Consumer Financial Stress Is Changing the Rules of Shopping and Payments
PYMNTS.com
The financial pressure felt by millions of Americans is reshaping the mechanics of commerce itself.
As cash flow pressure spreads, consumers are rewriting their shopping and payment habits in ways that carry real consequences for merchants, banks and payment providers. This PYMNTS Intelligence report reveals how stress is redefining checkout, channel choice and payment risk…
Read moreShould Banks Compete in the Credit Builder Card Market?
By Tom Nawrocki, Payments Journal
The secured credit card has long been the industry’s solution for consumers without credit histories.
A new generation of credit builder cards is testing whether that solution still holds. Offered by several fintechs, the cards require users to fund an associated demand deposit account—often held at a separate bank—to cover card payments…
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Klarna to Offer After-Purchase BNPL
By Patrick Cooley, Payments Dive
Shoppers will be able to convert purchases into installment loans after the transaction, the company said Tuesday.
The feature, called “Swipe to Finance,” will be available “in the coming months,” the release said, without being more precise. A Klarna spokesperson declined to be more specific about timing in an emailed statement Wednesday…
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