Partnerships / Acquisitions

Klarna Taps ACI To Expand eCommerce Payments Service

ACI Worldwide, the real-time electronic payment and banking services company, announced news on Wednesday (Jan. 10) that its partnership with Klarna has been expanded, with Klarna tapping ACI’s UP eCommerce Payments service.

In a press release, ACI said that under the deal, online businesses in 10 markets, including the U.S. and the U.K., will be able to integrate Klarna’s payment products, giving consumers the ability to checkout faster online and help online merchants improve their conversion rates.

ACI said its UP eCommerce Payments service makes it possible for merchants to easily enable Klarna’s “Pay later” and “Slice it” options, allowing consumers to decide when to pay for their purchases once they’re received. Consumers are asked for an email address and postal code instead of credit or debit card information, which speeds up the checkout process and lowers the rate of online shopping cart abandonment.

“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,” said Chief Commercial Officer Michael Rouse, Klarna, in the press release. “At Klarna, our unrelenting focus is on delivering the smoothest UX (user experience) 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.”

The solution is available in the U.S., the U.K., Norway, Sweden, Finland, Denmark, Germany, Austria and the Netherlands, the companies stated.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.