Member Exclusive, Podcasts

Behind the launch of Citizens Pay with Eric Schuppenhauer

  • Citizens Pay is the bank's growing offering in the buy now, pay later space.
  • It's indicative of a broader move by the bank to embed lending in consumer and merchant experiences.
close

Email a Friend

Behind the launch of Citizens  Pay with Eric Schuppenhauer

With the excitement around buy now, pay later, Citizens Bank stands out among a small number of banks with an offering in the space. The firm has been providing point of sale financing since 2016 and has issued over $6 billion to more than 5 million accounts. Citizens Pay is expanding in the U.S. through more partnerships with merchants in new verticals like health and fitness retailers and home contractors. 

I’m joined on the podcast today by Eric Schuppenhauer, Citizen’s president of consumer lending and national banking. He shares some more insight on Citizens Pay and how the bank is positioned in the space. We discuss trends in the industry and what’s propelling consumers and businesses to adopt this form of payment. Lastly, Eric delves into his expansion strategy for the firm and the bank’s plans to further embed its services into its partners’ businesses in the future.

SubscribeApple Podcasts I SoundCloud I Spotify I Google Podcasts
The following excerpts were edited for clarity.


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — $59/mo Already an Outlier member? Sign in to your account

0 comments on “Behind the launch of Citizens Pay with Eric Schuppenhauer”

Payments, Power of Payments Podcast

Power of Payments Ep. 14: JPMorgan vs Stripe and Block, CFPB is coming for BNPL, and is LTO a viable BNPL alternative?

  • This week, we talk about JPMorgan’s acquisition of payments firms Renovite, and the CFPB’s recent report on BNPL firms, which suggests that regulation is coming for the sector.
  • We also discuss why lease-to-own, which is another type of installment payment option, has been gaining popularity in recent months.
Ismail Umar | September 23, 2022
Data, Podcasts, Sponsored

‘Earned wage access is the next evolution in improving day-to-day liquidity’: Argyle’s Matthew Gomes

  • Director of strategy at Argyle, Matt Gomes, joins us on the Tearsheet Podcast.
  • Listen in to our conversation about how payroll and employment data API platforms enable financial institutions to bring the next generation of financial products to consumers.
Argyle | September 22, 2022
Data, Podcasts, Sponsored

‘Developers have become as central a figure as the banks’: Fiserv’s Niranjan Ramaswamy

  • VP and GM of embedded fintech at Fiserv, Niranjan Ramaswamy, joins us on the Tearsheet Podcast.
  • Listen to our conversation about how Fiserv empowers developers to build products that bring fintechs and FIs together.
Fiserv | September 21, 2022
The Green Finance Podcast

The Green Finance Podcast Ep. 9: Unpacking the politicized world of ESG with Peter Krull, CEO of Earth Equity Advisors

  • Today's episode takes on the increasingly politicized world of ESG, starring special guest Peter Krull, CEO of Earth Equity Advisors.
  • A number of Republican states have started to ban financial institutions that sought to distance themselves from fossil fuel industries, so the drama in this sector shows no signs of slowing down.
Iulia Ciutina | September 16, 2022
Where Credit's Due Podcast

Where Credit’s Due Ep. 9: How B2B BNPL works, with Codat and Playter

  • While B2C BNPL continues to dominate the headlines, its less talked about cousin in the more significant B2B world is just starting to get the spotlight.
  • On today's episode, host Iulia Ciutina is chatting about B2B BNPL with her guests Jamie Beaumont, CEO at Playter, a B2B BNPL fintech based in the UK, and Yasamin Karimi, Head of Product at Codat.
Iulia Ciutina | September 14, 2022
More Articles