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Holiday Rebound: Apparel Retailers Drive Sales With Flexible Payment Options

PYMNTS

Many American consumers are feeling the financial squeeze as the holiday shopping season goes on and will be turning to flexible spending plans to help put them at ease. The study revealed merchants that offer flexible payment plans could tap into a loyal, sizable pool of digital consumers. Around The Buy Now, Pay Later World.

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Today In Payments: Cybersecurity Firm FireEye Hacked By Nation-State; PayPal’s iZettle Intros QR Codes At POS In UK

PYMNTS

NEW REPORT: The Banks’ How To Guide To Using AI To Manage Credit Risk. Banks have long turned to a familiar set of tools for managing credit risk — late fees and other penalties. In the 2021 AI Business Plan Playbook For Banks, PYMNTS provides a six-step framework to help banks use AI to manage credit risk.

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Global non-cash transaction volumes set to hit 1.3 trillion in 2023

Future CFO

More than 70% of enterprise executives said they face issues in dispute negligence, poor credit risk assessment, and delayed or duplicate payment processing. Expectations are also changing, with 63% of corporate clients are demanding a retail-like payment experience from their banks in 2023.

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Goldman, Amazon Discuss SMB Lending Partnership

PYMNTS

Consumer loans are also processed through Goldman’s retail banking arm, Marcus. John Cronin, an analyst at Goodbody’s, told FT that by using banking partnerships, Amazon could “significantly extend” its SMB lending platform, “without any associated credit risk of regulatory obligations (in the context of capital and liquidity and so forth).”.

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Today In Payments: Savings Rate Surges To Highest Level In 39 Years; Big Lenders Process Half-Million Loan Applications

PYMNTS

CEO Jeff Bezos wrote in the Amazon earnings press release that he plans to spend all Q2 profit, roughly $4 billion, on coronavirus pandemic response and testing. Over 38 percent of consumers are now buying retail goods and groceries online more often than they did before, and 11.3 As the pandemic continues to take root in the U.S.,

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Can Grover Do For Gadgets What Netflix Did For Films?

PYMNTS

Grover, which offers pay-as-go subscription plans to its customers, has been described in some outlets as something like a Netflix for gadgets. We are not a form of sub-prime credit.”. Grover offers three subscription plans for consumers: Payment once per month, every three months or every year. type rent-to-own operation. “We

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CUs Eyeing Member Risk Must Look Beyond FICO Scores

PYMNTS

Looking out at the phased reopenings that are just beginning to take root in various states, Fagan said that as restaurants and retailers return to operations, because they must observe social distancing mandates, they will recapture only a small percentage of lost business.