Issuing/Originating

One impression of consumers who use buy now, pay later services is that they may not be as financially literate as others. New data from Capterra, a software reviews and selection platform, indicate that picture may not be entirely accurate. In Arlington, Va.-based Capterra’s “2022 Buy Now, Pay Later Survey,” …

The Consumer Financial Protection Bureau has become a much more active regulator of payments and other financial industries since the onset of the Biden Administration, and on Monday the agency lent further momentum to that trend. The 11-year-old federal agency is now asking for public comment on a proposal that …

The number of card-accepting merchant locations around the world reached a record high of 88 million in 2021, up 2% over 2020 as measures to fight the pandemic helped stoke consumer usage of payment cards rather than alternatives like cash, according to research released Monday by London-based research firm RBR. …

As the holiday season continues and the cost-of-living rises, shoppers are searching for meaningful yet budget-friendly gifts for loved ones. Consumers need financial flexibility to make large purchases without using their entire paycheck to do so. Buy now, pay later solutions continue to rise in popularity as consumers search for …

Not all countries, companies, and persons will suffer equally from inflation in 2023, as Europe will see a decline in economic activity while the U.S. market will experience limited economic growth, forecasts the Mastercard Economics Institute. Food-service provider Sodexo North America’s InReach unit has contracted with payments provider Cantaloupe to upgrade 18,800 vending machiens and …

A new report from J.D. Power finds that small-business owners, struggling to offset inflation’s impact and supply-chain issues, continue to rely on their credit cards. American Express Co. cards for small businesses scored highest in the 2022 U.S. Small Business Credit Card Satisfaction Study from J.D. Power. This is the …

Jitters about the economy and the impact of the FTX implosion may have combined to clobber the cryptocurrency market, but new data shows that app downloads peaked as long as a year ago. In fact, downloads of crypto trading apps from the App Store, and Google Play, along with direct …

The messaging app Clickatell added updates to its Chat Commerce Platform, including a new integration of Chat 2 Pay, which allows travel brands to accept payments as part of business messages. The card-issuing platform Marqeta Inc. announced it has integrated Mastercard Track Instant Pay, which enables immediate payment of supplier invoices. The virtual-card platform Extend announced …

Curve OS Ltd. said it secured a deal with Credit Suisse to fund its first $1 billion in installment loans, via its Curve Flex product, in the United Kingdom, Europe, and the United States. London-based Curve announced Curve Flex in 2021. A survey from Bango PLC of 2,500 U.S. subscription users found that 65% said …

The growth of real-time payments over the next five years will gain momentum from cross-border transfers in a global economy, according to research released early Monday. Indeed, the total number of real-time transactions, also known as instant payments, worldwide will reach 376 billion in 2027, up 289% from 97 billion, …