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- A survey from credit-reporting agency TransUnion indicates 89% of U.S. consumers who have used buy now, pay later programs are satisfied or very satisfied with the service. The survey canvassed 1,200 consumers in the second quarter. Some 53% of non-users indicated they’d be likely or very likely to use BNPL if the product would have a positive influence on their credit scores.
- Buy now, pay later specialist Affirm Inc. said Canadian home improvement retailer Rona Inc. now offers its installment payment service. Affirm says more than 292,000 retailers offer its BNPL payment option.
- Card issuer Chase added a buy now, pay later benefit for qualifying travel expenses to the Marriott Bonvoy Bold credit card.
- Payment gateway Accept.blue said its technology has been integrated with the Luxe line of EMV terminals from Equinox, with support for independent sales organizations, independent software vendors, and other resellers.
- Mastercard Inc. said the Medical Tourism Association, a nonprofit organization that supports travel for medical purposes, launched a platform that will enable it to offer Mastercard virtual cards for medical services. Patients can book and pay for their treatments using a payment method of their choice and the association will issue the virtual card to the health care provider directly, Mastercard said.
- Finix Payments Inc. released a set of no-code and low-code features, including checkout pages, payment and payout links, tokenization forms, virtual terminals, and merchant onboarding forms.
- The U.S. Payments Forum announced its latest white paper, “The Role of Mobile IDs in Payments,” is available for download.
- Onbe, a specialist in digital disbursements from businesses to consumers, said it will provide its digital-disbursement feature for more than 90 banks that work with technology from fintech ZSuite Tech.
- The Electronic Payments Coalition has mounted its “Guard Your Card” campaign to reach consumers with its message that the Credit Card Competition Act, if enacted, would threaten cardholders’ fraud protection and rewards.
- Stuart Vaeth has joined Trua, a developer of digital-trust credentials, as senior vice president for strategic business development. Vaeth joined the company from Mastercard Inc., where he was vice president of business development for the card company’s digital-identity network.
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