Profile: eLayaway Inc (ELAY.PQ)
14 Jul 2016
eLayaway, Inc. (ELAY), incorporated on December 26, 2006, is a technology company that specializes in the payments industry, for both online and bricks and mortar merchants. The Company offers products, including members products, merchant products, the Layaway Generator and centralized strategic placements exchange (CSPEX) network access. It has several other products under development, including onsite advertising program, eLayaway hosted mall upgrades, post-denial conversion, recurring payment processor, delayed payment processor, private licensing program, relational database enhancements and eLayaway ADVANTAGE Mall.
eLayaway membership provides its members with a debt-free payment option that enables them to purchase the items they want and/or need most, using a flexible payment plan that fits their budget. There are two types of eLayaway members: standard and advantage. Standard memberships are free to the consumer and pay a transaction fee to use the system. Advantage members are charged a monthly membership fee and a discount on future transactions. As part of its merchant products, eLayaway provides its online and brick and mortar merchants with a payment option by using use eLayaway as a selling point. The Layaway Generator is a prebuilt web-based application that allows brick and mortar merchants to create and manage custom layaway orders through their eLayaway merchant account. CSPEX is a hosted eCommerce platform for retailers interested in accessing the shopping exchanges offered by several of the United States government federal agencies, including the armed forces.
ELAY is the parent company of six subsidiaries: DivvyTech, Inc. (DivvyTech), eLayaway.com, Inc. (eLayaway.com), PrePayGetaway.com, Inc. (PrePayGetaway), NuVidaPaymentPlan.com, Inc. (NuVida), PlanItPay.com, Inc. (PlanItPay), and Pay4Tix.com, Inc. (Pay4Tix). DivvyTech’s Technology and Product Development division offers retailers and payment processors with a customizable automated recurring payments administration system designed to manage layaway, leasing, micro-lending, layaway-credit hybrid programs and Automated Clearing House (ACH) programs. DivvyTech’s Business Development and Merchant Network manages ELAY’s subsidiaries and provides sales and marketing support. eLayaway.com is an electronic (Internet-based) payment process that provides additional payment options to consumers and merchants that include online and brick and mortar. PrePayGetaway is a member-based travel payment platform. NuVida is a member-based healthcare payment platform. PlanItPay is an eCommerce merchant supported by a network of affiliate relationships. Pay4Tix is a member-based sports and event tickets payment platform.
1625 Summit Lake Dr Ste 205
TALLAHASSEE FL 32317-7940