Would you spy on granny’s financial transactions? Debit card launched to prevent financial abuse

A new financial services company has launched a debit card that allows families, friends and carers to manage an elderly person’s financial affairs through a virtual or physical debit card. The co-founder of GuardianCard, Nick Thompson, says the business and card were created to prevent the elderly being subjected to theft and other types of … Read more

Mobile wallets like Apple Pay made up more online purchases than debit cards in 2020  

Smartphone payment methods like Apple and Google Pay were used for more online purchases last year in Britain than physical debit cards were, a new report suggests. So-called ‘mobile wallet’ payments were used for just under a third of all online transactions in 2020, with debit cards used for 29 per cent, according to payment … Read more

Fintech start-up Lanistar drops celebrity backer claims as Instagram influencers promote debit card

Fintech start-up Lanistar drops celebrity backer claims after 3,000 Instagram influencers were paid to promote its debit card Lanistar signed up footballer Kevin de Bruyne and Love Island’s Amber Gill It claimed to be ‘part-owned’ by ‘influential people’ in its launch campaign  But the company has since dropped those claims  Lanistar could not say how … Read more

FCA takes down warning notice about debit card start-up Lanistar

FCA takes down Lanistar warning notice after the fintech firm pledges to make clear debit card marketed by influencers won’t launch until January Lanistar launched a viral marketing campaign last week to drum up interest It claimed its debit card would be the ‘world’s most secure’   The FCA warned last Wednesday it was operating without … Read more

Lanistar: Debit card start-up attracts attention of the FCA

A fintech start-up which paid more than 3,000 influencers including Premier League footballers and Love Island stars to promote a debit card it claimed would be ‘one of the world’s most secure’ has been accused by the financial regulator of peddling its products without authorisation. The Financial Conduct Authority issued a warning about Lanistar, which … Read more

Record £59.1bn spent on debit cards in July

Record £59.1bn spent on debit cards in July amid signs that coronavirus is accelerating shopping on the internet By Daily Mail City & Finance Reporter Published: 21:50 BST, 16 October 2020 | Updated: 21:50 BST, 16 October 2020 A record £59.1billion was spent on debit cards in July amid signs that the pandemic is accelerating … Read more

Travel money: Best debit and credit cards to use abroad

Most British holidaymakers were previously resigned to the fact that they won’t be able to head abroad this summer due to the coronavirus pandemic causing travel havoc.  However, reports suggest that the Government is mulling potential ‘air bridge’ countries which could see Brits head abroad to low-infection countries without facing quarantine on their return to the … Read more

Samsung Pay expands to take on rival Apple with launch of branded debit card this summer 

Samsung Pay expands to take on rival Apple with launch of branded debit card this summer Samsung Pay launched in 2015, but was a digital service on the smartphone Now, the firm is rolling out a branded debit card to users this summer The card will also  support a cash management account with SoFi The move … Read more