NEWS
Bread Financial announces new programme with HP
HP has announced new , comprehensive US consumer financing options for HP products purchased on HP . com . By leveraging ChargeAfter ’ s technology and collaborating with three leading financial providers – Bread Financial , Concora Credit and Koalafi – HP can now offer nearly every US consumer a financing option when they shop for personal computers ( PCs ), printers or peripherals on HP . com . Finance options include promotional financing to qualified buyers or lease-to-own options with no credit needed .
With many consumers feeling the increased pressure of high inflation rates , maxed credit cards and limited disposable income , offering consumers more choice in financing has become increasingly important . In fact , 91 % of electronics shoppers say it is somewhat to very important that their favourite retailer accepts or offers their preferred type of financing . With these collaborations , HP can now deliver more options to customers across the credit spectrum .
“ HP believes that everyone has the right to access the technology that powers our world ,” said Deborah Baker , VP , Head of Global Payment Solutions at HP . “ We have teamed up with leading
financial service providers to help empower the creators , the inventors , and the geniuses of tomorrow . Our new financing options give almost any US customer the financing power to purchase the technology they need to work , learn and play .”
Roper Technologies , announced that it has entered into a definitive agreement to acquire Transact Campus , for a net purchase price of US $ 1.5 billion , including a US $ 100 million tax benefit resulting from the transaction . The net purchase price represents approximately 14 times expected 2025 EBITDA . Transact is an award-winning provider of innovative campus technology and payment solutions , offering a comprehensive suite of services , including campus ID software and secure access , tuition and fees software and payment processing , as well as point-of-sale campus commerce solutions . Transact serves higher education institutions , healthcare facilities and corporate campuses . Transact will be combined with Roper ’ s CBORD business , a provider of foodservice , nutrition , access and security , and campus commerce solutions for acute healthcare and senior living facilities , higher education institutions and K-12 school districts .
“ Transact is an excellent business that meets all of our acquisition criteria , including mission critical solutions , strong customer retention and excellent cash conversion ,” said Neil Hunn , Roper Technologies ’ President and CEO . “ This is yet another example of Roper ’ s disciplined and process-driven acquisition approach .”
The combined business will utilise both the Transact and CBORD brand names and be led by Transact ’ s CEO , Nancy Langer , with CBORD ’ s CEO , Dan Park , serving as Chief Operating Officer .
Roper Technologies to acquire Transact Campus
“ Bringing together Transact and CBORD and leveraging each business ’ s unique core competencies will expand and accelerate the innovation they will bring to their customers ,” said Hunn . “ The work Nancy and her leadership team have undertaken is very impressive , and we are excited to welcome them to the Roper family .” www . intelligentfin . tech
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