First Annapolis Advises Vivint Smart Home on Partnership with Citizens Bank to Offer Vivint Flex Pay
PROVO, Utah and PROVIDENCE, RI – Vivint Smart Home, a leading smart home services provider in North America, and Citizens Bank announced an innovative payment plan that will significantly change the way consumers purchase smart home products and services. With Vivint Flex Pay™, customers will pay separately for products and services when creating a customized smart home, with qualifying customers able to access zero-percent (0% APR) interest financing through Citizens Bank.
“By separating the purchase of products and services, we’re introducing a model similar to the one used in the cell phone industry to provide greater flexibility for consumers as their needs evolve,” said Alex Dunn, president at Vivint Smart Home. “This new payment plan will also make it easier for Vivint customers to continue to add the latest innovations to their smart homes.”
When building their system, customers can choose from a variety of smart home and security products, including smart door locks, thermostats, indoor and outdoor cameras, doorbell camera, voice control through Amazon Echo, and a variety of smart sensors. A separate service agreement provides customers complete control from anywhere via the Vivint Smart Home app, in-home service, 24/7 customer support, award-winning monitoring and an equipment warranty.
First Annapolis Consulting, Inc. served as advisor to Vivint Smart Home.
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