How Do BNPL Loans Affect Credit Scores?
Pretty much since their introduction, buy now, pay later plans have been a point of contention regarding their impact on users’ credit scores. BNPL providers worried that sharing users’ data could harm them in the long run. But now, Affirm has teamed up with Fair Isaac Corp. (FICO) to show that BNPL loans have little […]
FIS Adds FedNow Send Capabilities for Comprehensive Instant Payments
Amid the continued push for U.S. instant payments adoption, FIS announced that it is one of the first fintech providers to be certified to enable send capabilities for credit transfers on FedNow. The U.S. Federal Reserve launched its FedNow instant payments service in July 2023, and roughly 1,000 financial institutions are currently participating. However, with […]
The Looming Cyber Threats Targeting Smaller Financial Institutions
Cyber fraud presents a unique threat to small and mid-sized financial institutions, which often lack the resources or expertise that major banks possess to fend off account takeovers and other cyberattacks. However, they face the same risks from hackers as any larger institution. In a PaymentsJournal podcast, Mike Kosak, Senior Principal Intelligence Analyst at LastPass, […]