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Google developing its own Smart Debit Card

20Apr By AdityaNo Comments

Tech

Google developing its own Smart Debit Card

US-based online Search giant Google is working on to develop its own smart debit card which can work physical and virtual both. According to Techcrunch, Google is currently developing its own virtual debit and credit cards which will be associated with Gpay accounts of users. Users can purchase things with a card, mobile phone or online. The card will attach with Google payment service which known as Google pay has 67 million users across the globe. The card will connect to a Google pay app that will allow users to monitor purchases, check account balance or lock their account. To make the card payment work, Google partners with several banks which include CITI and Stanford Federal Credit Union. After launch, Google Pay will directly compete with Apple's own virtual pay...

Spending on U.S. Credit, Debit, and Prepaid Cards to Top $10 trillion

12Nov By PriyankaNo Comments

USA

Spending on U.S. Credit, Debit, and Prepaid Cards to Top $10 trillion

CARPINTERIA, Calif., Nov. 11, 2019- Spending for goods and services initiated by credit, debit, and prepaid cards issued in the United States, which totaled $7.266 trillion in 2018, is projected to reach $10.086 trillion in 2023 according to statistics released this week from The Nilson Report, the leading card, and mobile payment industry trade publication. At the end of 2018, there were 6.96 billion credit, debit, and prepaid cards in circulation in the U.S. That total is expected to reach 8.02 billion at the end of 2023. "When nearly 7 billion payment cards generate more than $7 trillion in purchases of goods and services…you have to conclude the state of the card business is very good," said David Robertson, Publisher of The Nilson Report. Credit cards accounted for 54.17% of...

Paytm To Introduce Offline PoS System For Merchants

12Jun By Gauri SinghNo Comments

News

Paytm To Introduce Offline PoS System For Merchants

Online payments firm Paytm, run by One97 Communications Pvt. Ltd. is supposedly planning to soon introduce offline physical point-of-sales (PoS) terminal for its merchant customers. After QR code feature, Paytm is now enabling cards payments at merchant locations. According to the reports, it is being anticipated that will bring in two types of PoS terminals : - Traditional PoS terminals, which work on GPS or landline. - Mobile PoS terminals, which mostly work through a smartphone. “The idea is to offer users all forms of digital payments. What Paytm is doing through UPI encouraging bank-to-bank transfers, this is something similar to where they are entering into all forms of digital payments through PoS,” the report stated. “Paytm already has QR payment faci...

TCS Launched Single Merchant Pay to Help Retailers

25Apr By PriyankaNo Comments

News

TCS Launched Single Merchant Pay to Help Retailers

Tata Consultancy Services (TCS) has launched Merchant Pay to help retailers seamlessly integrate payments across multiple channels like Aadhaar, credit and debit card as well as phone-based payments through a single interface. Merchant Pay will allow consumers to transact by using fingerprint and confirming identity at stores that are enabled with this platform, TCS said at a statement. "With numerous digital payment methods like UPI, eWallets, Aadhaar Pay, Debit and Credit cards available, there was a need for a unified platform that integrates all digital payment methods offering convenience to customers and also allowing merchants to accept any form of digital payment," TCS President Growth Markets Ravi Viswanathan said. "The Merchant Pay platform will effectively integrate with va...