PayPal Credit drops installment loan threshold to $30, Payday lending laws driving borrowers to pawnshops, how to build a global identify network

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

September 18, 2019

Digital Identity

How To Build A Global Digital Identity Network

What can the card networks teach us about digital identity? That it takes a global network to deliver acceptance, security and compliance at scale. Trulioo CEO Stephen Ufford tells Karen Webster that with 5B digital identities later, a global digital identity network is what they’re building — with some of the biggest marquee names in financial services and payments behind them.

 

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PayPal

PayPal Lowers Installment Credit Threshold To $30 - $99 Purchases

Jingle those bells. PayPal Credit today announced that this holiday season, their partner merchants can offer up to three months of zero-interest financing for any order of $30-to-$99. The expansion, PayPal's Vice President of Consumer Credit Susan Schmidt told PYMNTS in advance of the announcement, comes via merchants — and an eye on bigger ticket purchases. And though it’s here through the holidays — she suspects it could stick around longer.

 

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Retail Experience

How To Make Sure Stores Don’t Die

So-called omnichannel retail and payments lead to disaster if not done right. Adam Levene, founder of retail tech company Hero, talks with PYMNTS about how mobile tech and store clerks must combine to build better consumer experiences. The talk comes as demand builds for such capabilities in Asia and other digital and retail hotspots — and as traditional retail faces the threat of death.

 

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Healthcare Innovation

Healthcare Goes Retail

Walgreens, CVS, Amazon and others keep changing the healthcare game via retail innovation. Even primary-care clinics are becoming part of the equation. But it’s not all smooth sailing for even the biggest players, and what’s happening now, failure or success, will have implications in the coming decade. Here’s our pulse check.

 

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Payments And The Platform Economy Playbook

Why The GAO Thinks PSPS Can Help Fix The Marketplace Counterfeit Problem

Fraudsters sold counterfeit products worth $323 billion last year, and are projected to make off with $1.8T by 2020. Kimberly Gianopoulos, director at the U.S. Government Accountability Office says that payments services providers, working with government agencies, can help marketplaces fix that. In the latest Payments And The Platform Economy Playbook, she explains how.

 

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