PYMNTS

DECEMBER 15, 2020

It’s hard to say which is the best part of buy now, pay later (BNPL). Debatably the most impactful payments innovation of recent years — and that’s saying something — BNPL is having a massive impact on retail, as evidenced by the proliferation of brands and the steady flow of venture capital to players that are defining the space.

BNPL 102

BNPL Credit Cards Research PayPal 102

FICO

OCTOBER 7, 2022

Buy Now, Pay Later: BNPL Fraud and Regulatory Update. Buy now, pay later or BNPL financing is experiencing tremendous growth, but that growth can bring potential growing pains like fraud and regulatory scrutiny. Even more dramatic, PayPal, a relatively late arrival to the party, saw its BNPL volumes soar 226% year over year.

BNPL 52

BNPL Account Takeovers CFPB Consumer Financial Protection Bureau (CFPB) 52

PYMNTS

DECEMBER 30, 2020

The migration of the procurement and purchasing process to seller platforms and digital marketplaces will be a driving force into 2021, B2B payment leaders agree, and this trend will drive further change in both payer and payee expectations. A higher portion of businesses across all credit tiers. Shifting Business (And Payment) Models.

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B2B Payer Payments BNPL 119

Clearly Payments

NOVEMBER 6, 2024

market’s total transaction volume in 2023 was over $10 trillion, encompassing credit and debit card transactions as well as Automated Clearing House (ACH) payments. Credit Card Transaction Volume : Credit card payments specifically accounted for around $5.6 trillion 2021 $4.2 trillion 2019 $4.0

Process 95

Process ISOs Credit Cards Online and Mobile Banking 95

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

SEPTEMBER 27, 2020

Sezzle , the installments payments platform, will be working on buy now, pay later (BNPL) services with Target , a press release says, which will test how the popular payment trend works with the retail giant's operations. Bork is responsible for Sezzle’s large-scale acquisition efforts.

BNPL 120

BNPL Credit Cards PayPal Payments Trends 120

PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Economists: Stimulus, Vaccine Key To Full Recovery By Year-End 2021. Capital One Halts BNPL Transactions On Its Credit Cards.

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Rules BNPL Caps Community Banks 52

Fintech Finance

MAY 24, 2024

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers. Accordingly, Buy Now, Pay Later lenders must provide consumers some key legal protections and rights that apply to conventional credit cards.

Disputes 89

Disputes CFPB Consumer Financial Protection Bureau (CFPB) Consumer 89

PYMNTS

DECEMBER 24, 2020

If there was a defining trend for payments in 2020, or a trend that gained the most traction compared to 2019, it was buy now, pay later (BNPL). Millennials lead in the early adoption of BNPL, especially older “ bridge millennials ,” or those aged 32 to 41 who tend to have more purchasing power than their younger counterparts.

RTP 104

RTP BNPL Real Time Payments Online and Mobile Banking 104

FICO

DECEMBER 15, 2021

BNPL Will Expand Amongst Mainstream Lenders. BNPL (buy now, pay later) will continue its rapid expansion in 2022 from its current position, where transactions values are expected to exceed £6 billion in 2021 in the UK alone. million API calls and 11 million Open Banking payments in the 6 months to August 2021 in the UK alone.

BNPL 52

BNPL Online and Mobile Banking Payment APIs and Integration Assessments 52

Finovate

FEBRUARY 2, 2024

The option also helps deal with the fact that less than a third of the adult population in Mexico has a credit card. By leveraging Kueski Pay, one of Mexico’s most popular buy now, pay later platforms, Amazon Mexico helps expand purchase financing beyond both credit as well as debit cards. Photo by Miguel Á.

BNPL 59

BNPL Online and Mobile Banking Debit Card Non-Bank 59

PYMNTS

DECEMBER 14, 2020

for two years, Afterpay — with its buy now, pay later (BNPL) interest-free installment loans — has gone from relative obscurity to the front page of the financial section this holiday season. Ninety percent of our transactions are paid with a debit card, not a credit card,” Molnar said. million U.S. Lower Loss Rates.

BNPL 129

BNPL Credit Cards Debit Card On-Demand 129

PYMNTS

JANUARY 25, 2021

Shoppers in the United States have long turned to credit cards to let them get the products now while delaying payments until they have a chance to save up. Consumer awareness of buy now, pay later (BNPL) options is increasingly rising as an alternative option. Interest in BNPL is not limited to the U.S.

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BNPL Consumer Credit Cards Payments 74

PYMNTS

JANUARY 27, 2021

These shoppers are taking a fresh look at when credit cards, debit cards and buy now, pay later (BNPL) options best serve their needs and circumstances, leading to new payment tool trends among both those who are and are not financially secure. . Looking Beyond Credit Cards.

Payments Tools 52

Payments Tools BNPL Consumer Credit Cards 52

Fintech News

SEPTEMBER 4, 2024

Lista (Philippines) Lista platform, Source: Lista Founded in 2021, Lista is a fast-growing financial management app in the Philippines, providing innovative solutions for both personal and business finances. It also includes a marketplace where users can compare credit cards and insurance plans tailored to their needs.

FinTech 114

FinTech Cross-Border Payment APIs and Integration Credit Cards 114

PYMNTS

DECEMBER 22, 2020

To get a sense of how bad it might have been: Traditional financial institutions (FIs), credit unions (CUs) among them, had been forecasting that returns on assets (ROAs) would have been within the range of 60 basis points to 75 basis points, dipping to 30 basis points in 2021.

Consumer 123

Consumer Credit Union BNPL Payment APIs and Integration 123

Fintech Finance

JUNE 14, 2024

New advanced payments solutions for French businesses on Stripe Starting this summer, Alma, the leading buy now, pay later (BNPL) provider in France with over 4 million active users, will be available as a payment method for all Stripe users. It can be turned on directly from the Stripe Dashboard with no code required.

AI 98

AI BNPL Credit Cards PayPal 98

PYMNTS

MARCH 10, 2020

Between 2018 and 2019, there was a 162 percent increase in buy now, pay later (BNPL) downloads – rising to roughly six million – of the most popular new “layaway” apps by the close of last year. Consumers love the delayed payment options and so do retailers, but the BNPL players themselves are loving their business model, too.

BNPL 54

BNPL Credit Cards Consumer Transactions 54

PYMNTS

DECEMBER 28, 2020

The Rise Of BNPL. Buy now, pay later (BNPL) had a big year in the consumer payments world, particularly as shoppers flocked online and gained access to integrated BNPL offerings right at the point of sale. Today, the implementation of trade credit is the closest mechanism the B2B payments landscape has to a BNPL model.

B2B 81

B2B BNPL Payments Third-Party Service Provider 81

FICO

JUNE 20, 2022

Tue, 03/23/2021 - 22:16. In our last blog post , we discussed key considerations in the impact to the FICO® Score of Buy Now, Pay Later (BNPL) accounts being included in the consumer credit file based on our research on data from a major BNPL provider in the U.S. by Suna Hafizogullari. expand_less Back To Top.

BNPL 52

BNPL Accounts Financial Inclusion Consumer 52

PYMNTS

SEPTEMBER 21, 2020

The transaction should reportedly close in Q1 2021 once regulatory approvals and other conditions are satisfied. Cape Debuts 'Recession Fighting' Credit Card. The new card is forecast to roll out next year and is geared toward small to medium-sized enterprises (SMEs).

Cross-Border Payments 89

Cross-Border Payments Cross-Border NACHA Cybersecurity 89

PYMNTS

SEPTEMBER 29, 2020

Marqeta’s TaaS is designed to fill a gap with legacy processors and to provide customers with access to its card-issuing platform. In July, Marqeta’s TaaS was adopted by J.P.Morgan in an effort to eliminate plastic from some of its credit cards. The global financial services company joined with Marqeta to issue virtual cards.

Card Issuer 60

Card Issuer Issuers Push-to-Card BNPL 60

PYMNTS

JANUARY 19, 2021

But many of those same customers are shifting their focus away from traditional credit, toward buy now, pay later (BNPL) models. And borrowing across LendingClub’s own portfolio has been focused not on credit card consolidation but on home improvement projects. High-Yield Savings.

Acquirers 116

Acquirers Credit Cards Debit Card BNPL 116

CB Insights

APRIL 22, 2021

Meanwhile, Apple is leaning on its sticky products and loyal customer base to offer consumer lending products like “buy now, pay later” (BNPL) options and credit cards. Our full report will be available in April 2021. FREE DOWNLOAD: STATE OF FINTECH q1’21 preview. First name. Company Name. Job Title.

Push-to-Card 36

Push-to-Card BNPL Credit Cards Small Business 36

Tearsheet

MARCH 21, 2024

Zoomer’s penchant for debit cards Given the ubiquitous acceptance of debit cards as one of the largest payment vehicles, Gen Z also leans toward this preference, with over two-thirds (69%) reporting daily or weekly usage. In contrast, only 39% of Gen Zers frequently use credit cards, compared to 51% among older generations.

Financial Literacy 59

Financial Literacy Debit Card Credit Cards Push-to-Card 59

PYMNTS

JULY 9, 2020

The IPO could come by 2021, Reuters reported. Marqeta, which formed in 2010 and specializes in simplifying the process of issuing payment cards, also recently partnered with buy now, pay later (BNPL) firm Afterpay to help that company expand its footprint in the U.S. Last year, Marqeta’s revenue doubled to around $300 million.

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BNPL Debit Card Processors Issuers 73

PYMNTS

NOVEMBER 12, 2020

Buy now, pay later (BNPL) options have exploded in terms of merchant and consumer interest on the BigCommerce platform, according to Rosales. Do they have BNPL options in place? A Glance Ahead To 2021. That’s what I hope for as we enter 2021.”. Do they have a holiday campaign ready to promote cross-channel?

PayPal 73

PayPal Economy BNPL Consumer 73

FICO

AUGUST 19, 2022

billion globally in 2021 – banks and credit unions are losing their status as the primary financial services providers to American consumers. Buy now, pay later (BNPL) has exploded in popularity over the last few years. This makes BNPL a dangerous competitor to banks’ payment and unsecured lending products.

Credit Union 52

Credit Union FinTech BNPL Online and Mobile Banking 52

PYMNTS

SEPTEMBER 23, 2020

In an announcement, Cape, a FinTech launched by former executives at Funding Options, 11:FS and Funding Circle, revealed its market debut and plans to launch a "recession fighting" credit card for businesses in need of buy now, pay later (BNPL) options.

B2B 87

B2B Commercial Card On-Demand Credit Cards 87

FICO

JANUARY 13, 2022

At the same time, there’s a perfect storm approaching combining insolvencies, job losses, interest rate rises and fuzzy but significant consumer over-commitments, driven in part by the rise in prevalence of BNPL (buy now, pay later) schemes. In November 2021 there were 134 active initiatives listed.

BNPL 52

BNPL Non-Bank On-Demand Push-to-Card 52

Fintech News

DECEMBER 17, 2023

Its products include the Akulaku virtual credit card and e-commerce platform, the Asetku online wealth management platform, and Bank Neo Commerce, a digital and open banking platform. Ajaib joined the unicorn club in October 2021 after a US$153 million Series B fundraise. Dana – US$1.13 billion With a value of US$1.13

FinTech 52

FinTech Financial Literacy Financial Inclusion Online and Mobile Banking 52

Finovate

MAY 17, 2024

Israel-based fintech Kima teamed up with Mastercard’s FinSec Innovation Lab to explore use cases for a “defi credit card.” Kazakhstan announced the availability to 10+ new CBDC card services since the launch of its digital tenge. Mexico-based BNPL platform Aplazo raised $70 million in new funding.

Cross-Border 59

Cross-Border P2P Cross-Border Payments Visa 59

Fintech Finance

JULY 23, 2024

Anecdotal evidence suggests that this trend is caused by increased numbers of shopping trips, the transition to hybrid working, the use of multiple bank accounts, and the increased use of Buy Now Pay Later (BNPL) services. They are the most used payment method amongst UK consumers across all age groups.

Contactless Payments 94

Contactless Payments Online and Mobile Banking Debit Card Payments 94

Fintech News

JANUARY 30, 2024

These e-wallets are linked to bank accounts, credit cards, or prepaid balances. In 2021 , HSBC integrated international payment and expense management functionalities into Oracle NetSuite’s banking platform, enabling enterprise clients to automate their accounts payable, receivable, and reconciliation processes.

Payments Trends 115

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 115

Fintech News

MAY 7, 2024

Uzum said it would use the proceeds from its Series A to advance “develop the country’s IT and logistics infrastructure”, as well as to fund its own buy now, pay later (BNPL) service. Consumers pay with their crypto, but merchants receive fiat money, exactly like a typical credit card transaction.

Payment APIs and Integration 124

Payment APIs and Integration Non-Bank Finance FinTech 124

FICO

JANUARY 18, 2023

There is also unease around BNPL as a competitive offering to traditional credit markets, its impact on consumers and the ability to successfully spot over-indebtedness. In November 2021 there were 134 active initiatives listed. Many consumers have been paying down debts; outstanding credit card debt decreased 3.7%

Posting 52

Posting Returns Addressing Origination 52

FICO

JULY 6, 2020

Over the same period, we have seen a significant growth in BNPL borrowing. Both of these factors are considered somewhat invisible to the typical credit bureau. Organisations need to look at how they secure that consent much earlier in the credit lifecycle and definitely at the point of early warning / pre delinquency.

Assessments 52

Assessments Online and Mobile Banking Risk Settlement 52