With the acquisition, Mastercard will now offer new installment loans as it competes in the now crowded $1.8t opportunity in point-of-sale financing int he US.
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Mastercard redefines choice at checkout with acquisition of Vyze
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“Both consumers and businesses want the best choice and service, exactly when they need it,” said Blake Rosenthal, executive vice president of global acceptance at Mastercard. “Vyze adds to our ability to empower banks and other lending partners to participate in the growing trend of retail financing. The combination of their platform with our technology and network complements our existing payments programs.”
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