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November 19, 2024

Press Release: Versatile Credit and Aqua Finance Partner to Expand Consumer Financing Solutions

Versatile Credit (“Versatile”), a leading provider of innovative consumer financing solutions that empower businesses to strategically integrate credit into their operations, and Aqua Finance (“Aqua”), a trusted provider of consumer-friendly financing solutions, are proud to announce a strategic partnership aimed at enhancing financing options in key sectors such as home improvement, HVAC, water treatment, and more.

September 9, 2024

Press Release: Tower Loan Joins Versatile Credits Lending Ecosystem

Versatile Credit (“Versatile”), a leader in consumer financing solutions with over thirty years of industry experience, today announced the integration of Tower Loan into their robust lending network. This strategic enhancement introduces specialized lending products from Tower Loan, broadening financing options available to retailers and merchants.

December 19, 2023

Press Release: Revolutionizing Fraud Detection: Versatile Credit Integrates with Prove Identity for Enhanced Fraud Screening and Streamlined Customer Onboarding Experience

Versatile Credit (“Versatile”), a premier software provider connecting merchants, lenders, and consumers for point-of-sale loans, today unveiled its integration with Prove Identity, Inc. (“Prove”), the global leader in digital identity, that will enhance its fraud screening process while also delivering a more streamlined customer onboarding experience.

November 30, 2023

Press Release: Versatile Credit Partners with The Furniture Marketing Group (FMG) to Launch the FMG Finance Portal

Versatile Credit (“Versatile”), a leading provider of software connecting merchants, lenders, and consumers to facilitate loans at points-of-sale, today announced the release of the FMG Finance Portal with The Furniture Marketing Group.

September 13, 2023

Press Release: Versatile Credit Announces Strategic Growth Investment from PSG

Versatile Credit (“Versatile”), a leading provider of software connecting merchants, lenders and consumers to facilitate loans at points-of-sale, today announced a strategic growth investment from PSG, a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth. PSG’s Marco Ferrari, Managing Director, and Chris Nesbitt, Principal, will join Versatile’s Board of Directors. Financial terms were not disclosed.

May 18, 2023

Press Release: Versatile Credit and Koalafi Unite to Broaden Lease-to-Own Financing Choices for Retailers

Versatile Credit Inc. (Versatile), the leading credit aggregation and customer acquisition tool for merchants and lenders, is excited to announce the integration of Koalafi, an omni-channel provider of inclusive financing plans, onto their platform. This partnership and integration aim to support retailers by providing a wider range of financing options to shoppers.

August 16, 2023

Press Release: Versatile Credit Partners with Nationwide Marketing Group and Wells Fargo to Deploy Comprehensive Consumer Financing Portal

Versatile Credit Inc. (Versatile), a leader in credit aggregation and customer acquisition for merchants and lenders, and Nationwide Marketing Group (NMG) recently announced the launch of a new financing portal in collaboration with Wells Fargo.

January 27, 2023

American First Finance deploys prequalification functionality to provide merchants seamless second-look capabilities

Versatile Credit, the leading credit aggregation and customer acquisition tool for merchants and lenders, announced it had deployed new prequalification functionality with American First Finance, allowing merchants new opportunities to provide seamless second-look financing and lease-to-own options to their customers.

December 1, 2022

FURNITURE TODAY: Versatile Credit’s review of Black Friday weekend shows shopper optimism

Versatile Credit recently spoke with Furniture Today about financing trends from Black Friday and Cyber Monday.

November 28, 2022

Bread Financial and Versatile Credit Team-up to Introduce Buy Now, Pay Later to the Versatile Platform

Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, flexible payment, lending and saving solutions, today announced a new relationship with Versatile Credit Inc., a leading provider of innovative solutions linking bank lenders with consumers applying for credit in retail stores. Through Versatile Credit’s platform, Bread Pay’s buy now, pay later installment products will now be available to participating Versatile Credit merchants and their customers. […]

April 11, 2022

Castle Credit leverages Versatile Credit’s omnichannel platform to offer home improvement dealers technology to drive in-home consumer financing

Versatile Credit Inc. (Versatile) has recently announced that Castle Credit Co. Holdings Inc (Castle Credit) has launched a custom portal solution designed to empower home improvement dealers to drive consumer financing through in-person, in-home sales, powered by Versatile’s extensive financing technology ecosystem.

February 8, 2022

Versatile Credit Partners with Covered Care to Provide Dental and Medical Practices with More Affordable Financing Options for Patients

Versatile Credit Inc. (Versatile) has announced the recent integration and deployment of Covered Care into Versatile’s consumer financing technology platform, expanding its network of lenders in the healthcare vertical. The integration will enable eligible medical and dental-focused practices to include Covered Care as part of their comprehensive financing offerings to patients.

December 10, 2021

Wells Fargo, FurnitureDealer.Net, and Versatile Credit announce partnership to provide FMG dealers with Robust Tools for Offering Shoppers Omnichannel Consumer Financing

Versatile Credit Inc. (Versatile), Wells Fargo Retail Services (Wells Fargo), and FurnitureDealer.Net have recently announced their partnership to offer Furniture Marketing Group (FMG) dealers a robust set of tools and technology to deploy comprehensive, turnkey consumer financing solutions to shoppers.

December 6, 2021

Versatile Credit sees steady growth in consumer financing as volumes continue to recover in 2021

According to data from Versatile Credit, the volume of approved financing for retailers over the week of Thanksgiving and Black Friday improved by over 13% compared to last year — with average approval amounts seeing an increase of 17%. 

As post-pandemic retail comes into focus, it’s important for retailers to understand how this new normal will affect the shopping experiences of their customers, and the importance of providing shoppers with the tools and options to interact with the retailer of their terms — whether they choose to shop in-store or online. 

November 16th, 2021

Versatile Credit partners with West Shore Home to offer convenient financing options for customers

Versatile Credit Inc. (Versatile) has announced it will be deploying an end-to-end in-home financing platform with Mechanicsburg, Pa. based home improvement company West Shore Home. The platform will allow customers to access comprehensive financing options through both the Design Consultants’ devices or a consumer’s personal device.

November 8th, 2021

STORIS & Versatile Credit team up to provide retailers best-in-class business technologies

Versatile Credit Inc. (Versatile), the leading omnichannel financing platform for retailers and STORIS, the Unified Commerce Solution for home furnishings retailers, announce the integration of Versatile’s powerful and adaptable financing technology to STORIS’ ERP.

October 20th, 2021

Marlys Mead Joins Versatile Credit as Senior Client Success Manager

Versatile recently announced that Marlys Mead has joined the company as Senior Client Success Manager.  In this position, Marlys will be responsible for working with Versatile’s current and future customers to analyze and identify how Versatile’s financing technology can be best utilized and deployed to drive the success of their financing programs.

September 2nd, 2021

Versatile Credit Announces Issuance of New U.S. Patent for Secure, Contactless, transition-to-mobile technology

Versatile recently announced that the technology behind their transition-to-mobile technology, Snap Sign and Snap to Apply, has been officially granted a patent from the U.S. Patent Office. U.S. Patent Number 11,089,031 for “Methods for switchable matrix barcodes for secure website access” encompasses technology that Versatile Credit has deployed to retailers across the country to help their shoppers apply from the safety and security of their own mobile device.

July 14th, 2021

Building Trust and Peace of Mind with Online Shoppers

According to Entrust, in 2020 nearly 80% of shoppers said worries about their personal information and data security were key barriers in purchasing goods and services online, with 32% of respondents saying these concerns have prevented them from purchasing from online stores in the past. It’s important to provide shoppers with the tools to make educated purchasing decisions and a positive shopping experience regardless of how they choose to interact with the brand. […]

June 21, 2021

Driving Omnichannel Success in 2021 and beyond

The year of 2020, full of restrictions and limitations placed on retailers and consumers, saw a wave of innovation and growth in how and where merchants offered their services and products to shoppers. But how will retailers adapt in 2021 and beyond? […]

June 9, 2021

Provide flexible payment options for customers in a time of uncertainty

Automotive service providers and their customers have been facing a parade of uncertainties over the last year. Many of these customers have had to make tough decisions between repairing their vehicles or paying for other personal expenses, such as rent or groceries. A recent survey by LendingTree found that 28% of American drivers said they would be unable to pay for a $500 car repair without going into debt and that nearly 6 in 10 drivers have skipped a necessary car repair because they were unable to afford it. […]

May 24, 2021

Post-pandemic, retailers have a renewed focus on the customer experience

Recently Kathy Gramling, Jeff Orschell, and Joshua Chernoff of the Harvard Business Review released the article, “How E-Commerce Fits into Retail’s post-pandemic Future”, which explored the growth and trends that began with COVID-19 and how customers are choosing to shop and interact with brands in 2021. […]

May 11, 2021

FURNITURE TODAY ARTICLE – Credit Options Abound for Furniture Purchasers

Recently, Joseph Dobrian over at Furniture Today spoke with industry leaders to talk about the prospects for consumer financing in the near future. The article featured Versatile Credit President & COO Vicki Turjan, as well as many of our fantastic platform partners, including Snap Finance, TD Bank, Progressive Leasing, and Synchrony. […]

May 10, 2021

Versatile Credit President & COO Vicki Turjan named Woman of Influence by Central Penn Business Journal

Congratulations to Versatile’s President & COO Vicki Turjan, who was named a 2021 Woman of Influence by Central Penn Business Journal. Women were selected based on their professional experience, community involvement and commitment to inspiring change. […]

April 20, 2021

Dynamic QR Codes Can Help Provide Safe and Secure Contactless Experiences

There’s a good chance that you’ve begun to see QR codes pop up everywhere over the last year — from restaurants and retail stores to doctors’ offices and government buildings, people are being encouraged to use their mobile devices to interface with brands and services in new, contactless ways. […]

April 5, 2021

Versatile Credit Adds Foundation Finance Company to their Omnichannel financing platform

Foundation Finance has joined Versatile’s platform to provide current and future customers with powerful tools to build a comprehensive, customized financing program. […]

March 30, 2021

El Dorado Furniture partners with Versatile Credit to provide shoppers with contactless financing opportunities

Versatile Credit and El Dorado Furniture announced they had deployed Versatile’s contactless, transition-to-mobile “Snap to Apply” technology to their stores. […]

March 01, 2021

Technology is key to Omnichannel Success in a Post Corona world

Since 2000 the percentage of retail sales conducted through ECommerce have grown 1% per year. According to Scott Galloway in his book, “Post Corona, From Crisis to Opportunity”, as of March 2020 18% of retail sales were conducted online through E-Commerce websites. When would-be customers were forced inside and retailers temporarily shut down, E-Commerce sales experienced a 10% growth, to 28%, in a matter of only eight weeks. […]

Feb 23, 2021

TD Bank Launches Contactless Finance Application for Retail Shoppers with Versatile’s Snap Sign™

Versatile Credit Inc. (Versatile) today announced that TD Bank, America’s Most Convenient Bank®, will launch Versatile’s Snap Sign™ to the Bank’s Retail Card Services partners. […]

Feb 04, 2021

Offer Comprehensive Retail Finance Options with Versatile Credit

Recent events and advances in technology are causing retailers to re-evaluate their sales processes and challenge themselves to better understand the experiences of customers interacting with their brand, in-store and online. […]

Jan 27, 2021

QR code payment adoption growth expected

According to a recent study by Juniper Research the total number of QR code payment users will grow from 1.5 billion to 2.2 billion by 2025. […]

Jan 19, 2021

The Importance of Omnichannel Commerce in 2021

Recently on Business Insider, Ian Black, managing director at Shopify, shared his thoughts on recent retail trends, including the importance of a comprehensive omnichannel strategy.

Nov 24, 2020

Holiday sales expected to grow between 3.6-5.2 percent this year

Many states throughout the country have issued “Stay at Home” orders in response to the COVID-19 outbreak, and as the vast majority of our fellow citizens comply, that has motivated forward thinking […]

Nov 09, 2020

Customers want to choose and influence their experiences

SAP SE and Dynata recently surveyed U.S. consumers about their expectations for the holiday shopping season. […]

Oct 21, 2020

The pandemic has consumers embracing QR codes and Contactless Payments

PYMNTs and American Express recently reported that “workers and customers have both become wary of exchanging cash and using physical cards to make purchases. Shoppers also want to get in and out of stores as quickly as possible […]

Oct 14, 2020

Vicki Turjan, Innovators vs COVID 19 Interview

Startup.info spoke to President and COO Vicki Turjan, for their “Innovators vs COVID 19” series. A variety of subjects are covered in the interview, from the effects of COVID-19 […]

Jun 1, 2020

The Power of Second Look Financing

Most retailers enjoy a relationship with a primary credit lender who is able to provide credit to a majority of customers applying. Unfortunately, there are still a large number of potential customers who are declined financing and end up leaving the store without being able to make a purchase. […]

Apr 6, 2020

The Benefit of “Contactless” Self-Service

Many states throughout the country have issued “Stay at Home” orders in response to the COVID-19 outbreak, and as the vast majority of our fellow citizens comply, that has motivated forward thinking […]

March 20, 2020

Offer a Consistent, Omni-channel Financing Experience While Ensuring Business Continuity

Recent events have led to unexpected business interruptions for many retailers. Consumers are staying at home, driving traffic away from physical brick-and-mortar locations to eCommerce sites, where growth rates are already rising by nearly […]

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The Benefit of “Contactless” Self-Service

Many states throughout the country have issued “Stay at Home” orders in response to the COVID-19 outbreak, and as the vast majority of our fellow citizens comply, that has motivated forward thinking retailers to re-evaluate their in-store experiences and interactions between customers, employees, and their physical storefronts […]

Offer a Consistent, Omni-channel Financing Experience While Ensuring Business Continuity

Recent events have led to unexpected business interruptions for many retailers. Consumers are staying at home, driving traffic away from physical brick-and-mortar locations to eCommerce sites, where growth rates are already rising by nearly 52% this year, according to Quantum Metric. This has led retailers to explore options to provide consumers with consistent shopping experiences both in-store and online, as well as ways to ensure the business continuity of their financing programs […]

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