Banking

Visa crushes winnings; Mastercard on tap

Visa (V) topped fourth-quarter fiscal year earnings on Tuesday night, with rival payments giant MasterCard (MY) releasing third quarter results early Thursday. But Visa and Mastercard shares fell. X Jefferies analysts said in an Oct. 22 note to customers that they expected mixed results due to the Covid-19 peak delta …

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29 million U.S. consumers have used BNPL in the past year

Buy Now, Pay Later (BNPL) services are attracting consumer interest, but more importantly, the payment option is increasingly used. In a recent joint report between PYMNTS and Amazon Web Services (AWS), surveys of over 2,200 consumers showed that not only do consumers find the convenience of BNPL a selling point …

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Oportun Issuance seeks to raise $ 500 million in consumer loans

Oportun, Inc., a listed consumer finance company based in Menlo Park, Calif., Sponsors the 18e an asset-backed securitization transaction (ABS) secured by fixed rate consumer installment loans. Most of the deals were backed by unsecured loans, and now the Opportunity Issuance Trust 2021-C is one of the first deals on …

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