Mastercard buys Vyze to bolster consumer financing services for merchants

More from: | ZDNET |

Mastercard said on Tuesday that it’s buying Vyze, makers of a technology platform that facilitates lending options to merchants’ customers. Financial terms of the deal were not disclosed. 

Mastercard is aiming to use the acquisition to become a more strategic partner to lenders and merchants. The credit card giant will rely on Vyze’s platform to process consumer financing applications to lenders, pitching it as a scalable, end-to-end platform that doesn’t require a slew of APIs.

“Vyze adds to our ability to empower banks and other lending partners to participate in the growing trend of retail financing,” said Blake Rosenthal, EVP of global acceptance at Mastercard. “The combination of their platform with our technology and network complements our existing payments programs.”


Read full article »

About | ZDNET |

ZDNet brings together the reach of global and the depth of local, delivering 24/7 news coverage and analysis on the trends, technologies and opportunities that matter to IT professionals and decision makers.

Whatever your role in the IT buying cycle, ZDNet provides support -- from investigating options to optimizing a solution. Whether you want to follow hot topics or emerging trends, or keep up to date with the latest news and events, ZDNet is the destination for professionals seeking to research technology-related issues, and solve business technology problems.

»Twitter: @zdnet »Facebook: @ZDNet