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Copyright © 2021 Valley National Bank, All Rights Reserved.
Member FDIC, Equal Housing Lender
Buy-now-pay-later (BNPL) is an increasingly attractive option for customers to pay for purchases. These providers offer instant approval and zero-interest installment payments, making them an attractive option for buyers who may have liquidity or credit issues. Plus, until recently, BNPL providers did not report to credit bureaus. This spring, however, the ...
Offering your customers a buy-now-pay-later (BNPL) solution is a good way to provide a frictionless payment experience. Still, businesses should do more than include a BNPL provider on their checkout portal. Companies should consider their role in explaining how BNPL works and why it might be an alternative payment option ...
Buy-now-pay-later makes it easier to purchase expensive items, essentially lending you the money to make a purchase in exchange for recurring repayments. Many consumers may not understand the finer details of how BNPL providers work. In fact, BNPL works differently than other common forms of credit, such as credit cards ...
Goodbye, cash; hello, mobile wallet. If you haven’t yet swiped or tapped to complete a purchase, chances are you will soon as the use of cash falls and alternative payment methods rise.1 In fact, one study finds total spend from mobile wallets2 will grow at a compound annual growth rate ...
The buy-now-pay-later (BNPL) space helps consumers afford large purchases. In fact, recent research suggests that 45% of BNPL users surveyed do so because it’s easier to make payments, with 44% using this technology because of its flexibility.BNPL is another tool that merchants can offer to customers to help them pay ...
It’s a classic Catch-22. How can you build credit when you have no credit history? Young adults often face this dilemma. For example, a great way to build credit is to consistently pay your credit cards bills on time, but how do you get a credit card if you have ...
The original theme of this month's newsletter changed rather dramatically as the early March events in the banking sector radically altered the tone in the markets. While the focus had been a deeper dive into the “Recession vs Runway” theme for an economic landing, the failures of Silicon Valley Bank ...
Married couples seem to get a lot of breaks when it comes to finances—presumably, two people are earning (and sharing) income; they might have more choices for affordable insurance, and they often enjoy more generous tax deductions. Yet they also have to navigate tricky financial situations, such as allocating their ...
With the price of food on the rise, grocery bills are growing along with it. It can be a challenge to stick to your grocery budget while also trying to check everything off your list. But, with a little effort, you can keep your weekly grocery bill on budget. Whether ...
More than 11 million minority-owned businesses make up the economic fabric of the United States, according to data compiled by The Business Journals, and these businesses generate about $1.8 trillion in annual revenue, making up a good portion of the country’s economic success.Yet, minority-owned businesses do not receive nearly as ...
Do you have a budget? It’s a core factor in improving your financial well-being – both for today and the future. Consider this guide your “budget buddy” and get started today.What is a budget?We hear the word a lot, but what does it really mean to make a budget? At ...
Every March, we celebrate Women’s History Month where we honor women’s contributions in American History. This is a time to celebrate actions big and small that have led the way for progression. The theme for Women’s History Month 2023 is Celebrating the Women Who Tell Our Stories. These women might ...
Copyright © 2021 Valley National Bank, All Rights Reserved.
Member FDIC, Equal Housing Lender