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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.

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X teams with Visa on new digital payments tool

Payments Dive

Billionaire Elon Musk’s social media site has forged an alliance with the card network giant to launch a new digital payments tool later this year.

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CFPB's Chopra blasts potential card hikes

Payments Dive

In a rare TV appearance, the director of the Consumer Financial Protection Bureau said that the payments industry isn't competitive enough and that fee hikes by the big card companies would add "insult to injury" at a time of inflation. He noted new fintech tools could ultimately be a benefit if they add competition.

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Google, Amex roll out anti-fraud tool

Payments Dive

Amex is the latest card company to tap a Google virtual card service aimed at increasing the security of online payments.

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Is Your Current Card Platform Holding You Back?

A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence.

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American Express Launches New Credit Score Management Tool

PYMNTS

11), Amex launched Score Goals , an online platform that augments and expands the card company’s established credit score tool, MyCredit Guide. Consumers interested in the new credit score management tool can establish an account at no charge via the MyCredit Guide. On Tuesday (Aug.

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Wells Fargo Debuts Digital Supplier Payment Tool

PYMNTS

19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others. To use the tool, customers electronically send payment instructions, which are routed to the WellsOne Virtual Card Payments service, the release stated.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation. faster than their competitors.