Finextra – 7/10/14: Former Paypal co-founder Max Levchin is looking to disrupt the payments market once again with the launch of a new service that lets online merchants advance credit to consumers at the point of sale. The startup, dubbed Affirm, has announced the commercial release of ‘Split Pay’, which does away with inflexible credit scoring and enables online shoppers to make a purchase and pay across multiple months with financing fees a fraction of credit card interest rates.
Click here to read more: http://www.finextra.com/news/fullstory.aspx?newsitemid=26254&topic=payments

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