Coinbase announced last week a new Bitcoin debit card that will allow U.S. users to pay with Bitcoin anywhere Visa is accepted.
The fastest growing form of electronic payment in the U.S. are prepaid debit cards.
The Fed rule on debit card fees could have far-reaching effects on how consumers spend and save.
The debit card battle between retailers and banks has reached epic proportions. The plan by lawmakers is to slash the fees retailers pay banks every time a shopper uses a debit card. Both sides are spending millions of dollars to convince lawmakers that they’re looking out for average Americans.
The “digital wallet” will store the banks’ customers’ credit and debit card account information, both for Visa cards and other cards.
The world’s largest credit and debit card processing network, Visa Inc, is building a digital wallet that people can use to pay for things online or with their phones instead of with traditional cards.
J.P. Morgan Chase & Co. is mulling a $100 cap to help combat new rules.
Banks discussing limiting caps on debit-card transaction sizes may have a standard bearer in J.P. Morgan Chase & Co., which is mulling a $100 cap to help combat new rules.