PayItSimple, a credit card installment provider based in Herzliya, Israel, has announced its launch in the United States.

The company's service, which is available for all U.S.-issued Visa and MasterCard credit cards, allows merchants to enroll consumers for interest-free, monthly installment plans at the point of sale.

PayItSimple authorizes the credit card transactions, and then schedules and collects the required installment payments.

"The benefits of interest-free credit card installment payments are clearly demonstrated in the European and South American countries where this capability already exists," said Stacy Fassberg, the company's vice president of marketing, in a Sept. 23 press release.

PayItSimple supports mobile, e-commerce and brick-and-mortar payments.

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