Fortiva® Retail Credit Renews Relationship with Vivint Smart Home
05 October 2021 - 12:00AM
Fortiva® Retail Credit, the leader in second look point-of-sale
financing, today announced a multi-year renewal of its exclusive
relationship with Vivint Smart Home, a leading smart home services
provider in North America.
As part of the renewal, Fortiva® Retail Credit
will offer an expanded number of term lengths. This further
demonstrates Vivint’s commitment to provide its customers with a
variety of financing options. Building off an already successful
program, which has grown during the pandemic, Fortiva® Retail
Credit will continue to expand the Vivint relationship beyond the
175,000 customers that have already been able to enhance their
lives with Vivint’s smart home technology financed through
Fortiva.
“This renewal is a testament to Vivint’s
confidence in Fortiva® Retail Credit, the leader in less than prime
financing solutions at the point-of-sale,” said Dale R. Gerard,
Chief Financial Officer at Vivint, Inc. “Fortiva’s technology
allows for a seamless sales and customer experience that is
contributing to the growth in new consumer adoption of Vivint’s
smart home solutions. We are excited to expand on our success to
date.”
David Caruso, Chief Commercial Officer at
Atlanticus Services Corporation, stated, “We are thrilled to
continue our strategic partnership with Vivint. During the
pandemic, when many lenders were pulling back, we relied on our
years of experience, market leading analytics and technology to
accelerate the growth of the Fortiva® Retail Credit program with
Vivint. The importance of and reliance on one’s home was magnified
over the past 18 months, and we are proud that we could empower
everyday Americans and assist Vivint in helping their customers
feel safe and secure in their homes.”
The Fortiva® Retail Credit program leverages
Atlanticus Services Corporation’s flexible technology capabilities
to allow The Bank of Missouri to offer a seamless transition from
prime financing to a second look program with affordable payment
options. When a shopper is declined financing from a prime credit
provider, their application is instantly processed for Fortiva®
Retail Credit’s second look solution, delivering a fully integrated
consumer experience and more approvals for merchants. Using
knowledge gained from over 25 years of data aggregation and
consumer performance, Atlanticus’ technology platform allows banks
to offer more inclusive financing options through more approvals
paired with the best terms to optimize consumer experience.
About
Fortiva® Retail
Credit
Fortiva® Retail Credit is a
technology-enabled second look point-of-sale consumer credit
program issued by The Bank of Missouri. The omnichannel program
leverages the instant decisioning capabilities, deep underwriting
analytics, and paperless process of Atlanticus’ platform to provide
best-in-class retail finance solutions for its clients both
in-store and online. This flexible technology platform provides a
loan decision to consumers within seconds. Clients in several
markets such as furniture, big box/specialty retail, flooring, home
improvement, HVAC, electronics, elective medical, health and
fitness, and home automation, offer Fortiva® Retail Credit for
second look financing. Fortiva® Retail Credit serves all U.S.
markets including Puerto Rico and the U.S. Virgin Islands. The
Fortiva® Retail Credit program is managed by subsidiaries of
Atlanticus Holdings Corporation (NASDAQ: ATLC).
Contact:David CarusoChief Commercial Officer –
Atlanticus Services
Corporation770.828.2000david.caruso@atlanticus.com
For more
information:www.fortivaretailcredit.com
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