In an age where consumers are grappling with ways to manage debt, but also finance the purchases they need, point-of-sale financing is gaining ground. To that end, and as announced last week, Synchrony will acquire Ally Financial’s point-of-sale financing arm. In terms of reach, Synchrony...
Parents are poised to spend an average of $850 on school supplies as their children head back to class after a year of lockdowns and learning from home. In the Buy Now, Pay Later Tracker, John Caskey, VP of technology at art supply retailer Arteza,...
The United States economy is showing signs of recovery with consumer confidence on the rise, but shoppers are still not going back to their 2020 payment ways. Adoption and awareness of buy now, pay later (BNPL) methods that can add a level of financial flexibility...
It was a slow week for B2B FinTech venture capital investments, though the industry still managed to pull more than $46.8 million in fresh funding. The leader this week is a B2B payments and trade credit startup offering a point-of-sale financing solution for B2B buyers,...
September 03, 2021
The United States economy is showing signs of recovery with consumer confidence on the rise, but shoppers are still not going back to their 2020 payment ways. Adoption and awareness of buy now, pay later (BNPL) methods that can add a level of financial flexibility to consumers’ spending is growing. One study found that 86% […]
January 20, 2020
Never underestimate the value of the “Contact Us” form that every merchant and service provider places somewhere on its website — because no one knows who is going to end...
April 23, 2019
The idea started in the B2C world, but it wasn’t long before online sellers were asking about its use for B2B — at least, according to Chris Tsai, co-founder and CEO of Resolve,...
March 04, 2019
As we learned last week, purchase financing for Walmart customers is changing. In fact, the change has already begun and will continue to roll out over the next several weeks. Going...
March 04, 2024
Synchrony has completed its purchase of Ally Lending, Ally Financial’s point-of-sale (POS) financing business. The deal, first announced in January, includes $2.2 billion of loan receivables and a loan portfolio that includes relations with nearly 2,500 merchants and supports more than 450,000 active borrowers in home improvement services and healthcare. “Through this acquisition, Synchrony deepens its presence and reach in the home […]
March 17, 2020
Australian startup Afterpay is settling with the California Department of Business Oversight (DBO) over allegations that the buy now, pay later (BNPL) firm was offering illegal loans in the state....
April 16, 2019
Mastercard has moved into point-of-sale financing with the acquisition of Vyze, a FinTech firm the payment card network calls an “an end-to-end platform that facilitates financing options for merchants’ customers...
