Retail Consumer Products

The time and effort it takes for a retailer to garner brand recognition and brand loyalty is extensive. Implementing a co-brand retail card is one way for them to capitalize on their investment. Financial institutions offer a partnership in which they manage the consumer credit card while the retailer makes the credit offer at the point of purchase. This is a win-win situation where both partners gain wallet share with their customers while growing their brands. The financial institution gains access to new customers and the opportunity to extend additional credit product offers, deepening the relationship. Issuers supporting these marquee brands often struggle with the challenge of maintaining the dozens or hundreds of slightly unique co-brand origination systems. Zoot supports co-branded origination and the unique requirements of both the financial institution and the retailer, ensuring consumers receive the benefits they expect.

Zoot provides financial institutions a single solution from which they can support multiple co-brand cards. This instant credit decisioning solution can offer unique decisioning criteria and functionality for each co-brand partner, including access to specialized data sources and VIP lists. Zoot provides tremendous flexibility to support the unique characteristics of each co-brand card, while still having a single infrastructure from which to run and a single risk management pool.

Zoot offers our clients the option of providing prescreen-of-one as part of the package. This innovative technology allows retailers to make pre-approved offers of credit at the point of sale within seconds. Offers can be integrated into the checkout process at a website or in the retail store. By making a hard offer of credit, instead of giving consumers an application they can take away to fill out later, costs decrease and acceptance increases, providing a win-win for both the financial institution and the retailer.

Zoot’s instant credit decisioning solution offers increased efficiency, automation, the ability to do prescreen-of-one, the ability to do manual intervention efficiently, and seamless integration between automated and manual tasks. Prescreen-of-one gives clients the competitive advantage to help retain and grow existing customers.

Contact Zoot at (406) 556-7555 or fill out our information request form today!