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"If one wants to pay with a credit card, that option is now subject to  choiche".

TBH, I don't see what has changed. Virtually every online checkout page I've seen in the last 25 years in several countries offers a choice of payment methods and it was *always* down to me to choose which payment method I wanted to use. What's the difference?

According to The Intercept article, new fed rules (in USA) are making it easier for Fintech industry to sidestep state regulations re. max interest rate, fees, tenure. Maybe Pay in 4 is the result of leveraging the resultant Regulatory Gap opportunities on Pay in 4X?

Anyone knows if this is a rebranding / revival of Bill Me Later? I used this #BNPL product when it was launched in circa 2008. BML was acquired by PayPal the following year. I don't recall hearing about it for the next 10 years.

This is so 20th century. 

Was a time when credit card led to overspending but those days are gone. Nowadays, price is the same, whether you pay with cash or credit card. OTOH, if you pay with credit card, you earn rewards and get many other benefits that you don't get with cash. 

So many tools are available to automate many of these 4 ways e.g. PFM to categorize spend categories, deal apps to save spends, etc. 

I count only 4 ways. 

Good post. Quite often victims get defrauded because they leave a wide "open goal", thus increasing their susceptability to fraud. While it's not wrong to call that out occasionally so that others can avoid getting defrauded, I agree that fraud is a b****y crime and that fraudsters must be punished to the fullest extent of the law.

Nice and well-meaning advice but, IMO, somewhat misdirected at Fintechs. Many Fintechs don't make revenues, almost all of them make whopping losses, still they enjoy frothy valuations - or did before the pandemic outbreak - because they have managed to chant the disruption mantra very well. While traditional FIs and, to a large extent Fincumbents, do need to be mindful about Cloud Infra Costs, I'm afraid this is the least of Fintech's concerns. Fintech Shouldn’t Stop Chanting The Disruption Mantra .

All identity numbers may be compliant with Mod10. But my point is different: When the total number of numbers possible is 999,999,999, how can all of them be identity numbers, hence Mod10 compliant, hence suitable for being used as Credit Card number? 

Does this assume that every number is used for credit card? I thought credit cards used only Mod10 compliant numbers, which is a subset of "every number". 

Talk of reduction in fraud driven by a certain security measure is meaningless unless it's accompanied by talk of how much failed transaction / revenue loss was caused by the security measure. IMO, fraud is a <1% problem whereas revenue loss is a >10% problem. I've long held that 2FA is a conversion killer and echo widespread fears that SCA will cause huge loss of revenues for Merchants. And anyone who has lived in a 2FA regime would know that security measures in payments really protect the interest of banks more than consumers.