All articles tagged with #debit card
A Chuck E. Cheese mascot in Tallahassee was arrested for stealing a customer's debit card and using it for multiple purchases, after being identified by the victim through security footage. The employee initially denied the theft but was caught with the stolen card in his possession, leading to felony charges.
Wales is introducing a UK-first scheme where people with gluten intolerance or coeliac disease will receive preloaded debit-style cards to help cover the higher costs of gluten-free foods, aiming to de-medicalize and simplify access while supporting health and economic needs.
Wireless carriers such as Verizon, AT&T, and T-Mobile are now requiring customers to switch to a debit card or bank account withdrawal in order to receive the autopay discount on their plans, cutting back on credit card processing costs. AT&T and T-Mobile's new rule goes into effect in October, while Verizon's autopay discount can only be obtained with a Verizon Visa card. The change applies to all postpaid accounts, impacting both new and existing customers. While understandable due to high credit card processing fees, carriers continue to advertise plan pricing with the autopay discount, requiring customers to read the fine print.
A 13-year-old girl in China spent around $64,000 of her parents' money on mobile games this year, wiping out their savings account without their knowledge. She spent $16,800 buying game accounts and almost $30,000 on in-game purchases, and transferred money to at least 10 classmates who wanted to buy game products for themselves. Gaming addiction among youth in China is so prevalent that the country has introduced internet restrictions on teenagers and children.
A 13-year-old girl in China spent $64,000 on mobile games from January to May using her mother's debit card, wiping out her family's savings. She deleted chat and transaction records to hide the payments from her parents. Her mother has reached out to payment platforms for refunds but has yet to recoup her losses. Gaming addiction among youth in China is prevalent, and the government has introduced internet restrictions on teenagers and children.
Venmo will officially allow teenagers to open accounts with parental permission, expanding the app's market to an age demographic that has been using it already. The Venmo Teen Account will come with a debit card and parental controls, including transaction monitoring and privacy settings. The move is in response to frequent requests from users and could create 25 million potential new customers. Other banks, such as Chase, have also created similar products for children and teenagers.
Venmo is launching a new feature called Venmo Teen Accounts, which allows parents to create accounts for minors aged 13 to 17. The feature comes with a Venmo Teen Debit Card, which gives parents insight into spending, lets them send money, and allows them to manage privacy settings. The account has no monthly fees and the debit card will have no-fee cash withdrawals at ATMs. Teen accounts will be eligible for direct deposit and will be available to select users in June 2023.
Venmo is launching teen accounts, which allow parents to open an account for their teenagers to send and receive money. The account comes with a Venmo Teen Debit Card and is managed by the parent's personal Venmo account. Parents can monitor transactions, manage privacy settings, and send money to their teen. Teens can track their own spending and may be eligible to receive direct deposits. Venmo is targeting young consumers and parents to build money management skills together. The Venmo Teen Account is rolling out to select customers next month and will be widely available in the coming weeks.
Venmo is launching a new service that allows parents to open a Venmo account for children between the ages of 13-17 to send and receive money via the app. Venmo Teen accounts also come with a debit card and controls for parents to monitor transactions and manage their child’s privacy settings. Parents or legal guardians must sign up for a Venmo Teen account on behalf of their children. Each Venmo Teen account is connected to the parent’s personal Venmo account, which allows guardians to send money to their teen, monitor their account balance and transactions, and manage their privacy settings.