SPS Integrates Proprietary EZPAY Financing Solution into Jifiti’s Multi Lender Platform

Las Vegas based Secure Payment Systems ("SPS") a leading provider of electronic payment processing and risk management solutions for businesses across the U.S. and Canada, announced today it has reached an agreement to integrate its proprietary EZPAY Advantage® consumer payment financing solution into Jifiti’s multi lender consumer financing platform. Full integration is expected to be completed in Q3 2020.

 

EZPAY Advantage® will be offered to retailers, healthcare, and service providers through Jifiti’s “Plug and Pay” consumer POS financing solution. The platform allows lenders to conduct one single integration with Jifiti’s platform to create an end-to-end POS Financing solution for both POS and ecommerce. Jifiti processing also uniquely leverages virtual payment cards allowing the retailer to settle the financing transaction just as they would a normal credit card transaction thus eliminating any additional reporting, accounting, or banking requirements.

 

“The integration of our EZPAY solution within Jifiti creates an exciting partnership that not only provides Jifiti clients with a simple to use financing tool, but helps consumers to spread the cost of services over 3, 6, 12, or 18 months”, stated Linden Fellerman CEO and President of Secure Payment Systems. “Since the EZPAY proprietary risk management system evaluates consumers having a wide range of credit worthiness, many customers are approved by SPS who are likely to be declined by traditional third party “A” credit lenders. We look forward to a long-term relationship with Jifiti and partnering with their clients to meet and exceed their financial objectives while helping their customers afford their desired purchases”.

 

Jifiti’s Co-Founder and CEO, Yaacov Martin, added, “As a platform that offers best-in-class POS financing for global merchants, we strive to work with best-in-class lenders in each market. SPS and its EZPAY Advantage solution certainly fall under that category. We’re committed to making it as easy as possible for any lender we work with to deploy their loan programs at any POS financing and we’re excited about the opportunity to be working with the SPS team.”

 

Secure Payment Systems ("SPS") is a unique payment processing and information services company that specializes in the needs of businesses including retail, ecommerce, government, healthcare, utilities, and integrated payment gateways. Founded in 1996, Las Vegas based Secure Payment Systems provides payment processing solutions to over 10,000 endpoints across North America and processed over $18 billion in payments in 2019. SPS facilitates the transfer of value by providing businesses with a full range of transaction payment processing and risk management tools so they may quickly and confidently accept payments, pay vendors, or transfer funds at the POS or on the WEB.

 

Jifiti is an emerging fintech company with offices in the US and Israel. Its proprietary financing platform is enabling banks and lenders to scale their consumer financing business at the point-of-sale. The end-to-end solution works seamlessly with any existing POS or e-commerce system, eliminating the integration process between lenders and the retailer’s systems. Jifiti operates in North America and Europe, supporting global retail brands and financial institutions. Learn more about Jifiti at www.jifiti.com