Installment payments are popular with millennial customers and is a fast-growing sector.
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Visa pilots installment payments
The firm is now getting ready to pilot an offering that lets eligible customers pay in instalments by simply using their existing Visa credit cards at checkout. Tsys is on board as the first issuer technology partner, with Commerce Bank testing the system with a limited number of customers. Fintech ChargeAfter is the first partner to launch Visa instalments in the US with two of its clients, 42nd Street Photo and Tire Agent.
