Affirm Chief Executive Calls for Cap On ‘Buy Now, Pay Later’ Fees
By Akila Quinio, Financial Times
The chief executive of “buy now, pay later” lender Affirm has called on the US to find new ways to cap late fees on the sector’s increasingly popular loans, after the Trump administration scrapped Biden-era plans to regulate BNPL groups.
Max Levchin, who founded US-listed Affirm in 2012, said setting limits on the penalties would encourage lenders to focus on refining their underwriting models instead of betting on consumers missing payments…
Read MoreThe $95B Wake-Up Call: ‘Good Enough’ Digital Identity Is Costing Firms Growth
Published in PYMNTS
In an era where artificial intelligence-driven bots and digital agents are rewriting the rules of commerce, many companies still believe their identity verification systems are “good enough.” They aren’t.
According to new PYMNTS Intelligence research in collaboration with Trulioo, inadequate digital identity systems are quietly draining 3.1% of annual revenue. That’s nearly $95 billion globally every year. The damage isn’t limited to fraud losses. It’s missed growth, false declines, regulatory exposure…
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How Payment APIs Transform Commerce and Customer Experience
By Louis Thompsett, Fintech Magazine
Industry experts explore how payment APIs shifted ecommerce from tech hurdles to seamless experiences, enabling new business models.
The rise of payment APIs has completely changed how businesses handle transactions online. What started as a solution to complex technical problems has become the backbone of modern commerce, powering everything from marketplace platforms to subscription services…
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