Mastercard announced its creation of One Credential in February, saying this digitally connected credential will allow consumers to choose to pay with debit, installments, prepaid or credit. Users can set their preferences online or in an app. They can also set preferences based on transaction type and time. For example, users can specify their checking account for expenses under $100, their credit card for expenses over $100 and installments for occasional larger purchases. One Credential can also help PayPal users improve their creditworthiness and progress from debit to installments and other structured credit, according to the release.