Americans Are Borrowing Money Again
Data Ownership Belongs With The Consumer
Buy-Now-Pay-Later Tool By Sezzle Backed By Discover
Sezzle’s buy-now, pay-later (BNPL) solution will be integrated on the Discover Global Network. Discover is backing Sezzle with a $30 million investment, and a referral program is being implemented introducing the card company’s credit and debit products to Sezzle’s user base.
DCA Insight
Offering merchant partners and consumers payment options is a smart strategic move. In today’s current economic environment, BNPL drives sales, loyalty, and customer satisfaction. Empowering the increasing number of shoppers whose credit scores don’t accurately reflect their credit risk by integrating non-traditional digital commerce services at check-out is a win-win across the board.
Digital Payments Giants Vie for In-Store Sales
PayPal announced it’s bringing its Zettle product to the US. It will offer point-of-sale hardware and related services such as invoicing to small- and medium-sized merchants—estimated to be a $4 trillion market. Other digital payments players, i.e. Stripe, Square and Fiserv’s Clover are addressing the small business/in-store market as well.
DCA Insight:
As shoppers and merchants emerge from the pandemic, and lines between online and offline shopping blur, look for continued innovation in the payments space. Services associated with payments such as credit, discounts, billing and crypto that bring value to consumers are key to gaining market share.
EPISODE 71: Consumers Assert Control Over Their Data
We Want to Hear From YOU!
CardLinx Forum August Webinar
Payouts Network: The New Age of Disbursements – How Payments are Going Virtual
Wednesday, August 18th | 10:00am – 11:00am PST
What’s the best way to pay employees, suppliers, merchants, and customers? In today’s digital economy, cumbersome and costly methods like checks, gift cards, and ACH are giving way to the issuance, acceptance, and claiming of money in real-time. Learn more about how businesses, financial institutions, and consumers worldwide are benefiting from virtual payment processes.
Speakers | Keith Smith, Chief Executive Officer – Payouts Network
CardLinx Forum (a division of DCA) hosts a live, interactive webinar each month featuring speakers from some of the world’s most influential companies. They share insights on important and relevant topics for your business—including the impact of Covid-19 on consumer credit behavior, mobile wallet adoption, card-linking and lending trends. The webinar is always free to members and non-members are invited to attend at $99 per registration. Members and non-members are encouraged to register now as space is limited!
Orion Innovation Joins Digital Commerce Alliance!
