Share Almost a century ago, when the U.S. economy began to show signs of recovery after the initial shockwaves of the Great Depression, General Electric launched a point-of-sale lending product to provide cash-strapped customers with installment loans so the manufacturer could sell its product.  “Since we spun out of GE Capital five years ago, we’ve …Read More

Source: https://bankinnovation.net/allposts/biz-lines/payments/inside-look-the-meteoric-rise-of-point-of-sale-lending-in-the-u-s/