The Vermont Office of Child Support (OCS) has unveiled a new service that allows parents to make child support payments online using their credit and debit cards.
What does the future hold for BNPL market?
- Discusses the disruptive potential of the BNPL sector on the payments industry
- Identifies the leading companies that are driving sector growth and the benefits this new payments solution provides to both merchants and consumers
- Analyzes the consumer’s risk of using BNPL loans and government attempts at introducing regulations to the sector
- Uncovers the main risks that consumers expose themselves to when borrowing with BNPL
The online payment platform, EZpay4kids.vt.gov, which was developed in collaboration with the state’s e-government partner Vermont Information Consortium, is secure, convenient and can be accessed any time.
OCS director Jeff Cohen was quoted by vtdigger.org as saying that they believe these new, flexible payment options will help people make their payments faster and on time.
"We also expect these options to help increase the total amount of child support collected for children in Vermont," Cohen added.
OCS will charge $5 convenience fee for every transaction made through EZ pay using a credit or debit card.
What does the future hold for BNPL market?
- Discusses the disruptive potential of the BNPL sector on the payments industry
- Identifies the leading companies that are driving sector growth and the benefits this new payments solution provides to both merchants and consumers
- Analyzes the consumer’s risk of using BNPL loans and government attempts at introducing regulations to the sector
- Uncovers the main risks that consumers expose themselves to when borrowing with BNPL
