|[April 15, 2014]
Versatile Credit Introduces The HiveTM to Its Retail Lending Ecosystem
MECHANICSBURG, Pa. --(Business Wire)--
Versatile Credit, the leading provider of innovative solutions linking
bank lenders with consumers applying for credit in retail stores, today
announced the launch of The Hive, a new countertop kiosk designed to fit
in more store environments. Versatile Credit is a business unit of
Versatile Systems Inc. (TSX Venture Exchange: VV).
The Hive, from Versatile Credit, offers retailers a compact kiosk that connects to 19 primary and secondary financial institutions offering consumer credit. Available in eight colors and custom hues, The Hive can match any store's environment. Since 2007, consumer applications using the in-store Versatile Credit ecosystem have resulted in more than $7 billion in approved credit. (Photo: Business Wire)
"We are very excited to introduce The Hive, the latest addition to our
rapidly growing credit ecosystem. Its design and compact size make it
easy to deploy in retail stores, while still being as tough and secure
as our other floor-standing kiosks," said Kenny Kahn, president and
chief executiv officer of Versatile Systems. "The Hive enhances the
consumer credit application experience, delivering more applications,
more approvals and more sales to our retail partners."
The modern design houses Versatile Credit's specially configured tablet
computer that enables a direct connection to 20 primary and secondary
financial institutions offering consumer credit. Eight colors, along
with available custom hues, can match any store's environment.
The Hive is available for one simple all-inclusive monthly fee with no
down payment or long-term contract required. The package also includes
installation and training, service and support, regularly updated
marketing content and weekly reports and analytics.
Applying for credit using any Versatile Credit kiosk is private, secure,
quick and easy to complete. Credit decisions are typically returned in
seconds. Versatile Credit's ecosystem is ideal for retailers with
customers needing additional credit to make large retail purchases
across a wide range of markets, especially in the furniture, flooring,
mattress, jewelry, automotive and electronics stores. Since 2007,
consumer applications using the Versatile Credit ecosystem have resulted
in more than $7 billion in approved credit.
Versatile is a multi-disciplinary technology company with solutions
across the mobile, digital signage, IT infrastructure, software and
hardware landscape. The company's products are utilized by Fortune 500
companies, leading financial institutions and large and small retail
organizations. For more information, please visit www.versatilecredit.com
"Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release."
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140415005414/en/
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