Point-of-sale

Alternative lender rolls out contactless card amid pandemic

04/09/20

Upgrade's hybrid loan-card product can now be used without swiping as consumers and retail workers seek to minimize spread of novel coronavirus.

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Card brands delay spring swipe-fee update to July, citing coronavirus' effect on retail

03/30/20

With coronavirus presenting significant challenges for retailers and the technical challenges of imposing interchange fee changes in the networks, Visa, Mastercard, American Express and Discover are holding off on the updates.

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California settles with point-of-sale lender Afterpay

03/17/20

The Australian firm agreed to pay around $1 million in connection with allegations that it broke the law by operating without a license in the nation's largest state.

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What could quell the boom in 0% installment lending

03/11/20

Firms such as Afterpay that offer financing to shoppers have been enjoying rapid growth. But their model is under scrutiny from regulators, being mimicked by credit card lenders and faces heightened risks in a downturn.

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Why Citizens Bank got into point of sale lending

03/09/20

Brendan Coughlin, head of consumer banking, explains how Citizens established its relationships with Apple and Microsoft for point of sale financing and how they've evolved.

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In reversal, California gives license to point-of-sale lender

01/17/20

The fintech Sezzle received its license after agreeing to refund customers and pay a fine for previously making loans that state regulators had deemed illegal.

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Swedish fintech Klarna eyes U.S. IPO to fund expansion

12/13/19

The United States could be the point-of-sale lender's largest market within two years, its CEO says. The firm's investors include BlackRock, Sequoia Capital and the rapper Snoop Dogg.

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Klarna Bank picks Amazon for expanded cloud services

12/02/19

In a move to aid faster expansion and provide more security and regulatory compliance tools, Klarna Bank in Sweden is strengthening its longtime relationship with Amazon Web Services by making it the bank's preferred cloud provider.

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Game on: Citizens to finance new Microsoft Xbox program

10/28/19

The bank says the deal will appeal to millennials' preference for installment loans over credit cards and let consumers get an early upgrade to the next Xbox coming out next year.

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BBVA partners with fertility company for online health care loan

10/15/19

The bank is providing a point-of-sale loan to women seeking IVF treatments and getting funds to clinics, in some cases, within 24 hours.

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