| Upgrade Card aims to disrupt installment pay, Credit card interest rates hit record levels, Finestra taps Ripple for blockchain payments | | | Upgrade Card Combines Credit Card Acceptance With Installment Pay Flexibility Twelve years ago, Upgrade Co-Founder and CEO Renaud Laplanche founded LendingClub to help consumers manage $800 million in outstanding credit card debt. Today (Oct. 10), heâs launching the Upgrade Card â a credit card thatâs accepted everywhere, but turns end-of-month balances into a series of low-interest installment payments. He explains to Karen Webster why and how he set out to reinvent the credit card, and disrupt that industry â again. |
| PingPong: Why Doing Payments Globally Is All About Thinking Locally Going global is mostly a no-brainer for eCommerce sellers and marketplaces. However, as PingPong Vice President of Global FI Partnerships Aaron Xu tells Karen Webster, the secret to building an accessible and effective network is to act locally. The key, he says, is to bridge the gap between global ambitions and local conditions. Hereâs why. |
| The Order To Cash Cycle Seeks Its Automated Reinvention Managing supply chains and B2B payments means firms have to navigate complex order to cash (O2C) cycles. Brandon Spear, president at MSTS, tells PYMNTS that automating processes across procurement and invoicing, and embracing credit as a service, can help reduce the challenges of managing cross-border commerce. Hereâs the refresh. |
| The Push And Pull Of Real-Time Payments As real-time payments spread across the globe, the structure of these systems is becoming more clear — and some tech and features will likely not make the grade. Trevor LaFleche, director of product management for enterprise payments solutions at Fiserv, talks with PYMNTS about the place that push and pull payments have — and will have — in the real-time ecosystem, and about what’s coming next in this particular corner of payments. |
| | Digital Banking Tracker™ | | Inside Synchrony Financial's AML Playbook Lax anti-money laundering (AML) systems have cost FIs more than $8 billion in fines this year alone â and maintaining compliance without compromising the user experience can be tricky, says Michael Bopp, chief customer engagement officer for Synchrony Financial. In the latest Digital Banking Tracker, he takes PYMNTS inside how the company is innovating its cybersecurity protocols to ward off money launderers, without adding friction to the customer experience. |
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