SWIFT gpi Instant goes live in UK, Stripe Capital expands business lending, Clothing retailers boost sales with BNPL

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December 2, 2020

Buy Now, Pay Later Tracker

Holiday Rebound: Apparel Retailers Drive Sales With Flexible Payment Options

Clothing retailers looking to bounce back from sales declines are hoping for a Christmas miracle this holiday-shopping season by offering flexible installment payment plans. In the Buy Now Pay Later Tracker, Daniel Demsky, co-founder of all-wool clothing retailer Unbound Merino, details how his company is leveraging BNPL to help make high-end items more accessible to consumers — and high cart totals more palatable.

 

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B2B Payments

AR Innovations Lag AP Advances For B2B Payments

There’s an imbalance in B2B payments where the digitization of accounts receivable (AR) is lagging the digitization of accounts payable (AP). Mark Aquilina, senior vice president of product and strategy at WEX, tells PYMNTS that’s creating a situation where payors are pushing digital invoices and payments to suppliers who don’t have the technology to receive them.

 

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Subscription Commerce Conversion Index

Subscription-Based Companies See Happy Holidays (And Renewals)

This year has been a surprisingly good time to sell subscriptions, with the latest Subscription Commerce Conversion Index reporting that some 15 million consumers have signed up for at least one subscription during the pandemic. Recurly's Emma Clark tells PYMNTS why many of those customers are staying beyond trial periods.

 

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Online Fraud 

Device ID Helps Fight Holiday Fraud Amid Record Online Shopping

Global eCommerce has grown nearly 70 percent amid COVID-19, but merchants are bracing for a commensurate surge in online fraud during the holiday-shopping season. Mzukisi Rusi, vice president of customer success at device identity and authentication provider Entersekt, tells PYMNTS how retailers can fight back. Hint: Adding a little friction to the sales process is OK. 

 

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Earned Wage Access 

CFPB Clarifies Position On Earned Wage Access Policy; Says Programs Are Not An Extension Of Credit

Earned-wage access products are gaining ground as employees seek to bring the paycheck into the digital-first economy. The U.S. Consumer Financial Protection Bureau has issued a new ruling that states the practice is not an extension of credit. We break it down.

 

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Securing Trust Online

Mitek CEO: Digital Identity Must Accelerate During Pandemic

The world of trust between business and consumers has been rocked by the pandemic. Mitek Systems CEO Max Carnecchia tells Karen Webster that digital identity can help solve the problem, but that the pace of progress must accelerate.

 

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