BNPL Fraud — When "Buy Now, Pay Later" Backfires
FICO
JUNE 14, 2021
For many options, borrowers first create an account with each BNPL firm they want to use, providing their debit card or bank information as the payment mechanism. For these reasons, BNPL loans, which are convenient and fast, can be an excellent spend management tool. Who Shoulders the Risk? customers more than double to 6.5
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