Versatile Credit Adds Fortiva | YBUY Service to Kiosks

October 24, 2014  by in Furniture Retailing, Industry, Retail Technology   

Versatile Credit's self-service kiosk allows consumers to privately and securely apply for credit with primary lenders. The kiosk also transitions data provided on in-store credit applications that are denied to a retailer's preferred secondary lender and lease-purchase provider.

“The integration of the combined Fortiva second-look credit and YBUY lease-purchase suite of lending solutions into our kiosk ecosystem will offer our retail customers a powerful set of consumer secondary lending options across all 50 states," said Rob Meyer, executive vice president of product and marketing at Versatile Systems. "“Fortiva | YBUY has over 17 years of expertise in the alternative payment industry and their proprietary credit models take advantage of multiple data resources to maximize approvals while providing automated instant decisions on applications. Our partnership enables Versatile to further enhance our self service credit solution, significantly reducing credit denials, which drives retailer revenue and profit.”

Atlanta-based Fortiva Financial offers a secondary lending alternative to consumers denied credit by traditional lending sources. YBUY offers lease-purchase programs for customers requesting no credit check, 90 days same as cash or unbanked alternatives.

“Providing our consumer financing and lease-purchase payment solutions on Versatile Credit kiosks will enable retailers to simplify their own processes while providing outstanding service to their customers,” said James Warrington, senior vice president of sales at Fortiva Financial.