The Must-See Sessions at Forrester CX NYC 2018

The 2018 conference season has been full of great insights for retailers eagerly looking to better understand and serve their customer base. Despite conferences winding down and the approaching summer, there is one final event that should be on every retailer’s calendar. The Forrester CX Forum is an annual event, held from June 19-20 in … Continued leverages financing platform to increase approval rates and purchase sizes

Originally Seen in STORES NRF// Springtime is an especially good time of the year for the retail home improvement portal Project professionals, contractors and do-it-yourselfers emerge, ready to work on remodeling projects, upgrades and maintenance of their homes, businesses and properties. Such is a rite of spring for, founded in 2000 in Chico, … Continued

The Vyze Credit Platform Delivers $458 Million in Value Over 3 Years for an Enterprise Retailer

AUSTIN, Texas–(BUSINESS WIRE)–Vyze, a leader in cloud-based financing technology solutions for retailers, today released the results of a March 2018 commissioned study conducted by Forrester Consulting entitled The Total Economic Impact™ Of Vyze’s Retail Credit Loyalty Platform. In the study, Forrester concludes that Vyze’s platform delivers $458 million in value over three years for an omnichannel … Continued

The New Rules For Retail Credit: What Younger Shoppers Really Want In 2018

Originally Published on RetailTouchPoints//The stereotype is widespread: Younger consumers are spooked by parents’ debt misadventures, stressed by college loan repayments and leery of buying on credit, even as they endlessly document their purchases on Instagram and splurge on trend-based products and experiences. This vision is understandably distressing for retailers. After all, Millennials and Generation Z, … Continued

Vyze Introduces New eCommerce Experience That Modernizes Retail Financing

LAS VEGAS–(BUSINESS WIRE)–Shoptalk 2018 – Vyze, a leader in cloud-based financing technology solutions for retailers, today announced it has enhanced its ecommerce financing solution to help retailers deliver a superior customer experience at checkout. The new state-of-the-art solution features the simplicity and transparency that consumers want when financing purchases online – while providing the diverse lending … Continued

Retail Credit is a Powerful Driver of Loyalty Growth

Originally Publish on Total Retail//Retaining customers and winning repeat sales has never been more important as retailers face increasing competitive pressure. This is true now more than ever, since just a few retailers control such a large share of consumer shopping. The top 10 merchants generated 51 percent of revenues earned by all the brands on the … Continued

Vyze Survey Finds Retail Leaders Optimistic About The State of Retail

eTail West 2018 – Palm Springs, Calif. – February 26, 2018 – Vyze, a leader in cloud-based financing technology solutions for retailers, today announced key findings from a merchant survey that illuminates the impact of credit on customer loyalty and experience. The survey explores the gap between what retailers offer and what shoppers expect, and … Continued

What Retailers Need to Fix in Their Online Experience

The online shopping experience has improved dramatically since the birth of ecommerce, but let’s face the facts -it could still use some work. Just think about the steps in your own online shopping journey, and you’ll know why. How many times have you abandoned a retail website due to slow load times, the inability to … Continued

How eCommerce Retailers Made Big Gains with Loyalty in 2017

The books are closed on the 2017 holiday shopping season, and it definitely didn’t disappoint. Retailers came up with all kinds of interesting strategies last year, making it seem like the retail industry’s version of the popular HBO show “Game of Thrones”, eager to drive high holiday sales and build a loyal customer base. Target … Continued

Private-Label Credit Program Builds Customer Base for

Originally published on Total Retail //As the largest online-only home improvement retailer, regularly had customers in search of big-ticket items needed to complete home remodels and updates. The challenge for the retailer was that many consumers couldn’t afford to make the purchases without credit, and they ultimately went on to purchase from another retailer that could … Continued

Vyze Extends Over $1 Billion in Purchasing Power to Consumers

AUSTIN, Texas–(BUSINESS WIRE)–Vyze, a leader in cloud-based financing technology solutions for retailers, today announced that the company has delivered over $1 billion in retail credit through its innovative financing platform. Vyze more than doubled its overall financing volume in 2017, including explosive 142% year-over-year growth on Black Friday and Cyber Monday. This is the second … Continued

What Retail Conferences to Attend in 2018

With the holidays behind us, retailers and brands are looking to hit the ground running in 2018. In the midst of what some may call a retail revolution, retailers are eager to keep up with the latest trends to best serve their customers. The retail conference is a favorite among retailers as they are typically … Continued

What’s Happened So Far in the 2017 Holiday Shopping Season?

The 2017 holiday shopping season started with a bang.  According to data collected by Adobe Analytics, consumers have already spent an estimated $65.15 billion during the 2017 holiday shopping season.  And of that $65.15 billion, over $1 billion per day since the start of the season has been transacted online.  If that pace keeps up, … Continued Introduces Private Label Financing: Sees Ticket Sizes Triple In First Week

Retail Touch Points// December 11, 2017 –When introduced a private label financing program in November 2017, the retailer sought to entice its shoppers to spend more with a set of new credit card payment options. The new choices impressed shoppers: in the program’s first week, saw ticket sizes triple versus purchases made with typical credit card … Continued

What Consumers are Buying this Holiday Season

The holiday shopping season is upon us. With some of the largest shopping days of the year under our belt, retailers have gotten a taste of what consumers expect from them this year. This consumer preference is evident as we look at the results from the Black Friday weekend, with online sales growing 17% over … Continued

Consumer Financing is All the Rage

Website Magazine// November 27, 2017 –Cloud-based financing technology solution Vyze announced that Adorama, a photography, video, audio, imaging and electronics retailers (and one of the top five electronics retailers according to Consumer Reports), has launched a private-label credit program on the Vyze platform. Adorama customers will now be able to use financing to purchase imaging and consumer electronics … Continued

How Retailers Can Stand out in the 2017 Holiday Shopping Season

The 2017 holiday season has arrived, and every retailer is wondering the same thing: how will we fare this year?  Preparations have been underway for months as retailers scramble to anticipate the desires of this year’s holiday shoppers. And if sales projections play out, those efforts will be well worth it.  After a 3.5 percent … Continued

10 Data Points on Younger Shoppers That Matter This Holiday Season

Originally Published in Total Retail // November 7, 2017 – Move over millennials, Gen Z is taking center stage for the holidays. Pundits agree that this new generation, loosely characterized as born between 1993 and 1999, have been raised on technology — but that’s where consensus ends. One day they are “millennials on steroids,” the … Continued

5 Retailers Paving the Way with Great Customer Experiences

It’s arguably the biggest buzzword of the year in the retail industry: customer experience. Retailers are obsessed with customer experience, yet struggle to put their finger on just what facet of their business they should focus on to reach more loyal customers. Customer experience is defined as the interaction between an organization and a customer … Continued

How Retail Credit Plays a Part in the Evolution of Brick & Mortar

“Survival of the fittest” isn’t on the tip of your tongue when describing the retail industry.  But that’s what’s happening right before our eyes: the market is performing natural selection on retailers across the globe.    Unlike the animal kingdom, retailers have a lot more control over their ability to survive – but that doesn’t … Continued

Gen Z & Gen Y Prefer Credit Cards over Installment Plans

LOS ANGELES–(BUSINESS WIRE)– 2017 – Vyze, a leader in cloud-based financial technology solutions for retailers, today released a new study that shows younger shoppers are not all that different from older generations when it comes to making purchases with credit – and that retailers can stand apart by being transparent, informative and attentive. The survey of … Continued

What it means to be Amazon Proof

These days, it seems that no business is immune to the Amazon effect. Grocery chain stocks (Costco, Target, and Walmart among them) lost a combined value of $12 billion at the end of August. The loss, coincidentally, occurred after an announcement that Amazon will slash Whole Foods’ prices. Many massive retailers are losing out to … Continued

Using Sales Associates to Boost Customer Loyalty

There’s a myth that retail sales associates will be irrelevant with the dawn of new checkout technology and will be the first thing to go when retailers look to cut costs. This couldn’t be further from the truth as retailers rush to hire more sales associates than previous years in preparation for the upcoming holiday … Continued

Austin Ventures leads $13 million investment in Vyze

Originally Seen in VentureBeat // August 10, 2017 —Vyze, which offers retailers a platform to connect with various lenders to increase credit approval, announced today funding of $13.1 million in a round led by Austin Ventures. New investor Fathom Capital and returning investor Starvest Partners also joined. “50 percent of people who apply for credit … Continued

What Stores’ Top 100 Retailers are Doing Right

It has been called the beginning of the retail apocalypse. However in the midst of closing storefronts, news of bankruptcy, and slow summer sales, retail continues to grow. In fact, sales are up 2.8% from last year. Why is this? It’s not the end of retail, but instead the end of retail as many know … Continued

ABM Content: 15 Tips for Creating Personalized Content at Scale

Originally Seen in Huffington Post // July 20, 2017 –The beauty (and curse) of account-based marketing is personalization. Personalized content obviously has a better chance of capturing attention and making people consider how you can solve their problems. But for many marketers, the idea of creating highly personalized content to each and every account is … Continued

Survey: Average card APR jumps to new record of 15.89 percent

Originally Publish on 14, 2017–The national average APR for new card offers bounced to another all-time high this week, according to the Weekly Credit Card Rate Report. The average card APR increased from a previous high of 15.83 to a record high of 15.89 percent. However, unlike previous rate changes, this week’s change … Continued

Millennials could boost store cards

Business Insider// June 12, 2017–Store cards are poised to become an increasingly important part of the payments and financing ecosystem, according to a new study from Vyze and Ipsos. Here are a few of the key findings. Read More…

Vyze Survey: Consumers Aware Store Cards are a Financing Option June 9, 2017–Vyze, a cloud-based FinTech for retailers, announced Thursday (June 8) it released its third annual Retail Credit Survey of consumer behavior, which finds consumers are increasingly aware of retail credit and store cards, with eight out of 10 (78 percent) shoppers today aware of financing options that retailers offer, up from just 51 … Continued

Study: The most popular store credit card is…

Chain Store Age// June 8, 2017–A retailer that does nearly all of its transactions online has the most popular store credit card. Amazon wins the store card battle, ranking as the top choice among consumers with store cards (32%), followed closely by Target (30%) and then Macy’s (24%).  Read More…

Vyze / Ipsos Survey: Younger Shoppers Moving Away From Traditional Credit Cards; Amazon Winning Store Card Battle

JUNE 8, 2017 –AUSTIN, Texas–(BUSINESS WIRE)–Retailers and department stores are increasingly pushing shoppers to sign up for retail store cards at checkout. These cards not only increase immediate sales, but also often generate a recurring profit stream in the form of larger ticket sizes and repeat purchases. But is this approach working for consumers? Vyze, … Continued

How Changing Customer Credit Preferences are Shaping Checkout

How customers liked to shop 20 years ago differs wildly from today. With rapid tech innovation, comes rapid change. To best serve these modern shoppers, retailers have been quick to adopt novel retail innovation, like virtual reality, personalization, and elaborate product displays in an attempt to create superior customer experiences and retain these customers. However, … Continued

Many Americans Avoid Store Credit Cards 5, 2017–Nine out of ten Americans (89.4%) have been asked to apply for a credit card in a retail store, but just over half (61.2%) have applied in the store and fewer than a quarter (24.3%) have applied online, according to research from Vyze. Read more…

Vyze’s Grip Narrows The Gap Between Retailers And Lenders March 21, 2017–Credit is the lifeblood of many an economy and consumer, and it is also crucial for retailers. Vyze, a tech firm making its home in the cloud, seeks to smooth the credit experience for consumer and retailer, benefitting both parties. In an interview with PYMNTS conducted at IP 2017, Vyze CMO Doug Filak explained that … Continued

Vyze Showcases Enhanced Omnichannel Retail Financing Platform at Shoptalk 2017

LAS VEGAS–(BUSINESS WIRE)–Vyze, a leader in cloud-based financial technology solutions for retailers, today unveiled its enhanced omnichannel platform that allows retailers to offer financing to all of their customers, across every touchpoint. Vyze CEO Keith Nealon will debut the enhanced Vyze platform on stage at the Shoptalk 2017 conference today at 9:00 a.m. Pacific Time, … Continued

When Small Payments Mean Big Sales

Internet Retailer// March 1, 2017–Don’t send shoppers off the checkout page. That’s the golden rule of e-commerce. Ryan Dunkley, vice president of marketing at ICON Health and Fitness Inc., the owner of NordicTrack, chose credit lending technology platform Vyze Inc. for because it connects the retailer to multiple lending platforms within a single integration. … Continued

Vyze Launches Industry’s First Financing Platform Calculator for Retailers

PALM SPRINGS, Calif.–(BUSINESS WIRE)–Vyze, a leader in cloud-based financial technology solutions for retailers and manufacturers, today debuted the new Vyze Platform Impact Calculator. The interactive tool provides retailers with a high-level estimate of the value that launching or expanding a financing program with Vyze can have on their business. The results not only take into … Continued

What’s Next in Payments & Commerce February 16, 2017- The year 2016 is but a memory, fleeting, and for some, dimly lit, as the payments world experienced change and upheaval. As digital payments gained ground, banks and FinTechs collaborated and online lenders rode the rocky shoals of investor sentiment it may have seemed like there would be little left for 2017 … Continued

Vyze Adds Zibby to Lending Platform to Deliver New Financing Options at the Point of Sale

AUSTIN, Texas–(BUSINESS WIRE)–Vyze, a leader in cloud-based financing technology solutions for retailers and manufacturers, today announced that Zibby has joined the Vyze lending platform. Retailers using Vyze can now choose to extend Zibby’s lease payment option to their customers at the point of sale – with minimal additional integration time, effort or cost. The Vyze … Continued

Vyze Named Finalist in Austin Inno’s Tech Madness

Austin Inno//February 1, 2017–It’s in the spirit of growth that we put together Tech Madness. Tech Madness is a peer-driven competition in the spirit of NCAA basketball’s March Madness. It seeks to identify which companies the Austin startup community thinks will grow the most in the next five years. Community members vote their chosen companies … Continued

Making The Supply And The Demand Match In Consumer Financing

PYMNTS// January 31, 2017–Among the biggest challenges to doing something new — particularly in retail — is overcoming the mountain known as “what has already been done.” Because whatever it is that is already being done has a lot going for it — the merchant is used to it, the staff is trained to deliver … Continued

Vyze Webinar Panel Provides Inside Track on Top Retail Financing Trends That Will Shape 2017

AUSTIN, Texas–(BUSINESS WIRE)–Vyze, a leader in cloud-based financial technology solutions for retailers and manufacturers, today announced it will host a new webinar titled The State of Retail Lending in 2017 on Wednesday, February 8 at 10:00 AM Pacific Time / 1:00 PM Eastern Time. The free 60-minute webinar assembles leading lenders across the credit spectrum to dig … Continued

Vyze Doubled Its Financing Volume Last Year January 26, 2017–Vyze, a cloud-based financial technology company for retailers and manufacturers, announced Wednesday (Jan. 25) that it continues to grow its financing platform that provides consumers with access to capital. Read more…

Vyze Delivers Over $500 Million in Purchasing Power to Consumers

AUSTIN, Texas–(BUSINESS WIRE)–Vyze, a leader in cloud-based financial technology solutions for retailers and manufacturers, today announced that momentum continues to accelerate for the company’s innovative financing platform that provides more consumers with access to capital when they need it most. As of January 2017, the Vyze platform has connected hundreds of thousands of consumers with … Continued

Making a Match

NATIONAL RETAIL FEDERATION// January 10, 2017–As a seller of home furniture, appliances and electronics, ABC Warehouse finds a lot of customers need financing to afford the high-ticket items. Several years ago, the company switched to a system from Vyze that provides access to multiple lenders with just one link. Read More…

A Consumer Financing Carol: Programs of Past, Present & Future

For retailers one of the most stressful times of the year is the holiday shopping season. Between new holiday hiring, managing inventory, and sales promotions to get customers into the store, a holiday headache can ensue. For many customers during this time of year, they rely heavily on store credit to make their holiday purchases. … Continued

The 3 Keys to Understanding Financing for Each Generation

Want the cliffs notes version? Skip to the bottom of this post and check out the infographic.  Retail marketers are constantly tasked with figuring out different ways to cater to the next generation of shoppers: millennials. With over 75 million people lumped in this group, the millennials, ages 18 to 34 are the largest generation. To … Continued

Eliminate “False Security”: 5 Ways to Stay PCI Compliant

By: Terence Spielman and Denis Brooker It’s seems that barely a week goes by without hearing about another major security breach at a mega-retailer, bank or other large organization. One thing that many of these organizations have in common: most, if not all, were not compliant in at least one aspect of the Payment Card … Continued

Vyze Picks Up Another $13 Million

Built in Austin | June 3, 2016–Austin-based fintech company Vyze has raised a $13 million Series B.  The round was led by Austin Ventures and StarVest Partners and will enable the company to expand into additional markets and product lines. Read more here….  

NewComLink, Sony Partner on Innovative Financing Solution

AUSTIN, TX—October 22, 2015—Sony and NewComLink have launched a new program that will make it easier for gamers, especially Millennials, to purchase a Sony PlayStation 4. Using NewComLink’s simple financing platform, the program allows consumers to buy a PS4—which normally retails for $349.99—for a $9.99 down payment. Read more…

NCL Featured in NRF’s STORES Magazine

NewComLink was recently featured in the September 2015 issue of NRF’s STORES Magazine. Learn how our customer, BrandsMart, improved the in-store application experience and is capturing lost sales by leveraging the NCL POS integration lending solution. Read more…

Survey: Retailers Reveal Secondary Financing Wish List

AUSTIN, TX—June 02, 2015— Retailers are increasingly in favor of offering secondary financing products, but they want better solutions, according to a new survey. The first Retail Financing Survey interviewed financing decision makers at 10 mid-sized retailers of furniture, jewelry, electronics and flooring products across the United States. Read more…

Study: Gen Y Consumers Want Retail Financing Options

Gen Y consumers, whose annual spending power is estimated at $200 billion, prefer to shop at retailers that offer financing options, according to a new study. An eNation study of more than 2,000 consumers, commissioned by financial technology company NewComLink, found that 59 percent of shoppers between the ages of 18 and 34 say their choice … Continued

Austin-Based NewComLink’s Terence Spielman Named CTO of the Year

AUSTIN, TX—Oct. 16, 2014—Terence Spielman, Chief Technology Officer with NewComLink (NCL), has been named Chief Technology Officer of the Year by the Austin chapter of the Association of Information Technology Professionals. Spielman was honored at the 17th Annual IT Executive of the Year awards banquet last night, at the InnoTech Austin Conference. Read more…

High Tech Retail Credit Systems Gaining Ground

Jay McIntosh, Furniture Today – August 18th, 2014 HIGH POINT — High-tech options are available these days for processing consumer credit applications, and more stores are using them. Among the advantages: Today’s systems can quickly handle what was once a time-consuming job, and can be more comfortable for the consumer and the sales associate. Read more…

BrandsMart Launches the NewComLink Financing Platform

FORT LAUDERDALE, FL – March 18, 2014 – BrandsMart USA, a leading consumer electronics and appliance retailer, today announced that they have integrated the NewComLink financing platform in their retail stores. “Our success is based on providing customers with great selection, quality service and low prices,” said Lary Sinewitz, Executive Vice President of BrandsMart USA. “Working … Continued

Filak new CMO for NewComLink

AUSTIN, Texas — Douglas Filak, former head of marketing for PayPal is NewComLink’s new chief marketing officer, a newly created position. In this role, Filak is responsible for developing marketing, communications and branding strategy for the retail credit technology solutions company. He reports to Suneet Paul, NewComLink co-founder and CEO.  Read more…

Experts offer keys to having proper financial tools in place

NAPLES, Fla. – Often a great idea combined with an intelligent strategy and strong execution can make for a successful business. But three financial experts speaking at Furniture Today’s annual leadership conference here noted that the best laid plans can fall flat without the proper financial tools in place. Read more…