ACI’s UP eCommerce Payments solution drives further growth of Klarna,
giving shoppers in Europe and the U.S. more ways to pay
NAPLES, Fla. & STOCKHOLM--(BUSINESS WIRE)--Jan. 8, 2018--
ACI
Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic
payment and banking solutions, today announced an extended
partnership with Klarna, leveraging ACI’s UP
eCommerce Payments solution. This will enable online businesses in
10 major markets, including the U.S. and U.K., to easily integrate
Klarna’s payment products, and offer shoppers a fast and frictionless
checkout process that can improve conversion rates immediately.
Klarna is a leading eCommerce payments provider and fully licensed bank
in Europe, which, as it rapidly expands, will benefit from the extensive
reach of ACI’s global network of payment providers and merchants. ACI’s
UP eCommerce Payments solution makes it possible to quickly and easily
enable Klarna’s ‘Pay later’ and ‘Slice it’ payment options. The
international reach of ACI’s solution, which covers 350 alternative
payment methods and card acquirers globally, gives merchants the ability
to quickly enter new markets and fine-tune their payment setup to meet
local needs, delivering a frictionless payments experience for their
shoppers.
Klarna’s ‘Pay later’ and ‘Slice it’ payment options allow consumers to
decide when to pay for items once they have received their goods.
Instead of a request for credit or debit card details at the point of
checkout, consumers are prompted for their email address and postcode,
speeding up the checkout process and lowering cart abandonment rates.
This gives consumers flexibility and control in managing the terms of
their payment according to their needs. For merchants, it is possible to
offer these attractive alternatives to card payments without incurring
risk – as Klarna takes on the credit risk assessment, settles with the
merchant and then assumes responsibility for payment collection.
Michael Rouse, chief commercial officer, Klarna; “We are delighted to
deepen and extend our partnership with ACI, benefiting from the
flexibility and globality of its unified eCommerce API, which allows for
a seamless integration of all Klarna payment options into the checkout
process. At Klarna, our unrelenting focus is on delivering the smoothest
UX for consumers and giving them flexibility in how they want to pay and
when. This drives improved conversion and loyalty for merchants, with no
risk attached. Working with ACI is a natural fit.”
“A best-in-class integration of Klarna Payments is a logical next step
in delivering on our vision of providing more ways to pay, and the
strong technical alignment between ACI and Klarna paves the way for
future cooperation,” said Mike Braatz, senior vice president, ACI
Worldwide. “Our UP eCommerce Payment solution’s open API makes it
possible for developers to implement Klarna through the addition of just
a few lines of code. Through the simplicity of our solution, we aim to
support Klarna’s further growth across key European eCommerce markets,
and increase its footprint in the highly competitive U.S. market – where
customer experience is increasingly the differentiator.”
This solution is available in the following markets: U.S., United
Kingdom, Norway, Sweden, Finland, Denmark, Germany, Austria, and the
Netherlands.
ACI Worldwide will demonstrate the ease and simplicity of adding
Klarna Payments via its eCommerce solution at the NRF Retail’s
Big Show in New York City, January 14-16. ACI will be holding
in-booth theater presentations at Stand 2753 together with Klarna: ‘The
Secret to Increasing Sales Conversions Without Sacrificing Margin.’Monday,
Jan 15 at 3:10pm and Tuesday, Jan 16 at 1:10pm.
About ACI Worldwide
ACI Worldwide, the Universal
Payments (UP) company, powers electronic
payments for more than 5,100 organizations around the world. More
than 1,000 of the largest financial institutions and intermediaries, as
well as thousands of global merchants, rely on ACI to execute $14
trillion each day in payments and securities. In addition, myriad
organizations utilize our electronic
bill presentment and payment services. Through our comprehensive
suite of software solutions delivered on customers’ premises or through
ACI’s private
cloud, we provide real-time, immediate
payments capabilities and enable the industry’s most complete omni-channel
payments experience. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.
About Klarna
Klarna is one of Europe’s leading payments providers that aims to make
the payment process simple, smooth and safe for customers and its
merchant partners. Klarna works together with 70,000 merchants to offer
payment solutions to more than 60 million users in Europe and North
America. Klarna, headquartered in Stockholm Sweden, has 1,500 employees
and is active in 18 countries. The company was founded in 2005 was
recently named as one of the top disrupter companies in the world by
CNBC. www.klarna.com.
© Copyright ACI Worldwide, Inc. 2018.
ACI, ACI Worldwide, ACI
Payment Systems, the ACI logo and all ACI product names are trademarks
or registered trademarks of ACI Worldwide, Inc., or one of its
subsidiaries, in the United States, other countries or both. Other
parties’ trademarks referenced are the property of their respective
owners.
Product roadmaps are for informational purposes only and may not be
incorporated into a contract or agreement. The development release and
timing of future product releases remains at ACI’s sole discretion. ACI
is providing the following information in accordance with ACI's standard
product communication policies. Any resulting features, functionality,
and enhancements or timing of release of such features, functionality,
and enhancements are at the sole discretion of ACI and may be modified
without notice. All product roadmap or other similar information does
not represent a commitment to deliver any material, code, or
functionality, and should not be relied upon in making a purchasing
decision.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180108005110/en/
Source: ACI Worldwide
ACI Worldwide
Dan Ring, +1 781-370-3600
dan.ring@aciworldwide.com
or
Katrin
Boettger (EMEA), 0044 (0) 7776 147910
katrin.boettger@aciworldwide.com
or
Christopher
Taine (APAC), +49 (0) 89 45230 557
christopher.taine@aciworldwide.com
or
Klarna
Aoife
Houlihan, +46 (0) 72 855 8047
aoife.houlihan@klarna.com
