Installment loan

ChargeAfter's Lending Hub Selected as a Technology Provider for Citi Retail Services' Citi Pay Family of Digital-First Payment Products

Retrieved on:

Tuesday, February 6, 2024

Sale, Citigroup, Commerce, Installment loan, Credit

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- ChargeAfter , the embedded lending platform for point-of-sale financing announced that Citi Retail Services, one of North America's largest and most experienced retail payments and credit solution providers, selected ChargeAfter as a technology provider for its Citi Pay® products, including Citi Pay® Credit and Citi Pay® Installment Loan.

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NEW YORK, Feb. 6, 2024 /PRNewswire/ -- ChargeAfter , the embedded lending platform for point-of-sale financing announced that Citi Retail Services, one of North America's largest and most experienced retail payments and credit solution providers, selected ChargeAfter as a technology provider for its Citi Pay® products, including Citi Pay® Credit and Citi Pay® Installment Loan.
Citi Retail Services' collaboration with ChargeAfter gives participating online merchants the ability to seamlessly integrate Citi Pay products, which include a digital-only credit card and monthly installment loan, into their point-of-sale experience.
Citi Pay products give customers flexibility in their budgets and puts them in control of how they want to finance their purchases.
"We are excited to join forces with Citi Retail Services, leveraging elements of ChargeAfter's Lending Hub to empower and support the Citi Pay family of digital payment products to meet the evolving demands of the merchant community.

FREEDOMPAY AND CITI RETAIL SERVICES JOIN FORCES TO EMPOWER CONSUMERS WITH CHOICE AT THE POINT-OF-SALE WITH CITI PAY

Retrieved on:

Thursday, December 7, 2023

Installment loan, Sale, Credit, FreedomPay, Next Level, Commerce, Citigroup, Online shopping

This collaboration provides consumers with flexibility in selecting their preferred lending solutions at the point-of-sale, further enhancing their shopping experience.

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This collaboration provides consumers with flexibility in selecting their preferred lending solutions at the point-of-sale, further enhancing their shopping experience.
“We are excited to work with Citi Retail Services to offer Citi Pay products, giving consumers the ability to make personalized choices when it comes to their lending solutions,” said Chris Kronenthal, President at FreedomPay.
By joining forces with FreedomPay, Citi Retail Services aims to expand the reach of its Citi Pay products and provide convenient digital payment products to a new cohort of merchants and customers.
“Our collaboration with FreedomPay enables us to seamlessly integrate Citi Pay® Credit and Citi Pay® Installment Loan into merchants’ checkout experiences, making it easier for merchants of any size or scale to bring new payment options and more choice to their customers,” said Terry O’Neil, Head of Connected Commerce and Strategic Growth for Citi Retail Services.

Visa and BMO Expand Flexible Payment Options in Canada with Installments Plans

Retrieved on:

Monday, October 30, 2023

Online, Visa, Partnership, BMO, Payment card, Online shopping, Installment loan

TORONTO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Today, Visa and BMO announced a new collaboration to provide eligible BMO credit cardholders access to Installments, enabled by Visa.

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TORONTO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Today, Visa and BMO announced a new collaboration to provide eligible BMO credit cardholders access to Installments, enabled by Visa.
BMO will be the latest Canadian issuer to launch installments with Visa since its product launch in 2021.
“Visa is thrilled to extend our installment program in collaboration with BMO, offering more Canadians increased payment options and greater control over their budgets," says Dan Iwachiw, Vice President and Head of Product, Visa Canada.
Like any BMO PaySmart ™ installment plan, clients can then view and manage these plans through BMO Online Banking.

Visa Expands Installments Program with Air Transat and London Drugs

Retrieved on:

Wednesday, September 27, 2023

Visa, Air Transat, Installment loan, Payment card, London Drugs

TORONTO, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Today, Visa announces two new collaborations, with Air Transat and London Drugs, to expand Installments enabled by Visa to more eligible Canadian credit cardholders.

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TORONTO, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Today, Visa announces two new collaborations, with Air Transat and London Drugs, to expand Installments enabled by Visa to more eligible Canadian credit cardholders.
Using Installments enabled by Visa, consumers can convert qualifying purchases into smaller, equal installment payments over a specified period of time, using their eligible credit card.
"We are thrilled to announce the expansion of our installments program to London Drugs and Air Transat, enabling Canadian cardholders with a more flexible payment experience within the familiarity and security of a Visa transaction process,” says Kris Tsaousidis, VP of Merchant Solutions and Acquiring, Visa Canada.
Installments enabled by Visa provides issuers, processors, and retailers an option to seamlessly add a flexible payment option for their customers.

Citi Retail Services Expands Embedded Payment Capabilities with Citi Pay

Retrieved on:

Wednesday, May 10, 2023

Professional Services, Payments, Apps, Applications, Technology, Finance, Banking, Sale, Trust, Commerce, Installment loan, Online shopping, Credit, Bank, Citigroup

Citi Pay payment products can quickly integrate into participating retail partners’ existing payment platforms and can provide customers with more payment options including revolving lines of credit, installment loans and more.

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Citi Pay payment products can quickly integrate into participating retail partners’ existing payment platforms and can provide customers with more payment options including revolving lines of credit, installment loans and more.
Citi Pay Credit is a digital-only credit card and dedicated line of credit for customers to make purchases at participating retailers that offer Citi Pay Credit.
Highlights of Citi Pay Credit include:
Independent line of credit: Citi Pay Credit provides a new credit line that is separate from the Citi® credit cards that customers may already have in their wallets.
“We will expand our Citi Pay offerings over the next several years with new products and capabilities designed with the merchant community and customers in mind.”
Citi Pay Credit and Citi Pay Installment Loan are just the start of what is to come as the business looks forward to the opportunities and sustained long-term relationships Citi Pay opens for Citi, its merchant relationships and customers.

Splitit and Worldline sign a North American partnership agreement to simplify the adoption of next-generation card-based installment payments

Retrieved on:

Tuesday, December 20, 2022

SPT, Turnaround ADR, WLN, Australian Securities Exchange, US, Partnership, Confusion, Growth, Face, OTCQX, Merchant, API, ASX, Installment loan, Sale, Online shopping, World line

Worldline will initially integrate Splitit into its North American processing platform and enable Splitit APIs via its front end to offer its merchants a seamless, simplified way to adopt card-based installments.

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Worldline will initially integrate Splitit into its North American processing platform and enable Splitit APIs via its front end to offer its merchants a seamless, simplified way to adopt card-based installments.
Splitit and Worldline signed a partnership agreement to simplify the adoption of next-gen, card-based installments.
Worldline will initially integrate Splitit into its North American processing platform and enable Splitit APIs via its front end to offer its merchants a seamless way to adopt card-based installments.
"The growing merchant demand for next-generation installment options provides a significant opportunity," said Anthony Chalhoub, Managing Director, North America at Worldline.

Black Friday and Cyber Monday Data from Splitit Shows Electronics, Fine Jewelry, Fitness and Outdoors, Home Furnishings and Health and Beauty as Top Spending Categories

Retrieved on:

Thursday, December 1, 2022

Holiday shopping data from Splitit shows Electronics, Jewelry, Fitness & Outdoors, Home Goods top spending categories.

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Holiday shopping data from Splitit shows Electronics, Jewelry, Fitness & Outdoors, Home Goods top spending categories.
Splitit's data shows a slight shift away from purchases for the home, reversing a major theme from the pandemic that saw shoppers spending more on home furnishing and goods.
Rounding out the top five for 2022 are Fine Jewelry, Fitness and Outdoors, Home Furnishings, and Health and Beauty respectively.
The data shows that Splitit shoppers spent $1,179 on average, a 17% increase from Splitit's $1,008 average order value (AOV).

Splitit Named One of the Fastest-Growing Companies in North America on the 2022 Deloitte Technology Fast 500™

Retrieved on:

Thursday, November 17, 2022

Growth, Face, ASX, SPT, Sale, Deloitte Technology Fast 500, Australian Securities Exchange, Installment loan, API, Turnaround ADR, Science and technology in Asia, Telecommunication, OTCQX, Online shopping

114 on the Deloitte Technology Fast 500 , a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 28th year.

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114 on the Deloitte Technology Fast 500 , a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 28th year.
To learn more about Splitit's Installments-as-a-Service platform, visit: www.splitit.com
Now in its 28th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies both public and private in North America.
Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2018 to 2021.
Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

Splitit's new white-label Installments-as-a-Service experience delivers impressive results with OCM

Retrieved on:

Thursday, October 20, 2022

News, API, Sale, Australian Securities Exchange, ASX, Turnaround ADR, Confusion, SPT, OCM, Gen, Data analysis, US, Face, OTCQX, Installment loan, CFPB, Ownership, Retail, Online shopping, Millennials

Splitit promotes loyalty between OCM and its shoppers through an embedded white-label experience, creating repeat purchases that increase the lifetime value of OCM's shoppers.

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Splitit promotes loyalty between OCM and its shoppers through an embedded white-label experience, creating repeat purchases that increase the lifetime value of OCM's shoppers.
"First and foremost, the overall implementation is a lot more straightforward and delivers a much-improved shopping experience," said Juanfran Figueredo, Head of Data Analytics at OCM.
OCM immediately began seeing the overall performance uplift with the updated user experience.
Splitit's Installments-as-a-Service provides a merchant-branded experience embedded into the merchant's checkout flow allowing merchants to focus on delivering a more cohesive shopping experience.

Splitit's merchant sales volume from the $215B e-learning market triples in three years as consumers pursue online learning opportunities

Retrieved on:

Wednesday, September 21, 2022

The company sees nearly 350% growth in merchant sales volume from digital education and professional development segment from 2019 to 2022.

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The company sees nearly 350% growth in merchant sales volume from digital education and professional development segment from 2019 to 2022.
The company has over 100 clients offering online or offline training, including upGrad, Simplilearn, Fortuna Admissions, ThinkLouder and Knowledgehut.
Splitit sees nearly 350% growth in merchant sales volume from e-learning segment from 2019 to 2022.
Online learning can address the need for upskilling or reskilling to keep up with a growing skills gap in many industries.