PYMNTS
JULY 14, 2020
“Given how much the demand for installments is increasing, we are also using the already existing parts of the credit system today to scale installment payments with every [Visa] card across the board,” Cetin Duransoy , Visa ’s global head of installment solutions, told PYMNTS. Fast and Furious BNPL Action.
PYMNTS
DECEMBER 19, 2018
San Francisco-based FinTech company Square, known for its white card readers, has once again decided to become a banking establishment, according to a report in The Wall Street Journal. billion in cash advances and loans through Square Capital , its digital lending subsidiary. Square said it has already given out more than $3.5
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PYMNTS
APRIL 17, 2018
According to news from Mobile Payments Today , under the partnership, PayPal’s mobile card product will be combined with ebizmart’s mobile app Magento. In addition, employers can directly deposit their wages into accounts, while debit cards can withdraw cash at ATMs.
PYMNTS
JULY 13, 2016
The Wall Street Journal reported on Tuesday (July 12) that the online lender, commonly known as SoFi, with $10 billion in student loans and mortgages across its books, may be forced to don more traditional financial services garb as the online lending sector is buffeted about by negative headlines and looming regulations.
PYMNTS
NOVEMBER 6, 2019
I think if you look at the economic environment,” Nayar noted, “you see the Fed is cutting the rate, but the banks aren’t cutting rates on credit cards, so the spread between credit card lending and personal loans has never been bigger.”.
PYMNTS
JUNE 13, 2017
Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. Instead, SoFi as a bank will exist so it can “provide its customers an FDIC insured NOW account and a credit card product. The bank will offer no other products and services.”. The bank will offer no other products and services.”.
PYMNTS
JUNE 28, 2019
The $1 million in Seed funding for India-based Recko will help the firm grow its payments reconciliation solution for companies in the banking, lending, insurance, eCommerce and telecom industries. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5 TripActions.
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