Banks battle fintechs over installment sales; Barclays deck cleared
Banks moving past traditional card lending to compete on POS; ; five board members plan to leave before the bank’s May meeting. ... Read full article
Banks moving past traditional card lending to compete on POS; ; five board members plan to leave before the bank’s May meeting. ... Read full article
The Atlanta company, which reported fourth-quarter results Tuesday, will test the partnership in five cities as part of an ongoing effort to add new sources of revenue. ... Read full article
The Atlanta fintech is looking to expand rapidly beyond its roots of arranging financing for home improvement projects. ... Read full article
Small businesses short on cash can use advances from Fundbox to buy products from online suppliers. ... Read full article
Fiserv will acquire First Data in an all-stock deal with a value of about $22 billion that will combine two of the financial services industry's largest technology and processing companies. Fiserv shareholders will own almost 58% of the combined ... Read full article
The U.S. online lender provides credit lines of up to $150,000 to small businesses that shop at Alibaba.com. ... Read full article
The year saw anxiety over how banks would respond to record consumer debt, disruptive glitches at TD Bank and SunTrust, ongoing scandal at Wells Fargo, and much, much more. ... Read full article
There's never a good time to expose customer data, but the incident Amazon disclosed Wednesday could upend two major events: Black Friday/Cyber Monday and a reported effort to get merchants to accept Amazon at the point of sale. ... Read full article
The Atlanta-based consumer lender, which partners with both retailers and banks, cited a higher-than-expected cost of funds as one reason for its less rosy forecast. ... Read full article
The company is offering short-term installment loans to its clients’ customers; even institutions not accused of wrongdoing may pay a price. ... Read full article
Square Inc. is offering loans to customers to pay for goods and services from merchants that use its payments platform, another move by the company to push deeper into financial services. ... Read full article
There is no disputing that China is ahead of the rest of the world in mobile payments. What insight does it offer U.S. bankers? ... Read full article
The technology company's major projects over the past couple of years have included a diversification to serve merchants' cross-channel shopping and payment needs, adding advanced ATM technology in Europe and upgrading hardware to compete with ... Read full article
Fallout from the Fed's blow to Wells Fargo; a call for calm in the rush to regulate cryptocurrencies; point-of-sale lending has its day; and more. ... Read full article
It’s not necessarily new, but a confluence of trends — advances in technology, changing consumer preferences and banks’ need to diversify their balance sheets — has made it more popular than ever. ... Read full article
Grupo Coppel and Insikt, an online lender, would appear to be cut from different cloth, but they share an expertise in providing credit to working-class, largely Hispanic consumers. The retail conglomerate also operates 1,000 bank branches in Mexico, ... Read full article
Snap Finance provides credit at the point of sale, primarily to consumers with bad credit. ... Read full article
The machine is among the more commonly pitched solutions for high-risk merchants that can't normally handle payment cards because banks won’t partner with them. But for dispensaries, they can be a hassle. ... Read full article
Vantiv, the largest U.S. merchant acquirer, agreed to buy the e-commerce payments company Worldpay Group for about £8 billion ($10.4 billion). ... Read full article
Attacks on ATMs and point-of-sale machines are getting more sophisticated and frequent. Crooks are trying to get as much use as they can out of their skimming devices before the migration to chip cards is complete. ... Read full article