Mastercard Redefines Choice at Checkout with Acquisition of Vyze

PURCHASE, N.Y.–(BUSINESS WIRE)–Mastercard (NYSE: MA) today announced it has acquired Vyze, a technology platform that delivers more choice – and purchasing power – to people who want their point-of-sale payment options to match the flexibility and convenience of today’s shopping experiences. Increasingly, consumers are seeking alternative financing options,1leaving merchants and financial institutions with a need … Continued

JPMorgan Chase Enters A Hot Fintech Space: Point-Of-Sale (POS) Financing

Originally Published in Forbes//   Consumer Demand For POS Financing is Growing POS financing certainly isn’t new. In 2016, merchants in nine different retail categories saw more than 160 million POS loan applications—only 53% of which were approved, however. According to The Economist: Driven, in part, by younger consumers, point-of-sale loans are becoming increasingly popular in America. … 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

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 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

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

Adorama Partners With Vyze to Debut New Consumer Financing Program

AUSTIN, Texas–(BUSINESS WIRE)–Vyze, a leader in cloud-based financing technology solutions for retailers, today announced that Adorama, one of the world’s largest photography, video, audio, imaging and electronics retailers, has launched a private-label credit program on the Vyze platform. Immediately available, the new financing program provides customers with more purchasing power just in time for the holidays – and … Continued Partners with Vyze for New Financing Program

AUSTIN, Texas–(BUSINESS WIRE)–Vyze, a leader in cloud-based financing technology solutions for retailers, today announced that has introduced a new full-spectrum financing program powered by the Vyze platform. The innovative private-label credit program provides a robust set of retail credit options to customers seeking to complete a home remodel, update a room, or simply get their home ready … 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

ABJ Profile: Nealon unlocks capital for consumers

Originally published in Austin Business Journal // November 2, 2017 -Access to capital is not something Keith Nealon experienced much while growing up in Ireland. “My mother and I lived in what Americans would call ‘the projects,’” said Nealon, now the CEO of Austin-based Vyze Inc. “People usually divide society into white-collar and blue-collar working classes. I’d describe my … 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

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

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

How To Give Your Shoppers More Ways To Buy

Originally Published on June 19. 2017– It’s already been a long year for CE retailers.There’s the proposed $1 trillion Border Adjustment Tax (BAT) currently under consideration in DC; the end of hhgregg with more than 220 stores standing empty across the country; not to mention the continued rise (and threat) of Amazon, whose stock price topped over $1,000 a share on … 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

Young shoppers moving away from traditional credit cards

Fierce Retail// June 11, 2017–It seems both retailers and shoppers are moving away from traditional credit cards at checkout in favor of store cards that offer loyalty perks or financing options. Particularly among younger demographics, 52% of Generation Z and 60% of millennials are interested in options beyond a traditional credit card to finance large purchases. … 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

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…

20 Hot Austin Startups to Watch in 2017

SILICON HILLS NEWS// January 8, 2017–For the past six years, we’ve watched numerous Austin technology startups launch and go on to achieve great feats.This year, we’ve highlighted 20 that we think will make some big moves in 2017. Read more…

Vyze Helps ICON Health & Fitness Expand Financing to eCommerce

AUSTIN, Texas, December 14, 2016 –Vyze, a leader in cloud-based financial technology solutions for retailers and manufacturers, is proud to expand its relationship with ICON Health & Fitness, the world’s largest manufacturer and distributor of exercise equipment. Read more…

A Conversation with Keith Nealon, CEO of Vyze

FIRST ANNAPOLIS CONSULTING–NAVIGATOR–We recently spoke with Keith Nealon, CEO of Vyze. In this Q&A format we discuss the priorities and strategic approach for Vyze in consumer-financing, third-party platforms, and the evolution of commerce. Read more…

Vyze Bolsters Management with Seasoned Retail Executive Jai Holtz

AUSTIN, Texas, November 14, 2016 – Vyze, a leader in cloud-based financial technology for retailers and lenders, announced today that Jai Holtz has joined the company as Vice President of Strategic Retail Services. Holtz joins Vyze after more than 20 years leading financial services at Sears Holdings Corporation. Read more…

Tech Round Up: Vyze Names New VP of Sales

AUSTIN, TX–(BuiltIn, Oct 13, 2016) -The company providing businesses with technology, financing partners and support, Vyze, welcomed a new VP of sales with the hiring of Matt Riley. Read more…

Vyze Announces New Senior VP of Sales

AUSTIN, TX–(Marketwired – Oct 11, 2016) – Vyze, a leader in cloud-based financial technology for retailers and lenders, announced today that Matthew Riley has joined the company as the Senior Vice President of Sales. Read more…

14 Austin Startups to Watch Out for in 2017

AUSTIN, Texas, October 5, 2016 /–With growth rates of 81.2 percent this year’s Kauffman Growth Entrepreneurship Index puts Austin as the second fastest growing city in America, as well as the best place to start a small business. Here’s a look at some of the innovative Austin-based startups you may be hearing a lot more about … Continued

New VP of Product Joins Vyze

AUSTIN, Texas, August 11, 2016 /–Vyze, a leader in cloud-based financing technology for retailers and manufacturer brands, announced today that Azim Panjwani has joined the company as the vice president of product management. Panjwani brings over a decade of product leadership experience to Vyze. His keen understanding of product design, strategy and management will enable Vyze to continue to … Continued

Vyze Launches New Content Platform to Deliver Insights, Strategies for Retail and eCommerce Executives

AUSTIN, Texas, July 26, 2016 /PRNewswire/ — Vyze today announced the launch of its new content platform, Growth Engine.Growth Engine will help leaders in retail, manufacturing and ecommerce discover new ways to spur growth in dynamic environments. The platform will serve as a forum for executives and decision makers in the aforementioned industries to share best … Continued

Why offering more payment options should be a priority for retailers

June 29, 2016–When making such major life purchases as houses and cars, consumers usually have access to financing. But what happens when they seek flexible payment options for other high-ticket items? Today, most retailers don’t offer financing to their entire customer base even though recent research shows that offering financing to a broader demographic of consumers … Continued

Vyze Announces New Chief Financial Officer

AUSTIN, Texas, June 16, 2016 /PRNewswire/ — Vyze, a leader in financial technology solutions, is pleased to announce that John Whitmarsh has joined the company as Chief Financial Officer (CFO). Whitmarsh brings over 20 years of financial management expertise to Vyze’s executive team, having helped grow multiple private equity-backed SaaS and venture-backed technology companies. Read more…

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….  

How Financing Options Work in eCommerce and Retail

I had the pleasure of speaking with Keith Nealon, CEO of Vyze based in Austin, TX. Vyze is a technology company that delivers financing options for brands, in every channel and for different customer segments. We’ve seen the optional financing option appear on the checkout page on many website, let’s find out how this actually … Continued

72 Startups Transforming Brick-And-Mortar Retail

Transforming bricks-and-mortar shopping is a high-stakes endeavor for retailers given Americans still do over 90% of our shopping in physical stores. In fact, one of the latest trends in retail is the launch of physical stores by online e-commerce companies, including Amazon, Warby Parker, and Birchbox. Using CB Insights data, we identified startups enhancing the … Continued

Vyze Raises Additional $13 Million in Funding

AUSTIN, TX, June 2, 2016 – Vyze, a leading technology provider of financing solutions at point of sale, has raised an additional $13 million in capital, allowing the company to expand into additional markets and product lines. Led by Austin Ventures of Austin, Texas, and Starvest Partners of New York City, the Series B add-on … Continued

Retailers’ limited financing offerings hamper sales growth, customer retention

AUSTIN, Texas, May 17, 2016 /PRNewswire/ — Through research conducted and compiled among consumers, retailers and other major brands, financial technology leader Vyze has identified a “Financing Gap” between consumer desires and retailers’ financing offerings. While 42% of all consumers are more likely to shop at a retailer that provides financing to help with purchases, … Continued

Vyze Announces New Chief Executive Officer

AUSTIN, TX – April 28, 2016 — Financing technology leader Vyze is pleased to introduce Keith Nealon as the company’s new chief executive officer. In his new role, Nealon will draw on twenty years of experience with high-growth public and private technology companies to help scale Vyze as the company continues to simplify the financing experience at point … Continued

Austin’s NewComLink changes name and adds partnerships

AUSTIN, TX—April 22, 2016—Austin software firm NewComLink has changed its name to Vyze and broadened its financial partnerships. Vyze’s software helps retailers save sales by providing customers with financing alternatives at the register or during an online transaction. Read more…

Software maker NewComLink rebrands as Vyze

AUSTIN, TX—April 20, 2016—Software maker NewComLink Inc. has rebranded itself as Vyze Inc. The Austin company said Wednesday the change was being made in tandem with its move to add new lending partnerships to provide financing to consumers. It is teaming with Minnesota-based Digital River Inc.’s sales channels and partners, officials said in a statement. Read more…

FinTech Innovations, New Partnerships Complete Vyze Company Transformation

AUSTIN, TX—April 19, 2016—Vyze, a leading technology provider of financing solutions at point of purchase, has significantly expanded its capabilities and launched several new strategic partnerships to provide retailers and manufacturers with more ways to attract and retain customers.  With the completion of this major phase in the company’s evolution, Vyze also introduced their new corporate … Continued

Gamers May Prove a Fertile Audience for Digital Financing

Video games have long been supportive of new payment systems, in part because many games cater to an audience that may be too young to have a traditional bank account or credit card. But can gamers also be a good target market for financing? The Austin, Texas-based retail credit company NewComLink is extending its platform to … Continued

Study: Financing Programs May Not Be Meeting Consumer Needs

AUSTIN, TX—November 3, 2015—While many consumers are interested in using merchant-offered financing, financing programs may not be providing the features and options consumers want and need, according to a new study. The Merchant Financing: Consumer Perspectives Study found that 1 in 4 consumers today (25 percent) expect stores to offer financing products. Read more…

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…