Investment

Alliance Data’s Bread® to enable point-of-sale lending for Fiserv merchant customers

– A large clientele of acquiring Fiserv merchants will be able to offer access to Bread as a purchase financing option to consumers at the point of sale – Alliance Data will create and store customer loans Columbus, Ohio, April 29, 2021 / PRNewswire / – Alliance Data Systems Corporation …

Read More »

Westpac adds payment controls for games of chance; BBVA is phasing out unsustainable cards

The information you need to start your day, from PaymentsSource and on the web: Collection Westpac has added user controls to its mobile and online platforms that allow consumers to restrict their gambling payments, the latest in a series of financial institutions to deploy technology to reduce problem gambling. The …

Read More »

OCC’s “ real lender ” rule is a bad route to small dollar lending by banks

Research shows that payday loans and similar loans hurt the financial health of millions of Americans every year. The Pew Charitable Trusts have found that the average payday borrower has $ 375 in loans outstanding five months of the year – and pays $ 520 in fees just for that …

Read More »

Capping more than 18 months of growth, Southern Management Corporation relaunches under the name of Heights Finance

The rebranding will also allow the company to relaunch its services and target a wider range of consumers, offering a more complete range of financial products and solutions. Heights Finance will continue to invest heavily in improving its online presence, while enhancing the exceptional personalized service for which each of …

Read More »