Banking: Page 82

  • Afterpay
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    Courtesy of Afterpay
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    Afterpay partners with retailers for in-store payments

    Shoppers nationwide can use a virtual, contactless card stored in their digital wallet to pay for in-store purchases in installments. 

    By Tatiana Walk-Morris • Oct. 19, 2020
  • Bank of America CEO Brian Moynihan moderates a discussion while seated onstage.
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    Drew Angerer via Getty Images
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    Bank of America enters the small-dollar loan fray

    Balance Assist, which will launch in January, will offer loans of up to $500 — to be repaid in three installments over 90 days — for a flat $5 fee to customers who have held Bank of America checking accounts for a year or more.

    By Dan Ennis • Oct. 9, 2020
  • Creative image with coins jumping from one phone to another. Explore the Trendlineâž”
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    Getty Images
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    Trendline

    Digital wallets proliferate as features advance

    As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

    By Payments Dive staff
  • Venmo launches a credit card.
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    Courtesy of Venmo
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    Venmo launches its first credit card

    After teasing it last October, the payment platform this week unveiled the card, which is integrated with the existing Venmo app.

    By Tatiana Walk-Morris • Oct. 6, 2020
  • Ally Financial, NYSE facade
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    Courtesy of Ally Financial
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    Ally partners with Mastercard's Vyze to enter retail point-of-sale lending

    The bank will offer installment loans on retail purchases between $500 and $40,000 with interest rates ranging from 9.99% to 26.99%. Monthly fixed-rate installment loans will range from six to 60 months, the company said.

    By Dan Ennis • Aug. 26, 2020
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    flickr: 401(K) 2013
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    Remote work exposes payment system inefficiencies

    Although most organizations want to automate payments, only about 8% have fully done so.

    By Robert Freedman • July 22, 2020
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    Mastercard newsroom
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    More than half of US consumers paying contactless, Mastercard finds

    Banks such as HSBC, JPMorgan Chase and Bank of America have ramped up their efforts to push consumers toward tap-and-go technology. The coronavirus may prove the catalyst for behavioral shift.

    By Dan Ennis • April 30, 2020
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    PayPal
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    Banks mostly fear payments and money transfer fintechs, survey finds

    Less of a concern among banks is competition from online investment and crowdfunding upstarts. 

    By Robert Freedman • March 3, 2020
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    Sephora
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    Sephora launches store-branded credit card program

    Cardholders will receive rewards in addition to those they already get from the retailer's popular Beauty Insider program.

    By Cara Salpini • March 15, 2019