Show HN: Level, a debit card that reimburses your ATM fees
Hi HN, I'm proud to be part of the team that is launching Level[1] -- a debit card/checking account combination whose goal is to remove the barrier to cash withdrawals by reimbursing ATM fees. There were numerous technical hurdles that had to be overcome to get to launch day, but for me personally the highlights were:
• Integrating with a third party payment processor to handle card issuance.
• When someone swipes their debit card, following the ISO 8583 specification for obtaining the transaction information (this is how we know if it's an ATM withdrawal).
• Using ACH/Stripe to allow customers to fund their checking accounts.
We also want to be competitive with our terms, so we offer a return of 2.1% APY on checking deposits. I'm happy to answer any questions, technical or otherwise!
[1] https://levelbank.com/
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