Vyze is how modern financing works

The Challenge

Consumer demand for retail financing is estimated to be $1.1tn annually1

64% of U.S. consumers seek financing regardless of where they shop—in-store, online or mobile2

However, consumers are challenged with finding the right financing option and getting approved at checkout, leading to higher cart abandonment, lost revenue and decreased loyalty.

Vyze’s Features

Mastercard Vyze’s optimized lending model connects supply and demand, leading to higher approvals, faster checkout and a consistent user experience.

Waterfall Decisioning

The multi-lender, multi-product solution matches consumers across the credit spectrum with a lending product that fits their needs.

White Label Omnichannel Access

Maintain ownership of customer relationship and enable consumers to apply, receive approval and shop on all the channels they prefer.

Simple Application

Consumers provide their information 1X and are matched with the right lender seamlessly.

 

Back Office Processing

Streamlines the financing process from application to settlement.

 

How It Works

Mastercard Vyze uses multiple lenders to increase approval rates.

3

Case Study

Mastercard Vyze protects a major retailer from market volatility through the flexibility to add or change financial institutions.

Challenge

A big box retailer was working with a single lender that could only approve consumers with prime and near prime credit scores for their private label credit card. This retailer could not address a large segment of sub-prime consumers with its existing solution, leaving a significant amount of sales unrealized. Credit denials from the primary credit program led to negative buyer perceptions and were also a source of cart abandonment and decreased purchase volume.

Approach

To address the credit sales fallout issue, the organization sought out a solution from Vyze. As an end-to-end provider of multiple lenders on a single technology platform, Vyze can address the full spectrum of credit seekers while reducing integration and process flow-related costs.  Without Vyze, business continuity would have required the organization to host multiple lenders and implement tedious processes to mitigate risk.

Results

With Vyze, the retailer experienced3:

 

1. Scenarios for US Payment Industry Revenue, and Implications, McKinsey Digital Commerce Benchmark, May 2020
2. Mastercard-Beesy, September 2019
3. The Total Economic Impact™ Of Vyze’s Retail Credit Loyalty Platform, a commissioned study conducted by Forrester Consulting, March 2018

The smartest retailers are choosing Vyze. Find out why.

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