Point-of-sale

Installment lenders under scrutiny as delinquencies soar

02/08/21

Australia and the U.K. are starting to build the case for regulation of buy now/pay later offerings.

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PayPal's record year helped by rapid rollout of new products

02/04/21

Its success was driven by its support for buying and selling cryptocurrencies, and its entry into the buy now/pay later market.

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Synchrony buying health care-focused installment lender

01/26/21

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 financing options in health care — especially as more Americans turn to high-deductible plans.

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A world of regulatory pressure on installment lenders

01/21/21

The fast-growing buy now/pay later industry is drawing scrutiny from legislators and regulators who fear it could become predatory.

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Shifting consumer needs put new Synchrony CEO to the test

01/12/21

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 travel.

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Citizens launches Citizens Pay brand to boost point-of-sale lending

01/11/21

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 to finance purchases.

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Alliance Data buying installment lender Bread for $450M

10/29/20

Alliance Data plans to make Bread’s buy now, pay later options available to credit card-issuing merchant clients.

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Why Visa and Mastercard are suddenly keen on installment lending

09/02/20

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?

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Ally expanding into retail point-of-sale lending

08/25/20

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

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

08/03/20

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.

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