debit cards

Double-booking glitch at Capital One a red flag for all banks

01/04/18

Customers saw transactions recorded multiple times and experienced drained accounts and long hold times. It’s a warning to all financial institutions as they head further into mobile-only banking — glitches are more visible and painful and need to be addressed faster than ever.

[more]

Chasing rewards: Credit card use accelerates as debit slows

12/22/17

Both in dollar and transaction volume, credit card use is growing at a faster pace than debit use. Much of the growth is coming from affluent consumers who value rewards like 2% cash back on purchases.

[more]

Card networks must give banks, merchants a vote on fraud prevention

12/22/17

Companies like Visa and Mastercard make decisions about security in secrecy, without enough input from banks and merchants.

[more]

Some bitcoin investors can’t resist the urge to splurge

12/15/17

With Wall Street on board, investors look to spend coins on real estate or through bitcoin debit cards.

[more]

This mobile banking startup is bypassing FDIC insurance

11/30/17

Jiko hopes to convince consumers that their funds will be safe in Treasury bills, while also generating higher returns than they would in traditional bank accounts.

[more]

D.C. misses the point about overdraft: It helps consumers

11/21/17

Legislation and regulatory policy that takes a heavy-handed view of overdraft protection could remove a safe and convenient option for consumers managing their finances.

[more]

Wells Fargo softens overdraft policies as part of image overhaul

11/14/17

Under changes announced Tuesday, the San Francisco company will provide a one-day grace period on overdraft fees to its direct deposit customers. It also eliminated overdraft fees on all transactions of under $5.

[more]

Bank-issued bitcoin debit cards. No, really.

10/02/17

The explosion of interest in digital assets this year, and the multiplying of their market value, are making cryptocurrency debit cards newly attractive. Banks could partner with intermediaries or issue the cards directly, but obstacles remain before that day can arrive.

[more]

Equifax breach has banks tightening defenses, counseling customers

09/19/17

Normally tight-lipped about security moves, bankers tell how they are re-examining their systems for Equifax-like flaws and providing new cards, fresh accounts and reassuring advice for anxious customers.

[more]

Wooing millennials or ignoring them?

09/07/17

Fifth Third's Melissa Stevens targets millennials with new app. Meanwhile, regulators are accused of ignoring millennials. Plus, a Goldman Sachs wealth manager sues for discrimination.

[more]