Citibank Equal Payment Plan, page-27

no, it is entirely different to the typical credit card risk and it changes their model entirely....

if a bank is going to release the money to the merchant before receiving funds from the user, they will charge 15% interest just as they do on a normal credit card. If the bank releases the funds at the outset yet the user only pays them off over a defined period of time, they may as well just use their credit card without splitit as the net result for both the consumer and bank would be the same.

if you are suggesting that the bank are willing to uproot their credit model and needlessly give splitit a hefty chunk of their credit card revenue....