consumer credit

2023 Looms as BNPL’s Banner Year as Consumers Seek Payments Choice
2023 Looms as BNPL’s Banner Year as Consumers Seek Payments Choice
January 13, 2023  |  Buy Now Pay Later

The surging popularity of buy now, pay later has bucked conventional wisdom about installment lending. “At the beginning of the BNPL boom, we heard all...

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Lendable Valued at $4.5B Following $275M Fundraise
Lendable Valued at $4.5B Following $275M Fundraise
March 10, 2022  |  Investments

Consumer finance platform Lendable has raised $275 million in a funding round that valued the U.K. firm at $4.5 billion, the company said in a...

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Avant CEO: Near-Prime Consumers Aren’t As Risky As Incomplete Data Suggests
Avant CEO: Near-Prime Consumers Aren’t As Risky As Incomplete Data Suggests
June 17, 2021  |  Risk Management

The last 16 or so months has triggered a full reset of almost every part of consumers’ lives, as they were forced to rewire themselves to...

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CapOne Earnings Show Accelerated Digital Shift, Improving Credit Metrics
CapOne Earnings Show Accelerated Digital Shift, Improving Credit Metrics
January 26, 2021  |  Earnings

Capital One Financial said on Tuesday (Jan. 26) that, in its fourth quarter, consumer credit metrics improved as consumers continued to pay down debt. In...

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Today In Payments: Ripple Faces SEC Lawsuit It Says Would Cripple Cryptocurrency Industry; Peloton Buys Fitness Equipment Maker Precor
Today In Payments: Ripple Faces SEC Lawsuit It Says Would Cripple Cryptocurrency Industry; Peloton Buys...
December 22, 2020  |  News

In today’s top news, Ripple said it faces a lawsuit from the SEC over the sale of unlicensed securities and Peloton has acquired fitness equipment...

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Tough Times in Consumer Credit Could Push Some Americans to Nontraditional Lenders
Tough Times in Consumer Credit Could Push Some Americans to Nontraditional Lenders
June 08, 2020  |  Economy

April wasn’t a good month for consumer-credit use. According to the latest Federal Reserve data, U.S. consumer borrowing dropped 19.6 percent — its fastest decline...

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New Fiserv Program Aims To Cover Residential And Commercial Rent
New Fiserv Program Aims To Cover Residential And Commercial Rent
June 04, 2020  |  Alternative Credit

For individuals and small businesses that are having trouble covering the rent during the COVID-19 economic collapse, but might have a credit card or line...

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Innovating Next-Gen Credit Solutions
Innovating Next-Gen Credit Solutions
April 30, 2020  |  Alternative Credit

A steady progression of credit throughout decades finds payments at a new frontier. Traditional card products and the payment rails established to facilitate their transactions...

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Venmo App Lets Parents Create Debit Card For Kids
Venmo App Lets Parents Create Debit Card For Kids
February 24, 2020  |  Merchant Innovation

Venmo is branching out to target a new demographic in its payments service: teenagers, according to published reports on Monday (Feb. 24). A new proposed...

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