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Re-imagined BNPL from Episode Six provides card issuers new capabilities to configure instalments for payment transactions

Episode Six is transforming the buy now, pay later (BNPL) landscape, by putting control in the hands of card issuers versus the acquirer or other third parties. For the first time, issuers can implement changes at the account level in real-time. To understand why this is important, we take a look at the interest in BNPL and how it works.

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SATOSHI GOES TO WASHINGTON : SENATOR TOOMEY ISSUES RFI TO INFORM DIGITAL ASSET LEGISLATION

As we have noted in the past, federal regulation of the digital asset/cryptocurrency/DeFi community is evolving and there are many perspectives on what direction it should take. For instance, earlier this week, the House Democratic leadership and a group of moderate House Democrats agreed to a compromise that would prevent the House of Representatives from amending the Senate-passed “Infrastructure Investment and Jobs Act” (H.R. 3684), thereby preserving the bill’s provisions expanding the definition of “broker” under the Internal Revenue Code to apply to various digital asset market participants.

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TAKING BITCOIN TO THE BANK: FDIC SEEKS COMMENTS ON BANK SERVICES FOR DIGITAL ASSETS

The Federal Deposit Insurance Corporation (FDIC) has issued a “Request for Information and Comment on Digital Assets” (RFI) to learn more about the “novel and unique considerations related to digital assets….[g]iven that banks are increasingly exploring the emerging digital asset ecosystem.” A key theme of the RFI is the development of a framework to promote “responsible innovation.”

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Compliance meets digital

One of the most discussed subjects in the industry today is how digital has transformed banking and financial services. And of course this has been even further amplified by the Coronavirus pandemic.

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