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Call It Alt-Credit Or POS Lending, ‘Buy Now, Pay Later’ Just Got Bigger

PYMNTS

“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.

Lending 130
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BNPL Fraud — When "Buy Now, Pay Later" Backfires

FICO

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? Testing the Limits.

Fraud 52
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CFPB announces new appointments to advisory groups

CFPB Monitor

Hughes, Senior Vice President of Card Marketing, Discover Financial Services, Deerfield, Ill. Allen, Chief Compliance Officer, Bank of American Fork, American Fork, Utah. DeBery, Senior Vice President, Internal Audit and Risk Management, Bath Savings Institution, Bath, Maine. Christopher G. Kathleen J.

Groups 60
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2021 GonzoBanker Awards

Gonzobanker

Based on a clearly defined strategy, this team has established a dedicated fintech group that offers services ranging from BaaS to sponsoring card issuance and lending, to providing crypto services, to offering niche partnerships to the gaming industry. The Gonzo Inn in Moab, Utah! Has it worked? The Perfect Hotel for GonzoBankers.

Fintech 147
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Fintech Fundings: 28 Companies Raise $330 Million Week Ending Jan 15

Fintech Labs Insights

Derivative risk management. HQ: Provo, Utah. Tags: Enterprise, investing, trading, risk management, security, compliance. Source: Crunchbase. SaaS banking platform. Latest round: $8.73 million Series B. Total raised: $13.1 HQ: Berlin, Germany. Source: Finovate. Latest round: $7 million Debt. Total raised: Unknown.

Company 12
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Fintech Fundings: 38 Companies Raised $300 Million First Week of June

Fintech Labs Insights

Prepaid debit card for youth. HQ: Salt Lake City, Utah. Tags: SMB, payments, merchants, POS, point of sale, acquring, debit/credit cards. Source: FT Partners. Latest round: $5.8 million Equity Crowdfunding (Crowdcube). Total raised: $5.8 HQ: Farnborough, England, UK. Source: Crunchbase. SeedInvest. Source: FT Partners.

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Fintech Fundings: 21 Companies Raise $260 Million Week Ending Feb 12

Fintech Labs Insights

Underwrites & guarantees high-risk credit card transactions . HQ: Salt Lake, Utah. Tags: SMB, POS, payments, credit/debit cards, restaurant merchants, acquiring. Source: Crunchbase. Latest round: $25 million Series B. Total raised: $30.7 HQ: Tel Aviv, Israel. Source: Crunchbase. APIs powering financial services.

Company 12