Delinquencies Run Rampant as Student Loan Collections Return
The process of collecting defaulted student loan payments has resumed after a five-year pause due to COVID-19, and the outlook is fairly bleak. As of February, more than 20% of all federal student loan borrowers with payments due are over 90 days delinquent. According to data from TransUnion, the current student loan delinquency rate stands […]
PayPal Pilots Digital Wallet in Germany Amid Stablecoin Push
PayPal will launch its first mobile wallet in Germany as part of its strategy to capture a greater share of in-store payments. At checkout, consumers can access the wallet through PayPal’s app and tap-to-pay at merchants that accept Mastercard contactless payments. The app will also provide a unified view of both online and in-store transactions. […]
The Connecting Thread: How PAR Values Can Mitigate Fraud and Supercharge Loyalty Programs
When customers make purchases using Apple Pay or Google Pay—or enter their card info at online checkout—their sensitive data is protected by replacing it with a token. While this safeguards consumer privacy, it has also created a challenge: because the same card can be tokenized differently across multiple merchants, businesses are losing access to vital […]