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

PYMNTS

That alternative method of paying for purchases “on credit” got a boost with news this week that Visa Installments , a new point-of-sale (POS) credit solution, is being rolled out in pilot markets across the U.S. This follows a pilot rollout in Russia last month.

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Zions Bancorporation goes live on TCS BaNCS Core Banking software

Bobsguide

The TCS BaNCS deployment provides Zions a parameterized, US market compliant, real-time solution, sets up Zions to go Digital, be nimble & efficient and shift to a customer centric approach. It’s a significant landmark not just for TCS and for Zions, but for the banking industry in North America.

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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.

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Data privacy: How to keep customer data safe

Independent Banker

It has implications for everything from regulatory compliance and risk management to a bank’s ability to engender trust in its customers. Other states have enacted similar data privacy laws since the California Consumer Privacy Act came into effect, including Utah, Colorado, Virginia and Connecticut. By Katie Kuehner-Hebert.

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2021 GonzoBanker Awards

Gonzobanker

For the past four-plus years, Chesler has guided Glacier through continued growth and successful acquisitions across the West, all while staying true to Glacier’s local market culture. Congrats to Randy and a great management team. Goes to the growing cacophony of low-code and no-code software promises in the bank tech market.

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

FICO

Separately, research released in September 2020 by youth marketing firm YPulse said that 22% of 13-39-year-olds say they have used a BNPL or payment installment service, and 29% say they haven’t but are interested in using them. . Who Shoulders the Risk? The BNPL Business Model. Strategies and Tools for Fighting BNPL Fraud.

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

Fintech Labs Insights

HQ: Salt Lake City, Utah. Tags: Advisors, institutions, investing, trading, risk management. Source: Crunchbase. Mobile savings account. Latest round: $22.5 million Series B. Total raised: $36.3 HQ: San Francisco, California. Source: Crunchbase. Qingshongchou Network Technology. Prepaid debit card for youth. Latest round: $5.8