At least some payments players appear to be preparing for an important new phase in the buy now, pay later business, with an opening salvo to include significantly larger loans and revised credit terms that make the advances appear more like traditional installment programs. The move comes as the short-term …
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TCH’s Tokenization Barrage; Chargeback Ratio Drops in 2021; Fiserv Adds Affirm BNPL to Carat
Fiserv Adds Affirm BNPL to Carat and other Digital Transactions News briefs from 5/4/22
Processor Fiserv Inc. announced it is adding buy now, pay later services from Affirm Inc. to its Carat operating system. Affirm joins Bread, Synchrony, and Zip as current providers. Affirm said its service will be the first fully-integrated BNPL provider with Carat.Payments provider Rapyd Financial Networks Ltd. launched Virtual Accounts, intended to allow businesses anywhere globally …
Read More »FIS Merchant Revenue up 15%; Paysafe’s Visa Direct Move; Rite Aid Adds Afterpay BNPL
Rite Aid Adds Afterpay BNPL and other Digital Transactions News briefs from 5/3/22
Buy now, pay later provider Afterpay said retailer Rite Aid now accepts the installment payment option online and intends to offer it in-store in coming months.MoneyGram International Inc. rebutted claims by the Consumer Financial Protection Bureau that the company is a “repeat offender” with respect to “consumer harm,” citing the fact that the …
Read More »Global Payments Eyes BNPL, Crypto; FedNow Testing Underway; TCH Updates RTP Tokenization for Checking Accounts
Global Payments Puts the Pandemic Behind It As It Develops BNPL And Crypto Services
Global Payments Inc. Monday morning reported continued recovery from the pandemic’s impact along with new developments the Atlanta-based company says will deepen its ventures in buy now, pay later, cryptocurrency, and support for banks overseas. Global chief executive Jeff Sloan also said the processor has exited its operations in Russia in …
Read More »Visa’s $9 Billion Security Boost; A Single Finances View Eludes Many; Vail Resorts Picks Uplift for BNPL
Vail Resorts Picks Uplift for BNPL and other Digital Transactions News briefs from 4/20/22
Vail Resorts has selected buy now, pay later provider Uplift to allow Vail guests to pay for a pass over time with monthly installments.Discover Financial Services launched its Online Privacy Protection service on its mobile app. The service allows users of the Discover card and banking services to remove personal information from 10 …
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