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They can also manage privacy settings, the debit card PIN, and other controls. The Venmo Teen Debit Card offers no-fee cash withdrawals at participating ATMs. Some accounts may be eligible for Direct Deposit so teenagers can access wages from after-school and summer jobs. Why this can succeed: We expect Venmo Teen will reward Venmo with user and volume growth.

Visa is hiring more developers, and Mastercard recently launched a crypto payments card in Europe. But industry turmoil is forcing the card networks to rethink their strategies. Expect Mastercard to keep a close eye on the crypto market, but don鈥檛 be surprised if it waits for more stability and regulatory clarity before making any big moves.

The US economy hits speed bumps: A flurry of news events, a slowing labor market, and lackluster consumer confidence numbers are making it harder for retailers to convince consumers to spend.

The solution lets businesses create physical or virtual cards, which can open a new revenue stream for Checkout.com.

Business cards and money links can help address cross-border payment challenges.

Sightline Payments will work with Visa to power its Play+ cards, which can help digitize the cash-heavy casino and gaming sector.

The mega-retailers want to offer the instant payments rail as an alternative to fee-laden cards

The card network鈥檚 gross payment volume increased 8% YoY during Q4, but it anticipates a slowdown in revenue growth this quarter.

As retail media evolves, ad placements off-site and in-store will help grocery advertisers reach shoppers in new and more engaging ways, but consumers may not be in a spending mood as credit card balances grow and savings accounts shrink. If Amazon can get grocery right, it may be able to fight off losing share to Walmart. But if the Kroger-Albertsons merger goes through, it could change everything.

Consumers are more likely to actively engage in memberships through their credit or debit cards than directly with brands. This suggests there鈥檚 a huge opportunity for co-branded card partnerships, which can pair the massive scale of card issuers with customized offerings from retailers. 3. Meet consumers where they鈥檙e at. Ease and versatility are the keys to encouraging loyalty program adoption.

The card network鈥檚 volume grew 7% YoY in its fiscal Q1. Falling fintech valuations might help fuel long-term growth for Visa.

It will use Mastercard Send so customers in Australia and Hong Kong can send payments to more than 1.5 billion Mastercard cards.

The total value of contactless payments made with UK Barclays cards surged nearly 50% YoY thanks to regulatory changes and broader acceptance.

Alpha Kappa Alpha founded For Members Only Federal Credit Union to empower Black women to build generational wealth.

Launched in July 2023, the government-run service processes transactions in real time and, like ACH, for a lower cost than card transactions. However, transactions cannot be reversed once complete. FedNow is available to all US banks and credit unions regardless of size. Card payment networks capture around $130 billion in US revenues.