MIAMI–(BUSINESS WIRE)–February 16, 2022–
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software, today announced ACI PayAfter™, a new solution that enables merchants around the world to offer their customers a choice of more than 70 BNPL options via a single integration. The innovative user interface improves acceptance rates and serves a broader base of traditionally overlooked customers, driving sales for merchants worldwide.
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For merchants, ACI PayAfter offers a single app and contract that reduces onboarding complexity and cost, as well as faster time to market and actionable customer intelligence.
ACI PayAfter provides consumers with a BNPL option – ACI PayAfter – displayed at checkout, an application form and a single credit check, while providing access to several financing options that best suit their needs quickly and with a probability of higher approval. It eliminates the inconvenience of filling multiple loan application forms that collect multiple credit checks from BNPL lenders which ultimately leads to cart abandonment.
Studies show that 63% of Millennials and Gen Z consumers do not own a credit card and represent 40% of all consumers worldwide. At the same time, 42% of Gen Z and 69% of Millennials are more likely to purchase items if an BNPL option is offered. With ACI PayAfter, merchants can offer their customers multiple funding options and higher approval rates than the market currently offers.
“With ACI PayAfter, merchants can offer their customers a more inclusive experience and a wider choice of BNPL options that meet their needs, which reduces the number of abandoned carts,” said Debbie Guerra, Head of Merchant Payments. , ACI Worldwide. “The BNPL market excludes around 40-50% of potential consumers, including younger generations who do not wish to own credit cards and the unbanked and underbanked population, many of whom are creditworthy customers.”
“ACI’s single interface further democratizes payments by reducing barriers to access for consumers who have traditionally not been served by the financial system. With a portfolio of over 70 BNPL providers, which we plan to expand to hundreds of vendors, improves the consumer experience through a simpler checkout process and better approval rates, resulting in higher conversion for merchants,” Guerra continued.
ACI PayAfter offers merchants the ability to select the BNPL and funding options that are most relevant to their business and their customers.
“ACI is partnering with several BNPL players around the world. Being part of the ACI PayAfter network means that BNPL suppliers can take advantage of growth opportunities given ACI’s vast global reach,” Guerra concluded.
ACI PayAfter will be available to merchants using ACI Secure eCommerce and ACI Omni-Commerce.
ACI Secure eCommerce is a holistic platform that combines a powerful payment gateway, sophisticated real-time fraud prevention capabilities, in-store point-of-sale solutions, and advanced business intelligence tools. ACI Secure eCommerce was recently recognized by Juniper Research, winning three awards for payments innovation, including a Platinum Award – the highest honor in the “Payments Innovation of the Year” category. Additionally, ACI’s fraud management solution recently received full patent approval for its incremental learning technology.
ACI Omni-Commerce is a secure omnichannel payment processing platform with the flexibility to meet in-store, online and mobile needs, and the scalability to optimize the shopping experiences customers are looking for today. and in the future. Support for multiple card payment types, global schemes and alternative payment methods is combined with access to a global payment network of acquirers and payment providers.
About ACI Worldwide
ACI Worldwide is a global software company that provides businesses with mission-critical real-time payment solutions. Clients use our proven, scalable, and secure solutions to process and manage digital payments, enable omni-commerce payments, submit and process bill payments, and manage fraud and risk. We combine our global footprint with a local presence to drive the real-time digital transformation of payments and commerce.
© Copyright ACI Worldwide, Inc. 2022
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its affiliates, under the United States, other countries, or both. Trademarks of other referenced parties are the property of their respective owners.
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ACI in the world:
[email protected] Alberti
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: SOFTWARE FINANCE BANKING PROFESSIONAL SERVICES TECHNOLOGY E-COMMERCE MOBILE/WIRELESS COMMERCIAL
SOURCE: ACI Worldwide
Copyright BusinessWire 2022.
PUBLISHED: 2/16/2022 1:13 PM / DISK: 2/16/2022 1:13 PM
Copyright BusinessWire 2022.