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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.

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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 .

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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.

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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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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

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Online Lending And A Tale Of Two Fed Studies

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Online consumer lending – in a variety of forms – has grown explosively over the last decade. In 2010, digital lenders originated $249 million in unsecured personal loans, and by 2016 that number had grown ninety-fold. So how did one branch of the Fed end up on such a different page from their counterparts? Cleveland’s Dark Outlook.

Study 101
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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.

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