Tearsheet

MAY 9, 2024

While certain aspects of the Klarna card issued by WebBank may resemble those of typical credit cards, there are distinctive nuances to consider. We see it as a problem that the credit card debt in the US is hitting record levels, and we believe our options are healthier and more sustainable.”

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Fintech News

JUNE 12, 2024

In the rapidly evolving digital landscape, traditional credit cards face the challenge of staying relevant amidst the rise of digital wallets and changing consumer expectations. The emergence of Cards-as-a-Service (CaaS) offers a transformative solution that can help credit cards adapt and thrive in this new era.

Credit Cards 52

Credit Cards Payment APIs and Integration Card Issuer Non-Bank 52

Finovate

MARCH 20, 2024

Galileo has expanded its BNPL tool to allow banks and fintechs to offer cardholders post-purchase installment payment options. The new feature works with firms’ existing debit and credit programs and allows consumers to select up to five historical transactions to move into a BNPL payment plan. Curve, a U.K.-based

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Stax

JULY 18, 2024

Unfortunately, your primary credit card is maxed out, and there’s a slim wiggle room on the other. That’s the charm of Buy Now Pay Later (BNPL) plans. No wonder, American consumers used BNPL for purchases worth a whopping $16.6 No wonder, American consumers used BNPL for purchases worth a whopping $16.6

PayPal 88

PayPal BNPL Credit Cards Debit Card 88

Fintech Finance

MARCH 19, 2024

(NASDAQ: SOFI), announced today an expansion of its Buy Now, Pay Later offering that allows banks and fintechs to offer cardholders new post-purchase installment payment options via their existing debit or credit card account.

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FICO

JUNE 14, 2021

Invitations to buy even the smallest items on an installment plan seem to be everywhere online, and in-store, too: called “buy now, pay later” or BNPL loans, these offers let consumers buy what they want, now, and pay for it over time in four equal payments. BNPL: Even the smallest purchases can now be broken into bite-size chunks. .

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PYMNTS

MARCH 9, 2020

The ease and speed of credit cards and similar payment methods spook many consumers, especially when such transactions often lead to interest rate fees and other costs later in the year, souring in-the-moment purchases. This is prompting retailers outside the luxury space to explore buy now, pay later (BNPL) options.

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PYMNTS

MARCH 2, 2020

The buy, now pay later (BNPL) technology firm Splitit Payments has partnered with Visa to advance installment payments for merchants and evaluate possibilities for new products, Splitit announced on Monday (March 2). “We Splitit works with a user’s credit or debit card and does not require applications or credit checks.

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BNPL Debit Card Payments B2B 56

Finovate

FEBRUARY 2, 2024

Account holders will have access to both a digital and a physical debit card that includes a feature that enables them to allocate their savings toward specific goals. Card holders can use their physical card at more than 10,000 Banorte ATMs. ” Kueski Pay has provided nearly 15 million loans to date.

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BNPL Online and Mobile Banking Debit Card Non-Bank 58

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.

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BNPL Credit Cards Debit Card On-Demand 129

PYMNTS

MAY 4, 2020

“Buy now, pay later” (BNPL) options are very popular — when people know they exist, that is. The confluence of debt fear and a desire to buy cool stuff keep nudging BNPL growth. Several factors have led to this affinity for BNPL solutions, one of which is a general unease about traditional credit options,” the report states.

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BNPL Credit Cards Debit Card Consumer 89

Clearly Payments

FEBRUARY 14, 2024

Card Associations (Credit Card Networks): Credit card networks like Visa and Mastercard govern the rules of credit and debit card transactions, facilitating the global movement of funds. billion cards in circulation in the US in 2022, they play a significant role. With over 7.2

Payments 79

Payments BNPL Value Added Service Payment Gateways 79

PYMNTS

MAY 22, 2020

Millions are doing so with “buy now, pay later” (BNPL) lending at the point-of-sale. data has shown a significant shift to debit over the COVID-19 period, beginning in March — now with 90 percent of consumers electing to use their debit cards to pay for their installments,” Nick Molnar, U.S. Afterpay’s U.S.

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BNPL Payments Debit Card Credit Cards 56

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

Stax

AUGUST 20, 2024

Airline credit cards, payment plans for costly items, and car rental insurance are forms of embedded finance that have been around for a while. In fact, the origins of embedded finance can be traced back to the 1950s when Ford launched the Ford Credit to provide financing options for car buyers.

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PYMNTS

JULY 23, 2020

Payments company Afterpay , which works in the buy now, pay later ( BNPL ) space, is rolling out a new feature called Pulse to help reward those who make payments on time, a press release says. Around 90 percent of Afterpay usage has been from customers using debit cards just this year so far.

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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.

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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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Clearly Payments

JANUARY 25, 2024

Digital Only Banks or Neobanks The emergence of digital-only banks injects competition, propelling the use of debit cards and credit cards, impacting the overall payment processing market. using credit cards. increase, followed by EFT, wire transfer, and debit cards. preferring cash and 54.4%

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Process Online and Mobile Banking Electronic Funds Transfer (EFT) Digital Currency 96

PYMNTS

JUNE 22, 2020

Like contactless payments, “buy now, pay later” (BNPL) companies are having a right time, right idea moment thanks to COVID-19, as consumers look to stretch every dollar — buying time, as it were — until livings and revenues are adequately restored across a reeling economy. CEO and co-founder of BNPL firm Afterpay told PYMNTS.

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BNPL Debit Card Credit Cards Volume 60

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. Furthermore, a combination of factors contributes to this preference.

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

PYMNTS

FEBRUARY 1, 2021

Both firms’ management stated during their respective earnings calls that debit spending remained healthy subsequent to the end of the quarter. The issuers, too, have seen surges in debit spending. Wells Fargo stated that debit card purchase spending was up 11 percent; J.P. As to where that debit spend is going: J.P.

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Issuers Debit Card BNPL Point-of-Sale (POS) 82

Fintech Finance

JUNE 25, 2024

These include reservations and refunds, so that a scope of services similar to that of the debit card can be achieved, with ‘payments without a terminal (scan and go)’ also added. Over time, additional value-added services like integration of merchant loyalty programs and BNPL will be integrated.

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Payment APIs and Integration Cross-Border Payments Cross-Border Value Added Service 85

The Fintech Times

OCTOBER 3, 2024

New data from Daemon also reveals that alongside phishing scams, other common issues include credit card fraud (30 per cent) and identity theft (17 per cent). When it comes to Buy Now Pay Later ( BNPL ) 27 per cent of Gen Z see it as a secure option, compared to only 15 per cent of Millennials and nine per cent of Baby Boomers.

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Cybersecurity Identity Theft Phishing Scams 58

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. Forecasts to 2033 Over the next decade, debit card payment volumes are forecast to continue to increase.

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Contactless Payments Online and Mobile Banking Debit Card Payments 85

Payment Savvy

MAY 10, 2024

Customers can choose from various payment options supported by Shop Pay, including credit cards, debit cards, and alternative payment methods. However, to accept credit and debit cards online, standard processing rates still apply. As such, they need to cover Shopify’s processing rates.

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BNPL Online and Mobile Banking Fraud Detection Credit Cards 52

Clearly Payments

DECEMBER 18, 2023

These digital solutions provide a secure repository for credit cards, debit cards, and loyalty cards, simplifying payments with a tap or swipe. The post Payment Trends In The United States For 2024 appeared first on Credit Card Processing and Merchant Account.

Payments Trends 72

Payments Trends Online and Mobile Banking Payment APIs and Integration Contactless Payments 72

Fintech News

SEPTEMBER 4, 2024

Through partnerships with credit bureaus, the app also provides access to users’ credit scores, enabling them to explore opportunities for credit cards, loans, and other financial products. It also includes a marketplace where users can compare credit cards and insurance plans tailored to their needs.

FinTech 113

FinTech Cross-Border Payment APIs and Integration Credit Cards 113

Clearly Payments

FEBRUARY 19, 2024

It encompasses a wide array of services and technologies designed to securely and efficiently handle payments, including credit and debit card transactions, mobile payments, online payments, and more. The post Payment Processing and Market Statistics for USA 2024 appeared first on Credit Card Processing and Merchant Account.

Process 72

Process Digital Currency Online and Mobile Banking Payments 72

PYMNTS

JULY 9, 2020

Marqeta’s business allows companies to issue credit and debit cards to their staff, and the pandemic has given it a huge boost as people everywhere rely more on online shopping and food delivery, Reuters reported. Afterpay’s BNPL model helps customers pay incrementally for expensive purchases.

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BNPL Debit Card Processors Issuers 73

PYMNTS

DECEMBER 3, 2020

Per the Black Friday 2020 Report , “debit cards surpassed credit cards as the most common method in-store shoppers used to pay for their Black Friday purchases … with 48.6 percent of Black Friday eCommerce shoppers who paid via credit card.”. percent who paid using credit cards this year.”.

Credit Cards 59

Credit Cards Debit Card BNPL PayPal 59

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.

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PYMNTS

JULY 14, 2020

Fast and Furious BNPL Action. It’s been a big year for alt-credit, where younger consumers see it as a, well, alternative to using a traditional credit or debit card to finance a purchase. In mid-July the company made news again, announcing it will offer its BNPL services at U.S. Afterpay Co-Founder and U.S.

BNPL 52

BNPL Point-of-Sale (POS) FDIC Issuers 52

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.

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Fintech News

AUGUST 12, 2024

Fiin Credit: Founded in 2018, Fiin Credit is a digital finance and consumer credit system in Vietnam. The company uses artificial intelligence (AI) and big data technology to provide peer-to-peer (P2P) lending, consumers loans, buy now, pay later (BNPL) arrangements, and more.

FinTech 112

FinTech Online and Mobile Banking Point-of-Sale (POS) Payment Gateways 112

PYMNTS

JUNE 2, 2020

It’s certainly been a tumultuous period, Anthony Eisen , co-founder and CEO of buy now, pay later (BNPL) firm Afterpay , told Karen Webster in a recent discussion on what’s next for retail and what a recovery might look like. Consumers Want More Than Toilet Paper (But Not More Credit Card Debt).

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Consumer BNPL Credit Cards Ubiquitous 57

CB Insights

JUNE 7, 2021

For example, Klarna partnered with Marqeta to safely pay online retailers on behalf of its riskier buy now, pay later (BNPL) customers. Klarna uses Marqeta’s API to create virtual cards, which gives the merchant immediate payment while allowing BNPL customers to pay interest-free installments over time. .

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Issuers Card Issuer Payment APIs and Integration Innovation 73