Issuers Ban Bitcoin Card Purchases | CFPB Hits Pause On Equifax Hack | What Everyone Missed About eBay/PayPal

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The Monday Conversation

LendingClub: Getting Borrowers Off The Credit Hamster Wheel

When consumers need to get out of debt and start saving, tips like “skip the fancy Starbucks drink” fall on deaf ears. LendingClub president Steve Allocca tells Karen Webster how the company is as much about helping its clients break their credit habits as it is about helping them reduce the costs of servicing their debt.

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NEW REPORT: Pushing Payroll To The Unbanked

Checks are still the standard way to pay unbanked workers, even though the experience is expensive and time-consuming for them. Adam Rust, managing director of WiseWage, offers his take on how employers with unbanked workers are using new digital payments methods to push payments to those who don’t have — or want — bank accounts.

Topic TBD

To Ignite B2B eCommerce, Think Credit As A (Bundled) Service

B2B as eCommerce bastion of innovation? Not so far-fetched, as traditional banks grapple with shifting business models, and Amazon disintermediates middlemen. In the latest Topic TBD, MSTS president Brandon Spear says new credit-as-a-service platforms can offer real value add by way of bundled B2B functions, from credit to invoicing — and spark real change in the B2B arena.

eBay/PayPal: What Everyone Missed

When the news dropped last week that eBay decided to bring payments in-house and name Adyen as its unbranded payments processor, jaws dropped — and so did PayPal stock. Karen Webster said that understanding why the reaction by everyone from the news media to analysts was a bit overblown means digging into the details of the deal, and going back in time about 16 years. That’s when eBay bought PayPal after three years of trying to make a go of it on their own. Will this time be different?

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