American Express Co. reported strong results Friday morning for its third quarter as its top executive said the company hasn’t exhausted its interest in acquisitions, though he added the New York City-based payments company is cool to the prospects for cryptocurrency as a medium of exchange. Chief executive Stephen Squeri …
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Stripe’s Latest Buy; Ad Dollars Flow for BNPL; AmEx and Goldman’s Tie-Up
How Consumers’ Growing Adoption of BNPL Is Getting the Ad Dollars Flowing
The heady times for buy now, pay later just keep on rolling. Now, with 44% of consumers saying they have used BNPL options to make a purchase, according to personal-finance company Credit Karma LLC, providers of the point-of-sale financing have opened the ad-spending spigot. A new report from MediaRadar, a …
Read More »Virtual Brick Walls Stymie Online Shoppers; Eye on BNPL; Ransomware Attacks up 62%
Eye on BNPL: Bonsai, Afterpay Ease Shopping on Publisher Sites; Opy USA’s Pay by Text Service
Shop Bonsai Inc., which provides in-app checkout technology under the Bonsai moniker, said it and buy now, pay later specialist Afterpay are making it easier for consumers to shop on an online publisher’s site without leaving the site. Announced Wednesday, the arrangement enables Bonsai shoppers to potentially reduce the checkout …
Read More »Target Doubles up on BNPL; EMVCo Issues 3-D Secure Update; Retail Spending Increased 5.4%
When One Just Won’t Do: Target Adds Two BNPL Options
Mega-retailer Target Corp. says consumers can now use buy now, pay later options from Sezzle Inc. and Affirm Inc. Though Target doesn’t say why it is offering two BNPL options, it distinguishes Affirm, which offers a point-of-sale loan that charges interest, as best for purchases of more than $100. Sezzle, …
Read More »Quantifying the BNPL Surge; Datacap, iStream in ACH Deal; E-Commerce App Installs Soar
A New Report From Accenture And Afterpay Casts Light on How Fast BNPL Is Taking Hold
On-the-spot installment lending, known now as buy now, pay later, has achieved such a high profile since the onset of the pandemic last year that observers are starting to calculate just how much consumer spending it’s accounting for—and how much risk it might pose for consumers and lenders. A report …
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