Absolute hogwash. Banks offering Visa Installments compete with...

Absolute hogwash. Banks offering Visa Installments compete with Splitit. Customers do not need to make post purchase decisions - Visa Installments is activated at point of sale. There is no need for Splitit's patent to exist as Visa and Mastercard Installments and AM Ex Plan It are different systems which do the same thing.

Visa Installments:

• Developed and operated by Visa
• Integrated with VisaNet
• Available to Visa cardholders

Splitit's Patent:

• Independent technology
• Can work with multiple card networks
• Focuses on leveraging existing credit limits

In summary, Visa Installments is Visa's own offering and doesn't rely on Splitit's patented technology. The two are separate approaches to providing installment payment options to consumers.