TD Bank Releases TD Complete, Waterfall Financing Platform

September 5, 2019  by Laurie Northington in Business Strategy, Industry   

The platform revolutionizes applications, authorization and settlement for retailers by providing a single interface to finalize transactions across a select group of premier lending partners. TD Complete is designed to allow retailers to instantly approve more customers by providing seamless, instant access to financing options from multiple lenders.

The platform consolidates retailers' current practice of using multiple lender-specific portals for various sales and reporting functions. Now, retailers can securely process applications, sales authorizations and settlement transactions in a single, easy-to-use platform. 

In addition, TD Complete delivers reporting and analytics in real time, providing retailers with deeper insights into sales across participating lenders. TD Complete is easy to get started and free to use. With a simple website-based interface, the platform will drive efficiencies for the consumer, sales staff, back office, and store management. 

"TD Complete was designed to be seamless for the retailer from the point of enrollment up through the sales authorization and settlement process, regardless of the lender," said Vicki Turjan, president of Versatile Credit. "Capitalizing on Versatile Credit's longstanding history of providing innovative credit application solutions for consumers, we are excited to now deliver that same streamlined experience to the point of sales process for the retailers."

The launch of TD Complete comes at a time when many furniture retailers do not have a multi-lender, integrated financing solution. At July's Las Vegas Market, TD Bank found that more than six-in-ten furniture retailers did not currently offer waterfall financing. The TD Complete Consumer Financing Platform allows retailers to integrate their financing and sales processes on one platform, optimizing the end-to-end experience.

"At TD Bank, we're committed to working with retailers to enhance the financing experience and provide support, as customer loyalty and flexible purchasing options become more critical than ever. We've partnered with Versatile Credit, who holds those same priorities, and has joined us in our mission to deliver extraordinary experiences for our partners and our partner's customers," said Mike Rittler, general manager, Retail Card Services, Personal Lending and Business Development. "The launch of TD Complete is our latest step in ensuring we can support retailers in providing valuable financing solutions to more customers on one seamless platform." 

Currently, TD Complete is available to retailers in the furniture industry and will look to expand into other verticals in the future.