Why Visa Flexible Credential (VFC)?
Visa Flexible Credential is a physical or digital credential that lets customers make purchases in instalments anywhere Visa is accepted. The solution allows your customers to pay in instalments by leveraging their credential at checkout, just as they would with a credit or debit card. Also easy to implement, it allows for quick adoption at scale.
Provide consumers with payment flexibility
Expand BNPL use cases throughout the consumer journey, giving them more payment options to help drive scale.
How Visa Flexible Credential works
Follow the simple journey from application to auto-drafted instalment.
- Customer applies
Customer sees the lender’s offer for a VFC credential payment option.
- Lender assesses
Lender can then assess, approve and fund the VFC credential.
- Customer sets repayment
Customer links card or account for repayment.
- Customer gets Virtual Card
Customer can use credential to complete purchase.
- Customer makes purchase
Customer’s transaction is authorised and cleared through VisaNet.
- Lender sets auto draft
Lender auto drafts instalment at agreed frequency.
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