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TD Bank will deploy the “Snap to Apply” capability to retailers throughout the country, enabling shoppers to apply for financing directly on their personal mobile device.

Mechanicsburg, Pa. – February 23, 2021 – Versatile Credit Inc. (Versatile) today announced that TD Bank, America’s Most Convenient Bank®, will launch Versatile’s Snap Sign™ to the Bank’s Retail Card Services partners.

Snap Sign is a patent-pending technology solution focused on providing shoppers with a contactless, mobile-enabled finance application experience. Shoppers can “Snap to Apply” for financing by simply pointing a smartphone camera at a designated QR code. Their mobile device will instantly present a finance application. Once shoppers enter their personal information into the application, they will receive a financing decision. Retailers can place low-cost signage displaying the QR code across their stores or make it available on digital kiosks, providing shoppers with opportunities to apply throughout the shopping experience while enjoying the ease, safety and security of their personal device.

“Heightened health and safety concerns have accelerated our move towards contactless technologies that allow shoppers to more easily self-serve in a retail setting,” said Mike Rittler, General Manager of Retail Card Services, Personal Lending and Business Development at TD Bank. “We believe providing the ‘Snap to Apply’ capability is a critical step in continuing to deliver the convenience TD Bank is known for in today’s shopping environment. Our retail partners can now put the entire finance application experience in the hands of their customers, on their own devices, from the application all the way through to the terms and conditions.”

Versatile’s platform seamlessly transitions applicants to secondary and tertiary providers if the application is denied, providing shoppers across the FICO spectrum with multiple opportunities to receive a financing offer.

“With Snap Sign, we have engineered a solution that meets the needs of our retail and lending partners by providing a strong, cryptographic guarantee of an applicant’s in-store presence, while empowering consumers to approach the finance program on their terms,” said Vicki Turjan, president and chief operating officer of Versatile Credit. “This focus on the customer experience, and providing shoppers with comprehensive, innovative financing options, regardless of where or how they decide to shop, is what has made our technology and platform so successful.”

Snap Sign is the newest addition to Versatile Credit’s platform of in-store and online engagement points, including kiosks, tablets, e-commerce plugins and remote sales tools. Retailers can leverage Versatile’s comprehensive dashboard and analytics tools to gain actionable insights and benchmark the performance of their financing program down to the sales associate level.

About Versatile Credit Privately held, Versatile Credit offers a technology platform that enables retailers to build a financing program with leading lending providers, innovative financing solutions and engaging customer experiences — leading to more finance applications, more approvals and more sales. For more information about Versatile Credit, visit versatilecredit.com.

About TD Bank, America’s Most Convenient Bank® TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 9.5 million customers with a full range of retail, small business and commercial banking products and services at more than 1,220 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US and www.twitter.com/TDNews_US.

TD Bank, America’s Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD”. To learn more, visit www.td.com/us.