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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. The Congressional House Financial Services Committee held a hearing last fall, “Buy Now, Pay More Later? According to Kristen E.

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FinTechs Take On Payment Rail Status Quo

PYMNTS

With Visa and Mastercard each having made significant investments to capture more of the SMB segment through an array of payment rails, including card, ACH, and proprietary networks, SWIFT is joining a competitive landscape that aims to overhaul the payment rail status quo. Billhop Eases B2B Card Acceptance. and Sweden, it noted.

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Phillips 66 Partners With WEX For Exclusive Multi-Year Private Label Extension 

PYMNTS

FinTech service provider WEX signed on with Phillips 66 to handle exclusive private label and universal fleet card services, Verdict reported on Wednesday (Aug. WEX and Phillips 66 have partnered since 2010, the release said, to develop a sales and marketing program that depends on new payment technologies for fleet customers.

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US Government Sees The Benefits Of Blockchain

PYMNTS

government seems to be accepting the positive impact that digital currencies and blockchain could have on legacy financial systems, according to Business Insider. House of Representatives, asking the government to establish a national policy for technology. A non-binding resolution was passed on Monday (Sept. 12) by the U.S.

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New Zealand Fintech – Companies to Watch

Jessica Ellerm

Talk to any Kiwi living overseas and they’ll lament how difficult it is to pay for goods and services by debit card compared to back home. As a kid, it wasn’t uncommon to head to your local corner store (or Dairy, as we call them back home) and pay for Mum and Dad’s newspaper using your EFTPOS card. I kid you not.

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Data Dive: The Things Edition – Stripe, Starbucks And The Comptroller’s Concerns

PYMNTS

Credit cards — which are limited in China to state-backed Union Pay cards — are only used by a fraction of Chinese consumers. Stripe is currently valued north of $1 billion and is active in 25 nations. The firm has been in business since 2010 and makes its money charging a small fee on every card transaction it processes. “If

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Brazil’s Big Blockchain Bounce (And Other Digital Payments Advances)

PYMNTS

And while the continual drumbeat of announcements from various players looking to find new and inventive ways to apply distributed ledger technology to various parts of Brazil’s financial services industry has something of a tendency to stand out, digital payments and banking news in general has been coming quick and constant.