News Topic: Point-of-sale
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Regions buying industrial loan company EnerBank USA
Commonwealth Bank of Australia developing tech for open banking
Alliance Data bets on installment loans to land more retailers
JPMorgan Chase, ACI to offer multichannel payments in Europe
Square's bank accounts lay groundwork for a super app
Banks seek bigger role in point-of-sale lending
Credit cards seek a role in preventing buy now/pay later defaults
Affirm debit card brings installment payments to all merchants
The buy now/pay later pioneer's new card does not require sellers to opt in if they already accept debit cards. ... Read full article
Buy now, bank later: Klarna's bold new business model in Germany
The Swedish installment lender's diversification makes it a direct competitor to mainstream banks. ... Read full article
Installment lenders under scrutiny as delinquencies soar
Australia and the U.K. are starting to build the case for regulation of buy now/pay later offerings. ... Read full article
PayPal's record year helped by rapid rollout of new products
Its success was driven by its support for buying and selling cryptocurrencies, and its entry into the buy now/pay later market. ... Read full article
Synchrony buying health care-focused installment lender
The Stamford, Conn., company is acquiring Allegro, a California lender that finances the purchase of hearing aids and other health-related products or services. It’s aiming to capitalize on the rising popularity of point-of-sale lending and a need for more ... Read full article
A world of regulatory pressure on installment lenders
The fast-growing buy now/pay later industry is drawing scrutiny from legislators and regulators who fear it could become predatory. ... Read full article
Shifting consumer needs put new Synchrony CEO to the test
Synchrony wasn’t unscathed by the pandemic — consumer spending slowed during the first half of the year — but its mix of private-label and cobranded cards for everyday items suffered far less than other issuers' cards that emphasized luxury and ... Read full article
Citizens launches Citizens Pay brand to boost point-of-sale lending
Citizens Financial Group has branded its point of sale lending software as Citizens Pay, saying it wants to more clearly define it as a merchant tool for "budget-friendly payment options" for customers who want a transparent and predictable way ... Read full article
Alliance Data buying installment lender Bread for $450M
Alliance Data plans to make Bread’s buy now, pay later options available to credit card-issuing merchant clients. ... Read full article
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? ... Read full article
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. ... Read full article
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. ... Read full article