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FTC Refunds $12M To Consumer Victims Of Bogus Online Trial Memberships

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The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010. I Works asked consumers to provide their credit or debit card information to pay a $1.99 shipping, handling or processing fee. Recipients with mailing addresses outside the U.S.

Online 179
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Fed Consumer Finance Survey Reveals Online Banking Usage, (Slightly) Higher Debt Burdens

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But they show an increasing interest in online banking, an attempt to grow savings — and a higher debt burden. Transaction accounts — which the Federal Reserve reported include checking, savings, money market, call accounts, and prepaid debit cards — remained the most commonly held type of financial asset in 2019. Online Banking .

Survey 131
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Deep Dive: How Payment Card Networks Win Merchants Over

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billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible.

Cards 141
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Leader Of Russian Cybercrime Ring Pleads Guilty

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Launched in the Ukraine a decade ago, the internet-based cybercriminal enterprise stole identities, compromised debit and credit cards and personal, financial and banking information and spread computer malware, the Justice Department’s Criminal Division said in a statement.

Nevada 201
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Marqeta Preps For IPO, Had $4.3B Valuation In May

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Marqeta’s business allows companies to issue credit and debit cards to their staff, and the pandemic has given it a huge boost as people everywhere rely more on online shopping and food delivery, Reuters reported. In May, Marqeta raised $150 million in a private funding round and doubled its value to $4.3

Oakland 184
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A Debit-Enabled Fix To In-Store Checkout Abandonment

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Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Rising generations show a keen interest in debit cards, according to a new report.

Cards 165
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Amazon Gains Ground In Holdout Markets

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Take, for example, Italy, where Amazon has been operating since 2010 with what The New York Times describes as rather “muted success” since selling its first children’s book in the nation nearly a decade ago. The degree to which consumers intend to continue shopping online seems to depend on the types of products and services they purchase.

Marketing 237