Point-of-sale financing just got a big boost via an acquisition that could lead to more payment synergies down the road. Meanwhile, the new world envisioned by the backers of PSD2 is coming into focus. Financial institutions are trying to crack a data problem, and there is news from the world of fraud prevention.
Data:
10 percent: Amount of FI data that contains personally identifying information.
$1.8 trillion: Value of the POS financing market opportunity.
90 percent: Approximate loan approval rate via the Vyze platform.
€30: Transactions under this amount are exempt from Strong Consumer Authentication.
$2,000: Maximum Walmart purchase amount eligible for POS financing.
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