The Bankwatch

Tracking the consumer evolution of financial services

Capital One Debit MasterCard is back and national

This got my attention from Morris. I thought that Capone had cancelled their debti card programme, but it turns out they just wanted to re-release as their own service. Now this gets interesting. Not much to judge about the service on the US site linked from Morris’s post, so any additional information welcomed in the comments.

Decoupled Debit Card Lives Again! — from TMG’s Payment Industry Insider

NOW, all bets are off since CapOne has gone national and has tied it to their own reward program.

Potentially millions of consumers who are dissatisfied with their current bank or credit union, for whatever reason, may start using this debit card as their primary financial institution (PFI), since checks are virtually a thing of the past for a vast number of consumers already.

Written by Colin Henderson

July 3, 2008 at 00:57

Posted in Debit cards

One Response

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  1. […] Update 7/3: Scott Loftesness has also linked to this story on Glenbrook Partner’s Payments News blog, as has Colin Henderson of the BankWatch. […]

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