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Off The Continent And Into Puerto Rico For Online SMB Lending

PYMNTS

In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. Verticals within the SMB realm that may be receptive to online lending, he said, include manufacturing and retail.

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Today In Payments Around The World: Razer Fintech, Visa Unveil Prepaid Card; SafetyPay Collaborates With LATAM’s Rappi

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In today’s top payments news around the world, Razer Fintech and Visa have unveiled the Razer Card prepaid card, while SafetyPay has joined forces with LATAM’s Rappi. Plus, the Abu Dhabi Investment Authority (ADIA) is investing roughly $750 million in Reliance Retail Ventures Ltd. percent share of Reliance Retail.

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MoneyGram Extends Relationship With Walmart

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MoneyGram International , the global peer-to-peer payment and money transfer company, has extended to its relationship with Walmart Inc. Puerto Rico and on its digital platform at walmart.moneygram.com. Additionally, the firm reported that MoneyGram Online saw 104 percent transaction growth year on year during the quarter.

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This Week In Retail: Funding, Finance And Tech

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This week in retail, we’ve seen news coming in from multiple sides, including that of Apple’s projected increase in smartwatch sales , U.K. based online lender Prodigy shared its funding news. The discount retailer has also announced two partnerships this week, one with Google and one with IBM. Moving into lending news, U.K.-based

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Sears Offers Online ‘LEASE IT’ Financing Program

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Sears Holdings has announced that it has expanded its leasing program so that customers can easily finance a variety of products, both in-store and online. There is also an online estimator tool to help members estimate their payment with different payment schedules and lease amounts.

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Costco’s Co-Branded Credit Card Has 1 Million Members

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In June, the club retailer stopped accepting American Express at all United States- and Puerto Rico-based brick-and-mortar locations and online and forged a new partnership with Visa. In addition to launching its co-branded payment card, Costco also accepts Visa cards at all locations.

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Lease-To-Own Services Make A Comeback With Overstock.com

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Lease-to-own services are making a comeback with eCommerce retailers. The option, provided by Progressive Leasing , allows customers to lease products for as long as a year and is available for over three million products on the retailer’s website. Progressive Leasing, a division of Aaron’s Inc. , Modern Takes On Lease-To-Own.