Sezzle notched its first billion‑dollar quarter in Q3 and said it is steering back to its subscription model after a monthslong test of an On‑Demand option that diluted lifetime value. Marketing shifted mid-quarter to emphasize subscriptions, and subscriber counts rebounded to about 568,000 by Sept. 30, management...
U.S. Bank has debuted a credit card that converts purchases into monthly payment plans. The bank’s Split World Mastercard, announced Wednesday (Nov. 5), is designed to serve as an alternative to buy now, pay later (BNPL) plans. According to a news release, the card can...
Citi cardholders will be able to begin using the bank’s pay-over-time solution, Citi Flex Pay, at checkout. This will be available at merchants participating in Mastercard’s Installments Payment Services by the end of the year. The companies said in a Friday (Oct. 24) press release...
Pay later company Affirm expanded its partnership with payment services provider Worldpay. The new arrangement will integrate Affirm into Worldpay’s embedded payments offering for software platforms, according to a Thursday (Oct. 23) press release. “Together with Worldpay, we’re making it easier than ever for businesses...
For consumers navigating a period of economic uncertainty, paying over time has evolved from a convenience to a cash flow strategy. And now, through a new partnership between Splitit and DXC Technology, banks using their Hogan core are poised to bring that capability to hundreds...
Affirm is extending its existing relationship with Wayfair, integrating its buy now, pay later (BNPL) option directly into the home goods retailer’s checkout experience. The companies are expanding the partnership in advance of two busy sales periods: Wayfair’s annual “Way Day” sales event, which runs Oct. 26...
Affirm wants the U.S. to find ways to cap late fees on pay-later loans. In an interview with the Financial Times (FT) published Tuesday (Oct. 21), Affirm co-founder/CEO Max Levchin said limits on fees for late buy now, pay later (BNPL) payments would let leaders...
Sezzle is promoting its buy now, pay later (BNPL) platform as a way for merchants to draw price-conscious shoppers during the upcoming holiday shopping season. “As consumers scrutinize every dollar this holiday season, Sezzle ensures that merchants don’t leave sales behind,” the company said in...
Easy loans are luring millions of Americans into a dangerous cycle of debt. Young people, particularly college students, are being seduced by easy credit and instant gratification, spending money they don’t have on things they don’t need. This easy credit revolution threatens to create a...