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Afterpay US CEO: Buy Now, Pay Later Is In Right Place, Right Time

PYMNTS

Molnar said Afterpay is not only benefiting from its easy-to-use platform, but also from the fact that consumer preference has shifted toward using debit over credit. Ninety percent of our transactions are paid with a debit card, not a credit card,” Molnar said. million U.S. Lower Loss Rates.

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Gift Cards Poised For Big Role In Post-Pandemic Purchasing

PYMNTS

I don’t foresee us reverting to the way it used to be even after the pandemic is over and we are able to walk around without masks on.”. Mao, whose company provides solutions for payments, prepaid cards and gift cards, said the only way for merchants to go is forward, because going back isn’t an option.

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1 In 4 US Cardholders Saw Credit Limit Cut Over The Last Month

PYMNTS

Nearly 50 million credit card customers in the U.S. said they have had their credit limit slashed or their card closed in the past month as lenders move to minimize their risk amid the COVID-19 shutdown, a new study revealed. The sample size was 2,552 adults, including 1,230 adults with personal credit card debt.

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US Household Debt Hits All-Time High

PYMNTS

However, credit card balances have dropped compared to before the coronavirus pandemic. That decrease in credit card balances comes even as the credit limits have been increased by $34 billion, leaving $3 trillion available in credit card lines. Household debt has risen substantially in 2020 thus far, shooting up to $14.3

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Prepaid Cards: A New Way for Millennials to Get Paid

Let's Talk Payments

Believe it or not, tech-savvy millennials are ditching smartphone apps and mobile wallets in favor of a longstanding payment method – prepaid cards. Once thought of as an option used.

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Deserve Raises $50M to Expand Account Receivables

Bank Innovation

EXCLUSIVE— Millennial and Gen Z-focused credit card provider Deserve has raised $50 million from the Keystone National Group, funding earmarked for the startup’s expansion of account receivables, the company announced today.

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Not Even Millennials Care About Mobile Payments, Studies Show

Bank Innovation

Turns out even millennials don’t care that much about mobile payments. According to a report presented by the tech consultancy Accenture at Money20/20, the number of those of us in North America who use our mobile phones to pay at the point of sale hasn’t changed in the slightest since last year, Read More.