This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Providence, RhodeIsland-based Citizens Financial Group is advancing the reach of its national point-of-sale (POS) offering for merchants, renaming it Citizens Pay, the company announced Monday (Jan. Citizens is looking to expand current partnerships with consumer electronics firms and reach deeper into retail sectors.
“Consumers want affordable ways to make purchases without taking on additional credit card debt,” said Brendan Coughlin, president of consumer deposits and lending at Citizens Bank. Citizens Bank’s POS financing offers a payment and purchase model for retail purchases.
It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial lending tending toward a slump. Citizens Bank , a regional player based in RhodeIsland, for example, was looking for growth in its newest underwriting area — student loan refinancing.
“Consumers want affordable ways to make purchases without taking on additional credit card debt,” said Brendan Coughlin, president of consumer deposits and lending at Citizens Bank. Citizens Bank’s POS financing offers a payment and purchase model for retail purchases.
Steering the ship — handling all of the engineering, manufacturing, marketing, and retailing, even when you’re taking 90 percent of the subsequent profits — was ultimately too expensive of a proposition, especially in comparison to other, less-handholding-oriented start-ups. .” Total disclosed funding: $185.3M. via SFGate. via Forbes.
We organize all of the trending information in your field so you don't have to. Join 23,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content