debit

Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.

Source: en.wikipedia.org

The Days of Manual Credit Card Reconciliation Processes Are Numbered
The Days of Manual Credit Card Reconciliation Processes Are Numbered
December 07, 2021  |  B2B Payments

“An arduous and labor-intensive affair.” That is how Sam Seaton, CEO of open data platform Moneyhub, describes the financial month-end close process of reconciling credit...

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New Study: Debit, Credit in Physical Stores Pull Ahead of Digital Wallets
New Study: Debit, Credit in Physical Stores Pull Ahead of Digital Wallets
December 06, 2021  |  Payment Methods

In early December 2019, few had yet heard of COVID-19. News reports were only just trickling in. It didn’t seem like the entire world was...

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Bob Dole’s Passing Spurs Thoughts on Debit’s Heady Rise Since 1996
Bob Dole’s Passing Spurs Thoughts on Debit’s Heady Rise Since 1996
December 06, 2021  |  Payment Methods

Bob Dole died this weekend, at the age of 98. Whatever your view of his politics or career might be, his passing gives cause to...

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How Consumers Pay for the Half-Trillion Dollars They Spend Every Month
How Consumers Pay for the Half-Trillion Dollars They Spend Every Month
December 06, 2021  |  Consumer Finance

Consumers in the United States spend a collective $555 billion each month buying groceries, food, retail products and travel-related purchases — and the way they...

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23 New York City Restaurants Under Fire for Refusing to Take Cash
23 New York City Restaurants Under Fire for Refusing to Take Cash
December 05, 2021  |  Cash

New York City has leveled tens of thousands of dollars in fines so far on businesses not taking payments in cash, a New York Post...

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CFPB Looks Forward to Tech, After a Year Focused on Mortgages and Lending Practices
CFPB Looks Forward to Tech, After a Year Focused on Mortgages and Lending Practices
December 03, 2021  |  CFPB

Predicting the Consumer Financial Protection Bureau’s agenda for 2022 based on this year’s rulemaking isn’t quite as easy this year, as the bureau was without...

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Amex, FinTech Opy Team on ‘Buy Now, Pay Smarter’ for Members, POS Merchant Option
Amex, FinTech Opy Team on ‘Buy Now, Pay Smarter’ for Members, POS Merchant Option
December 02, 2021  |  Buy Now Pay Later

Openpay, the diversified payment and POS lending FinTech, has teamed with American Express to help offer more access to lending and payments for bigger purchases,...

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Consumers Opted to Pay for Black Friday Purchases With Debit, Cash on Hand
Consumers Opted to Pay for Black Friday Purchases With Debit, Cash on Hand
November 29, 2021  |  Payment Methods

Black Friday has come and gone, and most people are likely immersed in Cyber Monday deals. But data gleaned over Black Friday’s in-store and online...

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Visa Says Indian Government Favors Domestic Payments Company RuPay
Visa Says Indian Government Favors Domestic Payments Company RuPay
November 28, 2021  |  Payment Methods

Visa has raised concerns with the U.S. Trade Representative (USTR) about India favoring the domestic payments card provider RuPay, three years after Mastercard did so privately in 2018, Reuters reported Sunday...

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