Payments News

On The Web

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Providers

BNPL Consumers Are Not Shy About Using Credit Products, a TransUnion Report Finds

“The credit activity of POS financing applicants was a bit of a surprise, Pagel says. “We were surprised to see how credit-active these consumers are,” she says. “More POS financing applicants are building bank and retail card balances than the general credit population versus using POS financing instead of using their cards.” Continuing, “These new […]
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Providers

Buy-now, Pay-later Seen As a Growing Competitor to Debit Cards

“Executives from American Express Co., Capital One Financial Corp., Synchrony Financial and other firms mentioned buy-now, pay-later products more than five dozen times during investor presentations last week, according to the Morgan Stanley report. The products allows consumers to split their purchases into scheduled payments.”
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Providers

Big Credit Card Issuers Make Their Moves in Buy Now/Pay Later

“Credit card heavyweights, which long showed little angst about buy now/pay later competitors, are starting to acknowledge the need to match the offers from those upstart firms. In recent days, a few major card issuers have either announced new BNPL offerings or signaled that they are closer to doing so. Their products are poised to […]
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On The Wires

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Providers

Affirm Launches Adaptive Checkout, Bringing Greater Choice and Flexibility to Merchants and Consumers

“Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced the launch of Adaptive Checkout™. This latest product enables Affirm merchants to seamlessly offer customers even more choice and flexibility at checkout while increasing sales. Leveraging Affirm’s proprietary technology, Adaptive Checkout builds upon Affirm’s existing product suite and dynamically […]
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Providers

Figure Pay Partners With Marqeta to Power Next Generation Digital Banking and Buy Now, Pay Later Solution

“Figure Pay is currently available in 26 states, and is expanding nationwide. It is built on the Provenance Blockchain payments infrastructure, which allows for faster payments and cuts down on merchant costs. Figure Pay offers its users a fee-free deposit account, seamless money transfer to friends and family, an extensive rewards program and free access […]
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