U.S. Bank Launches Avvance Point of Sale Lending Solution
24 Oktober 2023 - 4:00PM
Business Wire
Businesses can offer a trusted, bank-backed
consumer financing option that helps make purchases affordable
U.S. Bank, an industry leader in payment services, announces
today the launch of Avvance, an embedded, multi-channel point of
sale lending solution. Avvance empowers businesses with the ability
to offer consumer financing during checkout with a quick
application and instant decisioning.
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Payment methods are constantly evolving and so are consumer
expectations. Avvance offers a transparent, convenient way to pay
over time with loan options available during the checkout
experience. Backed by U.S. Bank, offers are personalized providing
flexibility while maintaining healthy spending habits. For business
owners, Avvance is embedded in the checkout process, enabling them
to offer convenience for their customers from a trusted provider
without the hassle of managing payments after the sale.
“Consumers like the certainty of knowing their payment amount
and terms at the time of sale, with easy and instant access to
credit. With Avvance, business owners have the ability to attract
new customers while increasing their buying power, resulting in
increased sales,” said Mia Huntington, executive vice president of
Buy Now, Pay Later and Point-of-Sale Lending at U.S. Bank and
Elavon. “Our point-of-sale lending product allows business owners
the ability to offer affordable financing while they receive full
payment at the time of sale. U.S. Bank, the primary source of the
consumer loans, manages all aspects from application to servicing,
so business owners can focus on what they do best — running their
business.”
U.S. Bank Avvance™ offers flexible alternatives to pay so
customers can own the purchase and the process, and business owners
attract more sales, more often, streamlining the payment
experience.
To learn more about Avvance, visit www.avvance.com.
About U.S. Bank
U.S. Bancorp, with approximately 75,000 employees and $668
billion in assets as of September 30, 2023, is the parent company
of U.S. Bank National Association. Headquartered in Minneapolis,
the company serves millions of customers locally, nationally and
globally through a diversified mix of businesses including consumer
banking, business banking, commercial banking, institutional
banking, payments and wealth management. U.S. Bancorp has been
recognized for its approach to digital innovation, community
partnerships and customer service, including being named one of the
2023 World’s Most Ethical Companies and Fortune’s most admired
superregional bank. To learn more, please visit the U.S. Bancorp
website at usbank.com and click on “About Us.”
About Elavon
Elavon is owned by U.S. Bank (NYSE: USB), the fifth-largest bank
in the United States, and provides end-to-end payment processing
solutions and services to more than 1.3 million customers in the
United States, Europe, and Canada. As the leading provider for
airlines and a top five provider in hospitality, healthcare,
retail, and public sector/education, Elavon’s innovative payment
solutions are designed to solve pain points for businesses from
small to the largest global enterprises.
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Joseph Rauch Joseph.Rauch@usbank.com 919.260.2994
US Bancorp (NYSE:USB)
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