Published: 2015-06-05 08:00:00 CEST
Mash Group Oyj
Press release

Verifone and Euroloan present the new Omnichannel payment solution for multichannel shopping

Verifone Finland Ltd and Euroloan Group Plc have made an agreement that enables Verifone's merchant partners using Verifone's payment routing services to offer Euroloan's automated payment solutions to their customers in online and traditional stores.

Helsinki, Finland, 2015-06-05 08:00 CEST (GLOBE NEWSWIRE) -- ”Together we are able to provide services that give the merchants the tools to serve their customers better and more diversely in the changing shopping environment. Consumers can purchase and pay in online and traditional stores conveniently and fast, without any unnecessary steps”, Euroloan’s Head of Corporate Customers Seppo Sairanen states.

Euroloan offers consumers three alternative payment methods: invoice, instalment and credit account.

The payment services work the same way both in online stores and in traditional stores. When paying by invoice, a consumer will have an interest-free payment term, and can later convert the invoice to instalment with up to 24 months payment term. The Euroloan credit account now enables also bigger purchases up to 7 000 euro.

Merchants selling their products in a multichannel environment require omnichannel payment solutions. The cooperation enables Verifone’s merchant partners to offer their customers a uniform, effortless and instant way to pay in all sales channels. Euroloan’s payment solutions increase the number of successful transactions and help with the reporting and monitoring of deliveries, reclaims and charge-backs. Euroloan carries the credit risk and invoices consumers according to the merchants’ preferences.

“In our market research we noticed that a new alternative payment solution was needed. We want to offer a user-friendly, more flexible way of paying, i.e. a service that really answers the consumers’ and merchants’ needs. We want continuously to be ready to react to the markets’ needs and develop our services further accordingly. That’s why we believe that the most important thing is to listen to the merchants and consumers, and understand their changing needs.” Euroloan’s Seppo Sairanen adds.

 

Euroloan Group PLC (Euroloan) is a rapidly growing international finance group specialized in financial technology (FinTech). The group’s headquarters are located in Helsinki, Finland, with offices in Stockholm, Sweden and Warsaw, Poland. Euroloan has developed the most efficient financing business models and systems in the market. Euroloan’s fully automated and internationally scalable cloud banking services provide real-time credit solutions for consumers and small-to-medium size businesses. Euroloan has consolidated its market position and increased its market share continuously since the company was established in 2007. www.euroloan.fi

Verifone is the leader in providing trusted, secure and innovative payment terminals, global payment as a service, and commerce enablement solutions that create more valuable experiences and rich interactions between consumers and merchants. The company's products and services include mobile, countertop and self-service payment devices, software, and web-based gateways. With over 26 million systems installed globally and 5,300 employees worldwide, and partnerships with local distributors, Verifone is able to deliver innovative payment solutions in 150 countries and across vertical markets. www.bluecommerce.fi

         For more information, please contact:
         sirkku.jauhiainen@euroloan.com, phone 050 5710 439
         seppo.sairanen@euroloan.com, phone 050 0523 974


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