BNPL: ACI Worldwide Teams Up with Affirm to Provide Pay-Over-Time Option for US Merchants

ACI Worldwide (NASDAQ: ACIW), an international provider of real-time virtual payment software and services, has teamed up with Affirm, the payment network that “empowers consumers and helps merchants drive growth.”

As mentioned in a release, U.S. merchants using ACI Secure eCommerce are now able to easily provide consumers the ability to make purchases with Affirm and pay-over-time “without any late or hidden fees.”

A Aite-Novarica Group report projects the Buy Now, Pay Later (BNPL) market will grow to over $1.2 trillion by 2024. ACI and Affirm‘s partnership enables merchants to capitalize on this growth  trend “with an integrated offering that provides consumers the option to split the total cost of purchases into biweekly or monthly payments with as low as 0% APR.”

ACI’s Secure eCommerce solution will also “give merchants a powerful payments gateway, sophisticated real-time fraud prevention capabilities, and advanced business intelligence tools,” the announcement noted.

Geoff Kott, CRO at Affirm, stated:

“Consumers are demanding flexible payment options at checkout that help them shop in a way that works with their budget. Merchants need to offer the right solutions to meet their customers’ needs and succeed in today’s market environment. Through this partnership, merchants using ACI’s Secure eCommerce solution can now easily integrate Affirm’s compelling offerings that help turn browsers into buyers while delivering greater flexibility at checkout with no gotchas or late fees.”

Debbie Guerra, head of merchant payments, ACI Worldwide, remarked:

“With millions of consumers shifting their spending habits and looking for quick and convenient payment methods like buy now, pay later, we are excited to partner with Affirm to help drive conversion for merchants. Today’s consumers want payment alternatives and merchants need to keep up or get left behind. The partnership with ACI and Affirm makes it possible for merchants to meet these consumers where they are.”

ACI Secure eCommerce offers merchants with access to an international payments network and the confidence that their clients and transactions are “protected against fraud.”

ACI Secure eCommerce was recognized by Juniper Research, winning awards for innovation in payments. ACI’s fraud management solution also “received full approval on the patent for its incremental learning technology.”

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