Contactless payment transaction volume is soaring in Canada to the point where total credit card transaction volume is edging out debit card transactions for the first time because many consumers are using credit cards to tap and pay. The difference is slight—6.047 billion credit card transactions were conducted in Canada in 2018 compared with 6.042…
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PayPal has been working to expand Venmo’s audience beyond millennials for more than a year, a strategy that it hopes to further with instant transfers. Bloomberg News For a fee of $0.25, users can deposit funds into their debit cards in up to 30 minutes, rather than current wait time of up to three days.…
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The fintech startup Douugh, which has built an artificial intelligence engine designed to help consumers regain financial health, and Choice Financial, a community bank based in Fargo, N.D., are teaming up to create a new digital bank account and debit card. The two firms will jointly launch a checking account and debit card with Douugh’s…
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In the U.S., Visa Direct has emerged as one of the few go-to tools for fast payments in a market that is overdue for such options. The product’s true test begins now, as Visa launches it in Europe, where faster payments options are far more plentiful. Among Visa’s biggest challenges will be Mastercard, which zoomed…
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