Published Reports
Educating consumers and merchants on the eLayaway™ payment option is square-one. Below you will find many resources that will help make “cents” of the eLayaway™ payment option.
Consumer Credit, Confidence and “The Crunch”
Currently, the U.S. faces an economic slowdown largely due to the recent fallout of the subprime mortgage crisis and the consistent increase of debt-financed consumer purchasing over the past two decades. Modern consumers are laden with debt, lending companies are decreasing the availability of available credit, and the economic forecast by the Federal Reserve projects a decrease in income levels and thus spending in the next year. In short, despite a nationally accepted “buy now pay later” mentality, consumer purchasing power is on the decline and severely limited by credit debt.
Enterprise Business Executive Summary
In today’s ultra competitive, global economy it is increasingly difficult to increase market-share and bottom-line margins. In the US, these obstacles have been compounded by an ever increasing “credit crunch”. To bridge the gap between consumers and merchants that has been created by the subprime crisis, the need for alternative payment methods has never been greater. eLayaway™ has entered the e-retail market to fulfill this demand by providing an innovative and efficient non-credit, non-predatory, payment option that modernizes the extended prepayment model of traditional layaway.
Small Business Summary
In today’s ultra competitive, global economy it is increasingly difficult to increase market-share and bottom-line margins. In the US, these obstacles have been compounded by an ever increasing “credit crunch”. To bridge the gap between consumers and merchants that has been created by the subprime crisis, the need for alternative payment methods has never been greater. eLayaway™ has entered the e-retail market to fulfill this demand by providing an innovative and efficient non-credit, non-predatory, payment option that modernizes the extended prepayment model of traditional layaway.
CompUSA Case Study
On June 1, 2007 CompUSA launched an eLayaway™ Merchant Showcase, offering 100 selected products to consumers including laptops, Apple iPods, PlayStation 3, and Xbox 360. With zero dollars spent and no active marketing, the CompUSA Merchant Showcase experienced a 430% increase in sales in its first 90 days.
eLayaway™ at a Glance
Ok, so you're sold on just how innovative and powerful the eLayaway™ payment process is and you want a printable document to use at your next meeting with colleagues in order to discuss integration and next steps. We did the work for you.
