Watch the clip above and be sure to check out the full episode located below the show notes.
Jeremiah Lotz, Managing Vice President of Digital and Data at PSCU, stopped by the show to share his insights on the buy now/pay later payments trend that is sweeping the globe right now. And, according to an American Banker story: “Big Credit Card Issuers Make Their Moves in Buy Now/Pay Later,” this trend seems to becoming well entrenched in our financial services environment.
Jeremiah joined us to discuss how did BNPL has risen to such prominence over the last couple of years. He also talked who the primary target is for this type of payment and its effect on credit unions -- enabling them to stay competitive.
Lastly, Jeremiah talked about PSCU's BNPL/installments payment offering to credit unions and why they created such a service -- which allows cardholders to pay for purchases over a fixed timeframe by dividing the purchase amount into smaller fixed payments.
Check it out and let us know your thoughts. And be sure to watch the entire episode below for all the details.