article thumbnail

Free Credit Card Processing for Small Businesses: Too Good to Be True?

EBizCharge

Cash discounting: Prices reflect the cash payment amount and a higher price is applied for credit card transactions. So, while no-fee payment processing sounds great on paper, it’s more of a redirection of cost rather than the elimination of it. Are you okay with potentially losing some price-sensitive customers?

article thumbnail

Progressive Leasing To Pay $175M FTC Fine Over Rent-To-Own Pricing

PYMNTS

The FTC said that was not the case and that customers frequently ended up paying much more than the sticker price, sometimes as much as double if they made all their scheduled payments.

FTC 55
article thumbnail

Banked Partners with National Australia Bank to Accelerate A2A Payment Solution Adoption

The Fintech Times

The NAB and Banked partnership aims to boost the use of A2A and ‘ Pay by Bank ’ technology, using Australian Payments Plus (AP+) ‘PayTo’ services – making it easier for merchants to give Australians more choice and control over how they pay.

article thumbnail

Banked and NAB Partner to Accelerate Pay by Bank Adoption in Australia

Fintech Finance

Pay by Bank capability will enable merchants to send PayTo Agreements to their customers and initiate payments and refunds according to their PayTo agreements, addressing a range of scenarios for merchants such as online payments, scheduled recurring payments with fixed or variable amounts, and split payment amounts.

article thumbnail

Utilities Providers Can Be a UK Consumer’s Knight in Shining Armour By Helping With Cost-Of-Living

The Fintech Times

“Open banking solutions like VRP (variable recurring payments) can help utilities providers offer support to customers struggling to stay on top of monthly outgoings, with features such as agreed maximum payment amounts and automated retries meaning both parties can have more peace of mind and the ability to adapt to changing circumstances.

Caps 59
article thumbnail

Lease-To-Own Services Make A Comeback With Overstock.com

PYMNTS

Customers can lease these products, and include services such as home delivery, installation and protection agreements in one lease. In addition, Sears offers an online estimator tool to help members estimate their payment with different payment schedules and lease amounts.

article thumbnail

Finovate Global: Monzo’s Millions, A2A Payments in Australia, FinovateSpring’s International Alums

Finovate

Specifically, the two entities are seeking to encourage the adoption of Pay by Bank technology via Australian Payments Plus (AP+ ) services. “The nascent A2A payments industry in Australia presents an incredible opportunity for Banked,” Banked CEO Brad Goodall said. Is there a future for a retail CBDC?