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Leading cash-back credit cards need to drive acquisition in a cutthroat segment of the card market. Our exclusive consumer survey data reveals which emerging features issuers should invest in to win over customers.

It will also roll out Pix Garantido, which would let customers make installment payments. There is no launch date for this feature yet. Our take: Pix Proximity can help boost in-store Pix payments by streamlining the payment process at the point-of-sale. These innovations can also help serve as a roadmap for the US as it tries to build a domestic instant payments system, FedNow.

The Swedish player launched as a buy now, pay later (BNPL) company in 2005 and pivoted to being a broader shopping app in 2021. The app lets consumers shop by product category or by brand and pay in installments at any retailer. Klarna also offers a browser extension that applies discounts to shoppers鈥� carts in seconds.

The CFPB has been very active the past year, releasing rules on buy now, pay later (BNPL), open banking, and early wage access programs, among other areas. Of course, the future of the CFPB isn鈥檛 entirely based on the presidential election. Director appointees would need approval from Congress, for example. Cordray鈥檚 own confirmation was held up by Republicans in the Senate for nearly two years.

But providers such as Apple and PayPal have integrated buy now, pay later (BNPL) options into their digital wallets, which help customers pay for installments鈥攚ithout credit card fees. BNPL options can boost conversions and average order values. But digital wallets aren鈥檛 for everyone.

Digital technologies are reshaping customers' in-store payment experience. Here鈥檚 what payment providers must know about in-store payment digitization trends.鈥�

And PayPal鈥檚 enhanced one-time checkout increased buy now, pay later (BNPL) use by 15% to 20%. Making Venmo profitable. One tool PayPal is using is the Venmo Debit Card. In Q3, monthly active debit card accounts grew 30% YoY. But that鈥檚 just 5% of active Venmo accounts, showing room for growth. We forecast US Venmo users will total 76.4 million in 2025.

Shoppers will lean on BNPL. Globally, BNPL volumes jumped up 237% YoY in the first half of 2024, per ACI Worldwide. ACI expects this bump to carry into the holiday shopping season: Many consumers want flexible payment options to ease their financial concerns. But consumers may be stretching themselves thin.

Affiliate deals linked to loyalty programs, credit cards, and buy now, pay later (BNPL) services not only help to drive higher conversions, but also help marketers from over-discounting to consumers that would be willing to buy at a higher price, Willens said. Watch the full webinar. This was originally featured in the 蘑菇AV Daily newsletter.

In addition to BNPL fintechs rolling out BNPL-integrated debit cards like the Affirm card, other payment players are also getting in on the action. Chase offers Chase Pay in 4 to its debit card holders. Unlike its credit card-linked Pay Over Time, Pay in 4 charges no fees to turn a transaction into installments. Suffolk Credit Union has a BNPL product for its debit cards.

The CFPB鈥檚 yearslong investigation found that Goldman and Apple mishandled consumer disputes and misled cardholders about refunds and Apple product payment plans. Goldman will have to pay $19.8 million in refunds to customers, on top of a $45 million penalty. Apple will have to pay a $25 million fine.

And BNPL is becoming a popular financing alternative: 4 in 10 US digital buyers will use BNPL at least once in 2025, per our forecasts. The Upgrade Financing feature should also prove popular among Apple fans who continually want the latest and greatest Apple products. Apple offers a similar upgrade program for the iPhone.

Spotlight on the Affirm Card: The buy now, pay later (BNPL) company鈥檚 debit product helped propel growth. The Affirm Card volume hit $397 million in Q2, up from just $11 million a year ago. And 30% of card volume was in store. The card also boasted 700,000 active consumers at the end of Q2, compared with just 50,000 last year.

On top of being a bank and a BNPL provider:. It launched a standalone open banking brand, Kosma. It bought and operated social shopping platform Hero for $160 million. It bought price-comparison site PriceRunner. It also launched a physical card and a shopping search engine, among other services and features. But not all of those ventures panned out.