Credit kiosk co inks deal with retail group
Versatile Credit, the provider of kiosk solutions linking lenders with consumers applying for credit in retail stores, today announced that it has partnered with MEGA Group USA, an organization of retailers focused on delivering excellence in products and service.
The Versatile Credit kiosk solution provides a private, secure and fast credit application process for consumers, the company said, and 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.
"Creating a partnership with MEGA Group USA gives us the opportunity to develop special offers for its members and increase our retail footprint," said Rob Meyer, executive vice president, product and marketing, at Versatile Systems. "MEGA Group USA's approach to delivering innovative programs to its members fits perfectly with our view of the retail market."
Retailers using the Versatile Credit solution typically see a 20 percent increase in credit applications, and with more credit in consumer hands, the average ticket increases by 15 percent or more, according to Versatile.
"Our members are most successful when they make it easy for consumers to make purchases," said Mallory Parker, vice president of business services at MEGA Group USA. "Versatile Credit's self-service kiosks have an impressive track record of increasing credit applications, approvals and revenue. Our new partnership adds an increasingly important service to our member program."