Why Visa and Mastercard are suddenly keen on installment lending


The card networks, along with PayPal and Citi, are responding to competition from the likes of Affirm, Afterpay and other "buy now, pay later" lenders. Should traditional credit card lenders be worried?


Ally expanding into retail point-of-sale lending


The company will offer retail installment loans up to $40,000 through a partnership with Mastercard's Vyze unit.


Citi’s new credit card perk gives Amazon edge in winning big orders


Citigroup plans to let credit-card customers finance big purchases on Amazon.com over longer periods of time — a deal that may spur sales at the e-commerce giant while boosting the bank’s interest-bearing balances.


E-commerce lender Afterpay to offer installment loans in stores


The Australian firm, best known for financing online purchases, is rolling out interest-free, point-of-sale loans at cash registers that it says could help U.S. merchants boost flagging sales.


Home improvement lending heating up during pandemic


Shelter-in-place orders have given homeowners the time to pursue upgrades and repairs, and banks are seizing the opportunity to help finance the projects.


Alternative lender rolls out contactless card amid pandemic


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


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


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.


California settles with point-of-sale lender Afterpay


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.


What could quell the boom in 0% installment lending


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.


Why Citizens Bank got into point of sale lending


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.