Financial institutions connected to Fiserv’s EPOC debit card processing platform will be able to embed Affirm’s buy now, pay later (BNPL) services in the mobile apps they offer their cardholders. Affirm announced a similar deal with FIS in February 2025. Fiserv, Visa DPS and FIS are the top three third-party processors in the US for […]
U.S. Bank, the sixth largest U.S. credit card issuer based on purchase volume, created Split Card to boost new credit card account acquisitions.
Splitit will embed its card-linked installment loan technology into the Hogan core banking software platform owned by information technology company DXC. Visa and Mastercard debit card issuers that use Hogan software will be able to offer Splitit to their cardholders on a white-labeled basis. Among providers of flexible installment and buy now, pay later (BNPL) […]
Koin states that its success is based on its AI models that were built exclusively using data from Latin America merchants and designed to predict how legitimate users should behave.
Most buy now, pay later (BNPL) purchases initiated through fintechs are authorized outside of the global card networks yet the vast majority of those transactions are paid off using a global brand debit card.
AdaptAI provides customized promotions and credit offers to specific consumers who merchants want to target. Use cases could include a 12-month 0% APR for first-time buyers or a 36-month plan linked to a seasonal event.
Among providers of buy now, pay later (BNPL) and installment loan payment options, Splitit is different. The company’s service is embedded in the merchant’s checkout page on a white-label basis, and the pay-over-time option comes from the line of credit tied to a cardholder’s credit card. Competitors typically present their own consumer-facing brand and underwrite […]
The regulator said that the banks did not properly investigate consumer complaints consistently or on time and did not provide reimbursements for fraud or errors as required by Regulation E of the Electronic Funds Transfer Act.
Cardholders will be able to use an issuer’s mobile app or visit the issuer’s digital banking site to select BNPL for a purchase they just made. Or they can use those same channels to preauthorize an amount for BNPL, a feature that would likely be used for more expensive purchases.
Unlike full-service banks, which can use consumer deposits to fund loans, Affirm and similar companies must seek wholesale funding through capital markets.
