Mastercard has formed a partnership with LoanPro to bring installment loans to credit card issuers that participate in the Mastercard Installments credential program. The partners call their service Loan on Card. Consumer and small business account holders will be able to access their installment loan funds in-store or online using their Apple Pay, Google Pay or other mobile wallets. Repayments are fixed term. Installment loan debts will not be commingled with revolving credit balances that cardholders carry. The installment loans will be funded over the Mastercard network. Adding instal...