Mastercard has announced a growing list of partners, including specialists in buy now, pay later (BNPL), that will take Mastercard Installments, the payments giant’s BNPL program, a press release said.
The new partners include Amount, Bass Pro Shops and Cabela’s, Deserve, H&R Block, i2c, Lithic, Saks Fifth Avenue, Sutton Bank and Walgreens.
The release said that Mastercard Installments uses the usual four-installment payments method to allow for more flexibility in payments.
The press release said that the Mastercard Installments program allows users to access BNPL offers, either approved beforehand through a lender’s mobile banking app or through instant approval during checkout.
It will also provide access to a network of partners, and a suite of APIs that can be used to power parts of installment.
“As demand for BNPL solutions continues to grow, consumers have made it clear they want greater choice, flexibility and control in how they pay — wherever they shop,” said Linda Kirkpatrick, president of North America at Mastercard. “With our vast acceptance and reach, Mastercard is uniquely positioned to enable lenders and merchants to deliver seamless and secure BNPL experiences at scale.”
PYMNTS wrote that Stephanie Meltzer-Paul has been tapped by Mastercard to lead its loyalty services, which encompass benefits, rewards and platforms for various issuers and merchants, as of earlier this month.
Meltzer-Paul most recently worked with Inspire Brands, part of that company’s acquisition of Dunkin’ Brands. She was promoted to lead product, strategy and growth for loyalty, digital and customer relations.
The report says she was head of the loyalty and digital services for Dunkin’, membership and engagement for BJ’s Wholesale Club and global loyalty marketing for Starwood Resorts.