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How to Increase Debit Card Profitability

South State Correspondent

While there are many overlooked products in banking, the debit card is perhaps the greatest. The product generates significant fees and helps drive deposit balances, yet debit cards rarely get a mention in strategy, marketing, or customer profitability circles. Debit Card Profitability We will start with debit card profitability.

Cards 195
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Deutsche Bank report sees mobile payments surge, but cash remains critical

Payments Dive

A new report from Deutsche Bank says that mobile payment adoption will surge in the next five years, but cash will remain a critical part of many economies. In the developing world, underbanked consumers are moving straight from cash-based economies to mobile adoption, and skipping over the adoption of plastic credit and debit cards.

Mobile 424
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How mobile payments are changing the restaurant industry

Payments Dive

Mobile payment acceptance is leading to rapid change in the restaurant industry, impacting everything from credit card use to delivery and online ordering as well as customer loyalty.

Industry 397
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The end of cards and cash … just fifteen years late

Chris Skinner

I just received a report from Deloitte about credit and debit cards. It says the future is not so bright: “more payment choices, along with changing consumer preferences, are threatening the long-term viability of the credit card business model.” I said that fifteen years ago.

Cards 532
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Elan On The Four Pillars Of A Successful Mobile Card App

PYMNTS

The plastic card, by necessity, is giving way to digital cards, and mobile apps are bringing card-not-present transactions, increasingly, to mobile devices. She noted that mobile app use is up double-digit percentages as of April, when the pandemic shifted so much of everyday life online.

Mobile 266
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T-Mobile, AT&T follow Verizon on discouraging credit cards for bill-pay

Payments Dive

The telecom carriers are incentivizing customers to use their debit cards or bank accounts, as opposed to credit cards, in automatic bill-pay programs.

Cards 370
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Mobile payment adoption just might be on the verge of a breakthrough

Payments Dive

Despite years of hype and expectations that failed to materialize, mobile payment adoption in the U.S. may be close to a breakthrough as issuers transition to contactless cards and retailers make significant upgrades in POS systems.

Mobile 406