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CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards

CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
CFPB Says BNPL Must Provide Consumer Protections Offered by Credit Cards
May 22, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ruled Wednesday (May 22) that buy now, pay later (BNPL) vendors are credit card providers and must provide some...

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Mastercard Uses AI to Solve ‘Jigsaw’ of Credit Card Fraud
Mastercard Uses AI to Solve ‘Jigsaw’ of Credit Card Fraud
May 22, 2024  |  Fraud Prevention

Mastercard says it is using generative AI to more quickly detect compromised credit cards. Get the Full Story Complete the form to unlock this article and...

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UK Regulator Opens the Door for Credit Card Data Reporting Mandates
UK Regulator Opens the Door for Credit Card Data Reporting Mandates
May 21, 2024  |  Credit Cards

Higher fees from the payments networks across the pond have not translated into better service, according to a new report. Get the Full Story Complete...

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Visa and Mastercard Face Calls for More Transparency in UK
Visa and Mastercard Face Calls for More Transparency in UK
May 21, 2024  |  Credit Cards

The U.K.’s payments watchdog says card giants Visa and Mastercard need to offer greater transparency. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Card Delinquencies Keep Falling as Lending Creeps Up
Card Delinquencies Keep Falling as Lending Creeps Up
May 21, 2024  |  Credit Cards

Credit card delinquencies reportedly fell in April amid signs of improved lending activity. Get the Full Story Complete the form to unlock this article and...

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Unlocking ‘Self-Driving Money’ With Smarter Card Reward Management
Unlocking ‘Self-Driving Money’ With Smarter Card Reward Management
May 21, 2024  |  Credit Cards

Most credit cards — more than 80% — offer rewards to their users. Get the Full Story Complete the form to unlock this article and...

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Avidbank Taps CorServ to Launch New Commercial Credit Card Program
Avidbank Taps CorServ to Launch New Commercial Credit Card Program
May 16, 2024  |  B2B Payments

California-based Avidbank has tapped CorServ to help launch a new credit card program for the bank’s commercial customers. Get the Full Story Complete the form to unlock this...

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Shoppers Spend Twice as Much with General Purpose Credit Card Installment Plans than BNPL
Shoppers Spend Twice as Much with General Purpose Credit Card Installment Plans than BNPL
May 16, 2024  |  BNPL

Pay later plans break up the cost of purchases into smaller scheduled payments over time. These plans have gained popularity with consumers. However, PYMNTS Intelligence...

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