Fintech’s Fraud Problem: Why Some Merchants Are Shunning Digital Bank Cards
Digital-first “neobanks” like Chime are one of the hottest sectors in the fintech revolution. ...

When Robyn Mathis, a 41-year-old food production plant worker from Brunswick, Georgia, stepped off a flight to Philadelphia last June, she expected an easy passage to her destination. She was set to pick up her rental car and charge it to her Chime card, as she had done several times before. For the last few years, the digital bank’s debit and credit cards had been her payment methods of choice. But at the Budget car rental desk at Philadelphia’s International Airport, Mathis got an unpleasant surprise.

Budget would not accept her Chime credit or debit card. Frustrated, Mathis, who was traveling with her two college-aged children, called other airport rental outlets—Enterprise, Avis and Dollar. All said they wouldn’t take her card. After two hours, Mathis finally gave up and called an Uber. Fintech had failed her....

Read more: https://onlinemarketingscoops.com/fintechs-fraud-problem-why-some-merchants-are-shunning-digital-bank-cards/

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