Alternative Payment Methods, Including BNPL, Fuel Holiday Sales Growth
Early insights into holiday shopping trends show a growing movement toward emerging and alternative payment methods. As consumer spending data for Black Friday and Cyber Monday trickle in, buy now, pay later (BNPL) plans, in particular, continue to ascend in popularity. According to Adobe Research, BNPL companies have processed over $9 billion in purchases since […]
What Attracts Co-Branded Credit Card Applicants?
Co-branded credit cards have become a powerful tool in the financial and retail industries, offering a blend of targeted rewards, brand loyalty incentives, and exclusive perks that appeal to a broad range of consumers. These cards, created through partnerships between financial institutions and retail, travel, or lifestyle brands, attract applicants by aligning their benefits with […]
Rules Designed to Mitigate Fraud Could Impact Small Business Owners
New U.S. Treasury Department regulations set to take effect next year aim to keep criminals from using businesses as fronts for fraud or money-laundering. The rules represent the realization of the Corporate Transparency Act, which was passed several years ago, which requires over 30 million U.S. small businesses and corporations to submit a Beneficial Ownership […]
How Financial Institutions Can Change the Paradigm for Cross-Border Payments
The correspondent banking system that has been the framework for cross-border payments for decades has become inadequate to meet the demand for global remittances. However, with so many technology solutions available, many financial institutions might be unsure how they can participate in the growing cross-border payments segment. In a recent PaymentsJournal webinar, Gary Palmer, CEO […]