Furniture First, Versatile Credit Ink Partnership

January 27, 2015  by in Furniture Retailing, Industry   

Versatile Credit, a business unit of Versatile Systems Inc., connects lenders with consumers applying for credit in retail stores.

The Versatile Credit kiosk provides a private, secure and fast credit application process for consumers. Retailers are able to benefit from applications denied by a primary lender being instantly sent to a secondary lender – reducing credit denials by up to 40 percent. 

“This new partnership with Furniture First will allow us to create special promotions for its nationwide membership and grow our customer base.” said Rob Meyer, executive vice president, product and marketing at Versatile Systems. “Furniture First has 20 years of experience sharing the best business practices and providing innovative solutions for its members. We are very happy to add our credit ecosystem to this portfolio.” 

Retailers using the Versatile Credit solution typically see a 20 percent increase in credit applications. With more credit in consumer hands, the average ticket increases by 15 percent or more, according to Versatile Credit stats.

Cardi’s Furniture, a Furniture First member, has been using Versatile kiosks for a number of years.

“We have found the company to be responsive and reliable,” said Ron Cardi. “They are already operational with most of the major finance companies are are very easy to work with.”

Bill Hartman, president of Furniture First, said the partnership melds well with the group’s mission of providing members with retail solutions.

“Our members understand the value of providing credit to their customers,” Hartman said. “Versatile Credit’s self-service kiosks have been proven to increase applications, approvals and revenue.”