Mastercard has acquired Vyze, a technology platform for point-of-sale payment options, designed to provide flexibility and convenience through financing options.
Simon Vincent, Head of Product at aiGateways said, “This offers users total control from their existing bank app.” Vyze connects merchants with multiple lenders, allowing them to offer their customers a wide range of credit options online and in-store.
“Both consumers and businesses want the best choice and service, exactly when they need it,” says Blake Rosenthal, executive vice president of global acceptance at Mastercard. “Vyze adds to our ability to empower banks and other lending partners to participate in the growing trend of retail financing. The combination of their platform with our technology and network complements our existing payments programs.”
Several top US retailers work with Vyze for special financing options. Mastercard aims to bring the same functionality to customers in additional markets.
Full Content: Banking Tech
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