article thumbnail

Digital Revolving Credit: A Potentially More Responsible Financing Option than BNPL

Retail TouchPoints

This is in comparison to BNPL’s payment option, which finances individual purchases with separate fixed-term installment loans. However, there’s a catch: If a purchaser misses their payment obligations, they could be slapped with significant fees and accrued interest that may be unmanageable, especially for those living paycheck-to-paycheck.

Finance 260
article thumbnail

Buy Now, Pay Later: The Gen Z Alternative to Credit Cards

Retail TouchPoints

This generation has taken to this payment option faster than any other, but looking at their history it is easy to see why. Gen Z has grown up with a steady decrease in the use of physical payment, coupled with major advancements in fintech. Late or missed BNPL payments have their own consequences. with Klarna.”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Making High Conversion and High Security Play Nicely Together

Retail TouchPoints

Whether your ecommerce storefront is an omnichannel model like BOPIS or just a simple Shopify page, managing card-not-present payments is a persistent challenge. Upon finding them, suspicious chargebacks, account takeovers and bot attacks will likely appear in the gaps where your attack surface is weakest.

article thumbnail

What is Cryptocurrency and How Does it Work?

Small Biz Trends

Like paper money, cryptocurrencies are virtual currencies that can be used for real-world applications such as making payments, transferring funds, or even making speculations on the prices of other cryptocurrencies and Nonfungible Tokens (NFT). You can also send or receive cryptocurrency as a form of payment as well.

article thumbnail

Facebook Pay is Getting a Name Change

Small Biz Trends

Mark Zuckerberg recently announced that his business empire Meta is changing the name of payment app Facebook Pay to Meta Pay. All of your existing Facebook Pay information will still be there in the rebranded payment app, including account details, payment method and other settings. Facebook Pay is Getting a Name Change.

article thumbnail

Retail appointments of the week

Inside Retail

Brandbank owns and operates retail brands Seed Heritage, Kikki K, French Connection, Commonry, Fine Day and All Kinds. According to Pymnts , Bramman will be replaced by Nordstrom’s senior vice president and chief accounting officer Michael Maher from December 2, until a permanent replacement can be found. By Rakshnna Pattabiraman.

article thumbnail

Merchants call on Fed to cut debit card swipe fees

Mass Relators

WASHINGTON – The Merchants Payments Coalition on Tuesday called for the Federal Reserve to revise debit card swipe fee rules to reflect lower bank costs. The swipe fee regulations were adopted a decade ago, and a new Fed report shows that banks’ average cost of processing the transactions has since fallen by half. per year since 2009.