The reason most POS companies have not been able to incorporate the value-added service of consumer finance is that the loan usually comes from a third-party lender or bank. Square provides its own financing to consumers, but most POS companies don’t have the funds to...

POS systems have been at the heart of retail businesses for the last decade, having radically evolved from simple terminals designed to take card payments. The modern POS system is indispensable to current merchants, providing the software and hardware to run a...

As Western countries start the slow return to business as usual, lenders and retailers will need to establish lending programs that can cope with the demand from consumers who are ready to begin spending again but are likely to have faced a period of financial...

There is one main reason to offer a financing/pay over time solution: to create more sales. Any retailer will tell you, especially if they are selling high ticket items, that being able to offer financing is key to creating more sales which they would have otherwise...

Everything is financed. Everything that’s of any value, whether it’s a product or a service should be financed into installment payments. There will be infrastructure companies that will put together underwriting, payments and loan servicing in one place and making it available. (By Timothy Li)

With the amount of choice now available in the consumer finance space, it’s necessary to acknowledge the main distinguishing features between the various solutions.

As Black Friday fever grows across the globe, here are some important points to take into consideration to ensure that you attract new customers whilst keeping your brand identity intact.

We know that in the retail and POS space, complicated integration makes it a lengthy process (if not impossible) to implement a new solution. Once the solution is finally launched, the retailer is then bound to it due to the deep integration as well as the time and resources that were invested in the implementation.

Consumers searching for the perfect product at the keenest price, are increasingly able to do so using global retailers. Consumer finance has not evolved enough to keep up with the growing scope to shop internationally, despite high-end items making up a large part of these international purchases.