News

Versatile Credit introduces tablet-based credit app device for retail

April 16, 2014

Versatile Credit has announced the launch of The Hive, a new countertop kiosk designed to fit in more store environments. Versatile Credit is a business unit of Versatile Systems Inc.

"We are very excited to introduce The Hive, the latest addition to our rapidly growing credit ecosystem. Its design and compact size makes it easy to deploy in retail stores, while still being as tough and secure as our other floor-standing kiosks," said Kenny Kahn, president and CEO of Versatile Systems. "The Hive enhances the consumer credit application experience delivering more applications, more approvals and more sales to our retail partners."

According to the company, the modern design houses Versatile Credit's specially configured tablet computer that enables a direct connection to 20 primary and secondary financial institutions offering consumer credit. Eight colors, along with available custom hues, can match any store’s environment, the company said.

The Hive is available for a monthly fee with no down payment or long-term contract required. The package also includes installation and training, service and support, regularly updated marketing content and weekly reports and analytics.

Since 2007, consumer applications using the Versatile Credit ecosystem have resulted in more than $7 billion in approved credit.