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Debit Surge Has Ripple Effects On Networks And Issuers

PYMNTS

1) that it sees gross domestic product (GDP) returning to pre-pandemic levels by the middle of this year. That gives us a hint as to what might happen with debit spending, in a trend that was well-evidenced through the latest (and ongoing) earnings season. Increases in debit spending helped to buoy results, overall.

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Driving Corporate Card Innovation With Collaborations, Card Issuing Platforms

PYMNTS

The corporate card can have a home in the digital wallet thanks to collaborations and technology platforms designed for card issuers. FinTech firm Nium has teamed with Southeast Asia neo-bank Aspire to enable a mobile payments feature with its cards. The collaboration will make every Aspire card available through Google Pay.

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Plastiq Expands Services With Cash Payments Offering

PYMNTS

cash to be used on its payments platform, not just credit card payments, according to a press release emailed to PYMNTS. The release stated the new service enhances the company's offerings to allow businesses to pay their bills in one place with linked bank accounts or credit or debit cards to optimize cash flow management.

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Green Dot To Launch Mobile Banking For US Immigrants

PYMNTS

The press release states that the PODERCard is designed to combat the common truth that banking products are designed for the wealthy. A survey by Welcome Technologies of 10,000 immigrants found that only 44 percent used credit cards and 54 percent had savings accounts, the release states.

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Mastercard Introduces Sustainable Credit Card

PYMNTS

has introduced a sustainable credit card to consumers in more than a dozen countries made from recyclable, bio-sourced, chlorine-free, degradable and ocean plastics. The New York-based, multinational financial services (FI) company said six billion cards are produced annually from PVC. Santander plans to issue its cards shortly.

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FICO’s Take On Debit Security

PYMNTS

Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Around The Next-Gen Debit World. The solution is.

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Chime, Challenger Banks And The Challenges Of (Lofty) Valuations

PYMNTS

That’s especially true when looking at Chime’s model, which, though underpinned by some significant tailwinds wrought by the pandemic, rests on debit and prepaid cards, and on user interfaces … and, for would-be investors anticipating an IPO, an implied bet that challenger banks will dislodge incumbents. billion, as CNBC reported.