Debit card

Card to Exceed Cash Payment in Germany for the First Time in History

Thursday, September 17, 2020 - 7:03am

More payments will be made through card than cash in Germany in 2020, according to global market research company Euromonitor International, a first in history for the German consumer payment market.

Key Points: 
  • More payments will be made through card than cash in Germany in 2020, according to global market research company Euromonitor International, a first in history for the German consumer payment market.
  • According to the white paper The German Consumer: Rapid Evolution Amidst the Crisis , total card payment transaction value in Germany is projected to surge by 28%, while cash transactions will drop by 34% in 2019-2025.
  • As a response to the COVID-19 pandemic, German consumers showed an abrupt shift in payment behaviours, increasingly using card payments over physical cash for hygiene reasons.
  • German consumers are set to become heavy payment card users by 2040, with an increase in their mobile device usage for payments.

GameStop Teams Up with QuadPay to Power Buy Now Pay Later Installment Payments in All Retail Locations and at GameStop.com Ahead of the Holiday Shopping Season

Thursday, September 17, 2020 - 12:10am

QuadPay is available now at GameStops retail stores and at GameStop.com.

Key Points: 
  • QuadPay is available now at GameStops retail stores and at GameStop.com.
  • QuadPay lets consumers split any purchase into four interest-free installments paid over six weeks using their existing credit card or debit card when they shop online or in-store.
  • The retailer operates thousands of locations around the world under the GameStop, EB Games and Micromania retail brands.
  • GameStop, EB Games, and Micromania are part of GameStop Corp. (NYSE: GME), a global specialty retailer that makes the most popular technologies affordable and simple.

BuyLottoNow® Cashless Lottery Mobile Payment Platform Brings Zero Percent Merchant Processing Fees to 30,000 Convenience Stores

Wednesday, September 16, 2020 - 4:00pm

Today, BuyLottoNow is bringing its proprietary decoupled debit mobile payment platform featuring no processing fees to c-store operators.

Key Points: 
  • Today, BuyLottoNow is bringing its proprietary decoupled debit mobile payment platform featuring no processing fees to c-store operators.
  • In addition to no processing fees, BuyLottoNow makes lottery a potential winning loyalty program that can drive increased in-store foot traffic through merchant branded no cost email campaigns.
  • While the nation continues its rapid movement away from cash transactions, high processing fees mean convenience retailers won't be able to accept cash for Lotto sales.
  • Interested parties can learn more about the merchant and consumer benefits of the BuyLottoNow payment platform from the following two videos that can be found at:

Immediate Announces New Integration With Visa Making Earned Wages Available to Workers in Real-Time

Wednesday, September 16, 2020 - 2:24pm

Immediate aims to improve the financial well-being of millions of Americans by providing on-demand access to earned wages, working directly with employers to make this benefit available to employees.

Key Points: 
  • Immediate aims to improve the financial well-being of millions of Americans by providing on-demand access to earned wages, working directly with employers to make this benefit available to employees.
  • Funds can also be transferred directly to an individual's bank account or to a debit card provided by Immediate.
  • Immediate partners with employers to provide earned wage access as a voluntary benefit to employees.
  • Immediate partners with employers to provide their employees with wages that have been earned but not paid, whenever they are needed.

DeFi Debit Card Firm Monolith Announces the Ability to Buy Crypto in App

Tuesday, September 15, 2020 - 5:00pm

In 2018, Monolith broke new ground for the Defi economy by offering customers the ability to hold crypto but spend 's or 's in the real economy through its debit card offering.

Key Points: 
  • In 2018, Monolith broke new ground for the Defi economy by offering customers the ability to hold crypto but spend 's or 's in the real economy through its debit card offering.
  • Monolith's ability to spend via its Debit Card has long been heralded as the backbone of an experience that transcends the current financial paradigm.
  • With Monolith now offering the ability to buy crypto, it makes the Monolith Defi finance experience even smoother and seamless.
  • "We are quite simply the best way to get into and out of DeFi" Monolith CEO Mel Gelderman said.

Oman Cards and Payments Opportunities and Risks Report 2020-2024 - ResearchAndMarkets.com

Tuesday, September 15, 2020 - 2:49pm

The "Oman Cards and Payments - Opportunities and Risks to 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Oman Cards and Payments - Opportunities and Risks to 2024" report has been added to ResearchAndMarkets.com's offering.
  • The 'Oman Cards and Payments - Opportunities and Risks to 2024' report provides detailed analysis of market trends in Oman's cards and payments industry.
  • This report provides top-level market analysis, information and insights into Oman's cards and payments industry, including
    Current and forecast values for each market in Oman's cards and payments industry, including debit and credit cards.
  • Contactless payments are gaining prominence in Oman, with many leading banks now offering contactless cards to their customers.

Fifth Third Bank Helps Customers Pay Down $5 Million in Student Loan Debt

Tuesday, September 15, 2020 - 2:15pm

Fifth Third MomentumTM recently hit a milestone: It now has helped customers pay down $5 million in student loan debt.

Key Points: 
  • Fifth Third MomentumTM recently hit a milestone: It now has helped customers pay down $5 million in student loan debt.
  • The Fifth Third Momentum app, which launched three years ago, allows customers to round up their debit card purchases to apply to a student loan.
  • View the full release here: https://www.businesswire.com/news/home/20200915005836/en/
    Fifth Third's Momentum app has helped customers pay down more than $5 million in student loan debt.
  • Were so happy to have helped our customers already pay down $5 million in student loan debt and look forward to many multiples of that number.

DeFi Debit Card firm Monolith Announces the Ability to Buy Crypto in App

Monday, September 14, 2020 - 2:00pm

Closing the loop on DeFi:

Key Points: 
  • Closing the loop on DeFi:
    In 2018, Monolith broke new ground for the Defi economy by offering customers the ability to hold crypto but spend 's or 's in the real economy through its debit card offering.
  • Monolith's ability to spend via its Debit Card has long been heralded as the backbone of an experience that transcends the current financial paradigm.
  • With Monolith now offering the ability to buy crypto, it makes the Monolith Defi finance experience even smoother and seamless.
  • "We are quite simply the best way to get into and out of DeFi" Monolith CEO Mel Gelderman said.

Businesses Struggle to Seize Fintech Opportunities Due to Tech Challenges, Says KnowByLity's White Label Platform Experts

Monday, September 14, 2020 - 11:00am

That is especially true when it comes to white label prepaid card programs, according to Steven Foster, Founder, KnowByLity (KBL) .

Key Points: 
  • That is especially true when it comes to white label prepaid card programs, according to Steven Foster, Founder, KnowByLity (KBL) .
  • KBL, for its part, is a global provider of prepaid card issuing software design and management that helps clients with end-to-end white label prepaid card issuing and management.
  • White label prepaid programs let businesses put their logo on a Visa or Mastercard as a revenue-generating and/or brand-building tool.
  • KBL's job is to make it easier for businesses to seize the opportunities presented by prepaid white label programs that are available to them," added Foster.

Facteus Launches Consumer Spending Report: Finding Conviction Post COVID-19

Thursday, September 10, 2020 - 2:00pm

Facteus , the leading provider of actionable insights from financial data, today published the Facteus Consumer-Spending Report: Finding Conviction Post COVID-19.

Key Points: 
  • Facteus , the leading provider of actionable insights from financial data, today published the Facteus Consumer-Spending Report: Finding Conviction Post COVID-19.
  • The report provides a critical lens into the impact of COVID-19 on consumer behaviors and transaction trends.
  • Facteus transaction data incorporates credit and debit card purchases, and transactions through payroll and corporate-expense accounts.
  • Business and investment analysts using Facteus data gain a granular understanding of consumer behavior trends at the industry level (retail, entertainment, hospitality, etc.)