What is Fortiva retail credit for?

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†Your credit score will be available in your online account 60 days after your account is opened. (Registration required) The free VantageScore 3.0 credit score provided by Equifax is for educational purposes only and may not be used by The Bank of Missouri (the issuer of this card) or other creditors to make credit decisions.
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What is Fortiva retail credit for?

Hank's Fine Furniture Up 30-40%

Director of Credit Operations, Sears Home Improvement

Hank’s Fine Furniture, which is ranked among the nation’s top 100 independent furniture retailers, describes the results they’ve seen since adding the Fortiva Retail Credit second look financing program.

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What is Fortiva retail credit for?

Bill Drexel of Transform Home Improvements

Director of Credit Operations, Transform Home Improvements

Bill Drexel of Transform Home Improvements discusses revenue growth after adding Fortiva Retail Credit, the leading second look financing program, to their credit platform. Since partnering with Fortiva,

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What is Fortiva retail credit for?

What is Second Look Financing ?

Higher Ticket Sizes and More Satisfied Customers

When your prime lender turns down your consumer, you don’t have to go straight to a high cost alternative or (worse yet) lose the sale. Learn how second look financing can help.

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What Makes Us Unique

We leverage decades of experience and market-leading technology to create a
prime-like consumer experience tailored to your business needs.


What is Fortiva retail credit for?

Risk Management

Fortiva Retail Credit’s proprietary underwriting technology helps you approve more consumers.

What is Fortiva retail credit for?

Prime Integrations

Our integrations with prime lenders help facilitate a seamless consumer application process.

What is Fortiva retail credit for?

Configurable Solutions

We will create a custom financing solution that meets your unique business needs.

What is Fortiva retail credit for?

Customer Service

We do all the heavy lifting including customer service, billing, and collections.

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Fortiva® Retail Credit to expand the reach of its industry-leading second-look program through ChargeAfter’s global BNPL financing network.

June 23, 2022 10:13 ET | Source: Fortiva Retail Credit


ATLANTA, June 23, 2022 (GLOBE NEWSWIRE) -- Fortiva® Retail Credit, the leading technology-enabled second-look point-of-sale consumer credit program, and ChargeAfter, the market-leading Buy Now Pay Later (BNPL) consumer financing network, today announced the extension and expansion of their existing partnership, which dates back to 2018. Fortiva Retail Credit can now be leveraged across ChargeAfter’s entire network of retailers, channel platforms, and financial institutions to allow more consumers the opportunity to get approved for financing.

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. Shoppers who are declined for financing from a prime credit provider are instantly processed for the Fortiva® Retail Credit program’s fully integrated second-look solution. Using knowledge gained from over 25 years of data aggregation and consumer performance, Atlanticus’ technology platform enables more inclusive financing options that allow merchants to say ‘yes’ more often to those consumers with less-than-perfect credit.

ChargeAfter is the market-leading BNPL network that connects retailers and lenders to offer consumers personalized point-of-sale financing options during shopping and checkout from multiple lenders. Merchants on the ChargeAfter platform include iconic digital and brick-and-mortar national retailers offering home appliances, furniture, mattresses, consumer electronics, and automotive products, amongst other verticals.

“As the first credit program to integrate with ChargeAfter, we are excited to extend and expand our relationship,” said Dave Caruso, Chief Commercial Officer of Atlanticus Services Corporation. “This partnership reinforces our commitment to provide digital and national retailers with the means to instantly approve more customers applying for financing, powering better financial opportunities and outcomes for everyday Americans.”

"As ChargeAfter continues to disrupt the BNPL space, Fortiva® Retail Credit's premier services and offerings will continue to help set us apart from the competition," said Mark Denman, EVP of Merchant Sales & Success at ChargeAfter. “We look forward to our continued rapid expansion with the Fortiva program and appreciate the longstanding partnership we have with them."

Through this partnership, Fortiva® Retail Credit and ChargeAfter will empower both customers and merchants, allowing for the seamless and digital application for financing and transaction funding.

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 Services Corporation’s 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 markets such as furniture, big box and specialty retail, flooring, home improvement, HVAC, electronics, elective medical, health and fitness, and home automation offer the Fortiva® Retail Credit program for second look financing. The Fortiva® Retail Credit program is available throughout the United States, including Puerto Rico and the U.S. Virgin Islands. The Fortiva® Retail Credit program is managed by subsidiaries of Atlanticus Holdings Corporation (NASDAQ: ATLC)

About ChargeAfter

ChargeAfter is the leading multi-lender Buy Now Pay Later (BNPL) consumer financing platform and network connecting retailers and lenders to offer shoppers responsible, personalized financing options. Powered by a data-driven decisioning engine and network of global lenders, ChargeAfter delivers the most relevant financing offers to consumers from multiple lenders based on credit type – resulting in approvals for up to 85% of applications. ChargeAfter streamlines the distribution of credit into a single platform that retailers can implement rapidly both online and in-store. The company’s growing lender network offers seamless integration to lenders seeking to grow their customer base while expanding into new retail markets. ChargeAfter investors include PICO Venture Partners, Propel Venture Partners, The Phoenix, Citi Ventures, Banco Bradesco, Visa, MUFG, BBVA, Synchrony Financial, and Plug and Play VC. ChargeAfter is headquartered in New York and has a research and development center in Tel Aviv. For more information, visit https://chargeafter.com/about-us.

What is Fortiva retail credit for?


Contact Data

            Contact:

David Caruso
Chief Commercial Officer – Atlanticus Services Corporation



Media Contact:

Al Silverstein


IR Contact:

            

Can Fortiva retail credit be used anywhere?

Your Fortiva credit card can be used anywhere. It is a Mastercard, which is accepted virtually everywhere in the U.S. and in more than 200 countries and territories around the world. However, using the Fortiva credit card abroad may not be such a good idea, considering its 3% foreign transaction fee.

Where can I use my Fortiva retail credit line?

Use the unsecured Fortiva Credit Card anywhere Mastercard® is accepted. Payment alternatives for retail purchases. Take the hesitation out of shopping with Fortiva's revolving line of credit.

What can you use your Fortiva card for?

Fortiva® Credit Card. Use it anywhere Mastercard® is accepted for everyday purchases and unexpected expenses.

Can I get cash from my Fortiva credit card?

You can also use your Card to obtain a cash loan (“Cash Advance”) by presenting your Card to any institution that accepts the Card for that purpose or by making a withdrawal of cash at an ATM.