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The Buy Now Pay Later Boom Hits the USA and Latin America

Collection Industry News

Whilst the new payment method originally took off in Europe, it has slowly sept into the US market as startups, like Affirm , have gone public and found success, and Square , the San Francisco based financial services and digital payments company, bought Australia’s Afterpay in $29billion deal, to benefit off BNPL’s growth.

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What Is First-Party Fraud?

Fico Collections

Or they may unintentionally sell it to criminal gangs, which then rack up thousands of pounds of fraudulent credit card debt. Furthermore, you might automatically assume that first-party fraud only affects banks, but as telcos evolve into payment processing and handset financiers, they also are now feeling the pinch.