May 30, 2019
Brex Hits $2B Valuation Two Years After Launch
San Francisco-based startup Brex is set to close on new funding at a valuation of more than $2 billion. Brex — which provides corporate credit cards to tech companies, startups...
May 29, 2019
Combating The Payday Loan With On-Demand Wages
FinTech firms that provide workers with wages on demand (i.e., before payday) emerged with the cash flow challenges of low-wage, hourly workers in mind. Yet, in the U.K., rising costs...
May 29, 2019
Could Income Share Agreements Displace Payday Loans?
Income sharing is not a common method of financing as of 2019 — though, as of late, it has begun to get much more interest from investors and innovators, particularly...
May 28, 2019
Erica — BoA’s AI Assistant — Hits 7M Users
Bank of America announced on Tuesday (May 28) that its AI-powered virtual assistant Erica has surpassed seven million users and 50 million client requests, the bank said in a release....
May 28, 2019
Spain’s Central Bank Calls For Deposit Insurance Scheme
The Bank of Spain wants eurozone countries to complete their banking alliance by creating a deposit insurance scheme and a stabilization fund. Reuters, citing the Bank of Spain, reported that...
May 28, 2019
Citi Said ‘Thanks, But No Thanks’ To The Apple Card
Citigroup was reportedly in advanced talks with Apple to partner on its new credit card but decided not to move forward, according to CNBC. Citing people with knowledge of the...
May 28, 2019
Australian Governments Take Action On Late SMB Payments
While late payments to small B2B suppliers appears to be a universal challenge, the U.K. has arguably shed the most light on the problem thanks to industry efforts to raise...
May 27, 2019
Brazil: Petrobras sets June deadline for Liquigas offers
Brazilian state-controlled oil company Petroleo Brasileiro SA has set a June 7 deadline to receive non-binding proposals for its liquefied petroleum gas (LPG) distribution unit Liquigas, one source with knowledge...
May 24, 2019
Crypto Diamonds Are For … Never(?)
Charles Ponzi built his eponymous schemes on the promise of profits tied to postage stamps. But ours is a decidedly high-tech world, where fortunes are made and lost – and...
The “Buy Now, Pay Later Tracker®,” a PYMNTS and Afterpay collaboration, brings you the latest news and research from the buy now, pay later space. It features expert analysis of changing payment trends as well as insights from top insiders within the retail and fashion industries.
Discouragement, fear and frustration stop consumers when it comes to improving their credit scores, with at least 15% either not knowing where to begin or afraid of taking on more debt. PYMNTS Intelligence’s latest study of 2,558 consumers reveals the knowledge and tools consumers need to succeed in today’s economic environment.
Read more in “The Credit Accessibility Series: Declining Purchasing Power Pushes Consumers to Improve Credit Scores,” a collaboration with Sezzle.