PYMNTS
MAY 19, 2020
The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010. I Works asked consumers to provide their credit or debit card information to pay a $1.99 shipping, handling or processing fee. Recipients with mailing addresses outside the U.S.
PYMNTS
SEPTEMBER 29, 2020
But they show an increasing interest in online banking, an attempt to grow savings — and a higher debt burden. Transaction accounts — which the Federal Reserve reported include checking, savings, money market, call accounts, and prepaid debit cards — remained the most commonly held type of financial asset in 2019. Online Banking .
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PYMNTS
APRIL 1, 2020
billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible.
PYMNTS
MARCH 30, 2020
Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Rising generations show a keen interest in debit cards, according to a new report.
PYMNTS
JULY 9, 2020
Marqeta’s business allows companies to issue credit and debit cards to their staff, and the pandemic has given it a huge boost as people everywhere rely more on online shopping and food delivery, Reuters reported. In May, Marqeta raised $150 million in a private funding round and doubled its value to $4.3
PYMNTS
JUNE 29, 2020
Launched in the Ukraine a decade ago, the internet-based cybercriminal enterprise stole identities, compromised debit and credit cards and personal, financial and banking information and spread computer malware, the Justice Department’s Criminal Division said in a statement.
PYMNTS
FEBRUARY 26, 2020
Founded in 2010, Sightline has experienced 744 percent revenue growth since 2015. Its client roster includes MGM Resorts, Caesars Resorts, and Hard Rock Hotel and Casino; the Oregon and Pennsylvania state lotteries; Churchill Downs; Golden Nugget online; and DraftKings, FanDuel, William Hill, and Rush Street sports, among others.
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