CSF) is a Washington, D.C.- based not-for-profit organization helping American families achieve their education savings goals for a lifetime.

Wirex Unveils Dual-Mode Card Transforming the Landscape of Financial Innovation

Retrieved on: 
Tuesday, October 17, 2023
Credit, Risk, Supreme directional control, Failure, Decentralized finance, AA, CDP, Element, Debits and credits, Cryptocurrency, Cassette tape

The Wirex Dual-Mode Card offers users flexibility and control over their financial assets, providing two distinct modes to cater to diverse preferences.

Key Points: 
  • The Wirex Dual-Mode Card offers users flexibility and control over their financial assets, providing two distinct modes to cater to diverse preferences.
  • Switching to Credit Mode, the Wirex Dual-Mode Card utilises crypto holdings as collateral through a Collateral Debt Position (CDP).
  • Pavel Matveev, CEO & Co-Founder of Wirex, said: "Wirex is proud to present the Dual-Mode Card, a catalyst for change in the financial landscape.
  • Stay tuned for more announcements regarding the availability of the Wirex Dual-Mode Card and experience a new era of financial freedom.

Wirex Unveils Dual-Mode Card Transforming the Landscape of Financial Innovation

Retrieved on: 
Tuesday, October 17, 2023
Credit, Risk, Supreme directional control, Failure, Decentralized finance, AA, CDP, Element, Debits and credits, Cryptocurrency, Cassette tape

Switching to Credit Mode, the Wirex Dual-Mode Card utilises crypto holdings as collateral through a Collateral Debt Position (CDP).

Key Points: 
  • Switching to Credit Mode, the Wirex Dual-Mode Card utilises crypto holdings as collateral through a Collateral Debt Position (CDP).
  • Pavel Matveev, CEO & Co-Founder of Wirex, said: "Wirex is proud to present the Dual-Mode Card, a catalyst for change in the financial landscape.
  • Taking innovation further, the Wirex Dual-Mode Card integrates with the Account Abstraction (AA) balance on the Wirex App Chain, providing exceptional benefits:
    Direct Control: By linking the card to the AA balance, Wirex ensures that users have direct control over their funds.
  • Stay tuned for more announcements regarding the availability of the Wirex Dual-Mode Card and experience a new era of financial freedom.

Interac survey shows Canadian entrepreneurs are embracing the nine-to-thrive

Retrieved on: 
Thursday, September 21, 2023
Transfer, Small business, Face, Interac, Sale, AVP, Interac e-Transfer, Motivation, From, Knowledge, Debits and credits, Online shopping

The Interac survey shows that some take pride in that memorable first sale (22 per cent), while for others it's achieving their first profit (25 per cent) or paying a salary for the first time (23 per cent).

Key Points: 
  • The Interac survey shows that some take pride in that memorable first sale (22 per cent), while for others it's achieving their first profit (25 per cent) or paying a salary for the first time (23 per cent).
  • The Interac survey extends beyond those with a side hustle to also include freelancers and small business owners with up to four employees.
  • Only 15 per cent of Canadian entrepreneurs had high confidence in their abilities to manage their business finances from day one.
  • Tracking payments and using your own money with Interac Debit or Interac e-Transfer can help avoid surprises at the end of the month, from extra fees or forgotten purchases.

Canadians leave their wallets at home as Interac Debit mobile contactless transactions surge 53% in the last year

Retrieved on: 
Wednesday, August 23, 2023
Gen, Friends, Smartphone, Interac, TTC, Generation Z, Restaurant, Generation X, Growth, Debits and credits, Family, Online shopping

Over one billion of these mobile transactions have taken place within a 12-month period for the first time ever.

Key Points: 
  • Over one billion of these mobile transactions have taken place within a 12-month period for the first time ever.
  • While Gen X Canadians appear to have more concerns about the security of mobile and contactless payments, their kids are influencing their payment habits.
  • Interac Debit mobile transactions at service stations have increased 48 per cent over the last 12 months.
  • As of this month, TTC riders in Ontario can pay their fare with Interac Debit using their smartphone or physical debit card.

Interac® Debit to be available for TTC riders

Retrieved on: 
Thursday, August 10, 2023
STL, Travel, Fredericton Transit, Lethbridge Transit, GTHA, Interac, GTA, TTC, Franco-Ontarians, Toronto Transit Commission, Translink, AVP, Toronto Transit Commission fares, Debits and credits, Metrolinx, Payment card, Online shopping, Growth, Greater Toronto Area

"With availability across the PRESTO network, transit users throughout the entire Greater Toronto Area can ride with confidence knowing debit is available.

Key Points: 
  • "With availability across the PRESTO network, transit users throughout the entire Greater Toronto Area can ride with confidence knowing debit is available.
  • Since the first launch of Interac Debit contactless payments on select transit agencies in 2021, approximately one-third (32 per cent) of Interac Debit transit transactions use a mobile wallet.
  • In May, Interac Debit became available as a contactless payment option on nine transit agencies across the PRESTO fare system .
  • "When transit agencies enable Interac Debit payments, they're offering riders a payment method that almost 30 million Canadians use for day-to-day transactions."

CPI Card Group Inc. Reports Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 8, 2023
Banking, Payments, Professional Services, Technology, Fintech, Borrowing base, Loss, Senior, CPI, Telephone, Tax, Software, GAAP, Scott Scheirman, LTM, EMV, Visa, Public expenditure, Debit and Credit, EBITDA, Retirement, Nature, ABL, Depreciation, Growth, Adjustment, Debits and credits, Credit, PMTS, Payment card, Bank, Online shopping, Financial services, Mobile phone, Film industry, Bookkeeping

CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the second quarter ended June 30, 2023 and updated its financial outlook for 2023.

Key Points: 
  • CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit, and prepaid solutions, today reported financial results for the second quarter ended June 30, 2023 and updated its financial outlook for 2023.
  • Net sales increased 1% year-over-year to $115 million in the second quarter of 2023.
  • Second quarter gross profit increased 1% to $40.8 million and gross profit margin was 35.5%, which compared to 35.8% in the prior year second quarter.
  • CPI Card Group Inc. will hold a conference call on August 8, 2023 at 9:00 a.m. Eastern Time (ET) to review its second quarter results.

Javelin Welcomes Elisa Tavilla as the Director of Debit Advisory Services

Retrieved on: 
Thursday, July 13, 2023
Prepayment, Paul H. Nitze School of Advanced International Studies, Federal Reserve Bank, Language, EMarketer, Research, Fulbright Program, Middlebury College, ATM, Federal Reserve Bank Building (Boston), Digital asset, EFT, SAN, Harvard Business School, Commercial, Javelin, Adelphi University, Debits and credits, Northwestern University, Economics, Kellogg School of Management, Bank

SAN FRANCISCO, July 13, 2023 (GLOBE NEWSWIRE) -- Javelin Strategy & Research is excited to announce Elisa Athonvarangkul Tavilla as the new Director of Debit Advisory Services.

Key Points: 
  • SAN FRANCISCO, July 13, 2023 (GLOBE NEWSWIRE) -- Javelin Strategy & Research is excited to announce Elisa Athonvarangkul Tavilla as the new Director of Debit Advisory Services.
  • Tavilla will head the Debit Advisory Services practice , making a strong addition to the Javelin team of payments subject matter experts.
  • Her impressive credentials will provide our clients with unparalleled insight in the debit space,” said Brian Riley, co-head of payments at Javelin.
  • “Elisa rounds out our payments bench strength with another exceptional expert.”
    Tavilla joins Javelin with more than 15 years of experience in global payments and research.