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FIS Partners with Affirm to Bring Integrated Pay-Over-Time Capabilities Directly to Debit Issuing Banking Clients and Their Cardholders

Fintech Finance

FIS (NYSE: FIS), a global leader in financial technology, has announced a new strategic partnership with Affirm , (NASDAQ: AFRM), the payment network that can empower consumers and help merchants drive growth, making Affirm its integrated pay-over-time provider for debit issuers.

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Sub-Prime Lending’s Late-Year Bounce

PYMNTS

Matt Komos, vice president of financial services at TransUnion , said this indicates a growing risk tolerance among lenders across underwriting categories. “In The pendulum is starting to swing back, as we see lenders once again extend credit to sub-prime consumers.”. Sub-prime issuing also ticked up 3.6

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8 Southeast Asian Fintechs Featured in Forbes Asia 100 to Watch List

Fintech News

Zed’s innovative offering will include a no-fee credit card with features such as no hidden charges for international use, zero-interest on purchases for up to 31 days, and an advanced app with real-time transaction monitoring and security features like card freezing and unlimited virtual cards for secure online transactions.

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Cash or Credit: A Millennial Story

FICO

FICO's research also found that they are more interested than other generational groups in receiving notifications from their card provider on upcoming or missed payments, suspicious account activity and credit limit warnings. Helping to build a base of new Millennial clients is of the first critical step in those efforts.

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U.S. Bank Unifies Global Commercial Card Platforms

PYMNTS

The individual cards may be serviced by the local card issuer in that country or region, but we’re managing the overall program, doing a single contract throughout the world, underwriting the process, setting the credit limit and negotiating the pricing terms,” Rankin said. Bank issued the corporate card.

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Understanding Payment Processing Terminology Glossary for Merchants

PayHawk

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Annual Percentage Rate (APR) The annual interest rate charged by a credit card issuer on outstanding balances.

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Data Dive: Walking The Walk Edition

PYMNTS

On Thursday morning, news broke that the nation’s largest retailer is suing its longtime credit card issuer, alleging breach of contract. 1), Walmart alleges that Synchrony used underwriting standards that hurt Walmart financially, and is seeking damages of $800 million. Capital One and Discover Tap the Underwriting Brakes.