Digital Transactions Authoritative, insightful and timely information for payments professionals
Overspending Can Bedevil BNPL; POS Operators Target Larger Restaurants; PAX Intros New POS Devices
Search Results for: BNPL
Despite BNPL’s Popularity, Overspending and Missed Payments Remain Top Issues, Bankrate Finds
Consumer demand for buy now, pay later loans may be high, but consumers are still at risk of overspending when using BNPL to finance a purchase or missing a payment. A survey released Thursday by Bankrate LLC reveals that overspending and missing a payment are two of the most common …
Read More »Klarna Dispels BNPL Conceptions; PayPal, Ripple Launch Stablecoin Initiatives; NAB’s Visa Integration
Klarna Launches a Web Page to Rebut the Idea That BNPL Burdens Consumers With Debt
Looking to dispel criticism that buy now, pay later loans are predatory-lending products, BNPL provider Klarna AB has launched Wikipink, a Web page that details information about its BNPL business, such as repayment rates, late fee rates, and consumer demographics. “By publishing our facts and figures with full transparency, including …
Read More »Mastercard’s First-Party Fraud Tack; Nacha Targets Credit Push Fraud; Galileo Expands Its BNPL Program
Galileo Expands Its BNPL Program And Other Digital Transactions News briefs from 3/19/24
Galileo Financial Technologies said it expanded its buy now, pay later platform to enable banks and fintechs to offer new installment plans post-purchase through the consumer’s existing debit or credit card. North American Bancard launched Payment Links on its platform. These are links merchants can adopt to direct customers to a payments …
Read More »Is Shift4 for Sale? Issuer BNPL Plans Rank Highest; Qu Lands GoTo Foods POS Deal
Card Issuers Rank Highest in BNPL Satisfaction, J.D. Power Finds
Credit card issuers claimed the top three spots in J.D. Power’s second annual buy now, pay later satisfaction study, with American Express Co.’s Plan It topping the list. JPMorgan Chase’s My Chase Plan and Citibank’s Citi Flex Pay rounded out the top three. American Express’s Plan It, which it launched …
Read More »Cash App as Your Bank; Klarna Finds Speedy BNPL Payoff; Plus Weekly Recap
Consumers Are Paying Off Sooner on Holiday Purchases Financed With BNPL Loans, Klarna Finds
Shoppers financing purchases during 2023’s Black Friday weekend are paying off their loans sooner than they were a year ago. Some 30% of BNPL purchases made during that period in the United States were paid off early, compared to 24% a year earlier, according to BNPL provider Klarna AB. Overall, …
Read More »