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

SoFi Deposits Grow 16% Over Last Year Amid ‘Cross-Buy’ Opportunities
SoFi Deposits Grow 16% Over Last Year Amid ‘Cross-Buy’ Opportunities
April 29, 2024  |  Earnings

SoFi Technologies’ latest quarterly earnings results released Monday (April 29) showed a surge in direct deposit activity — and that more customers are using SoFi Money accounts for those...

READ MORE >
Wells Fargo Sees Brighter Days for US Consumer Spending
Wells Fargo Sees Brighter Days for US Consumer Spending
April 12, 2024  |  Earnings

The opening week of first-quarter earnings season was billed as a referendum on the state of the U.S. economy, specifically consumer spending. While Wells Fargo didn’t post...

READ MORE >
Bank Earnings May Highlight Volatile Consumer Spending
Bank Earnings May Highlight Volatile Consumer Spending
April 09, 2024  |  Earnings

Friday marks the beginning of earnings season. And, as is always the case, every three months, the big banks will give a glimpse into the...

READ MORE >
More Than 30% of Card Users Opt for Cash Back Rewards
More Than 30% of Card Users Opt for Cash Back Rewards
April 02, 2024  |  Loyalty & Rewards

While it’s common for businesses to foster customer loyalty by offering perks in exchange for purchases, cardholders have a certain degree of dissatisfaction with the...

READ MORE >
Judge Sides With PayPal in CFPB Lawsuit Regarding Digital Wallets
Judge Sides With PayPal in CFPB Lawsuit Regarding Digital Wallets
April 01, 2024  |  Legal

PayPal won a legal victory against the U.S. consumer protection watchdog. According to court documents cited in a Friday (March 29) Law 360 report, U.S. District...

READ MORE >
As Chime Mulls IPO, Neobanks Grapple With Uneven Profitability
As Chime Mulls IPO, Neobanks Grapple With Uneven Profitability
March 26, 2024  |  Digital Banking

As they say in horse racing and on Wall Street: You pays your money and you takes your choice. The news that Chime Financial is mulling an...

READ MORE >
Thredd Enters US Card Issuing Market With B4B Partnership
Thredd Enters US Card Issuing Market With B4B Partnership
March 19, 2024  |  Partnerships

Payments processor Thredd has entered the U.S. debit and prepaid card issuing market. The company announced this milestone Tuesday (March 19), saying it was happening...

READ MORE >
FIS and Stratyfy Team to Combat Card Fraud
FIS and Stratyfy Team to Combat Card Fraud
March 18, 2024  |  Partnerships

FIS joined forces with software firm Stratyfy to combat fraudulent card transactions. The collaboration employs the FIS SecurLOCK card fraud management solution to spot and prevent fraudulent transactions, according to...

READ MORE >
Alviere Debuts Merchant-Funded Rewards for Co-Branded Cards
Alviere Debuts Merchant-Funded Rewards for Co-Branded Cards
March 06, 2024  |  Loyalty & Rewards

Embedded finance platform provider Alviere is letting its clients expand their co-branded debit card incentives. The expansion allows customers to offer merchant-funded rewards, the company said in a...

READ MORE >