IKEA flexible payments

Sep 20, 2023 | Business

Shoppers in the U.S. now have increased financial flexibility through Afterpay to purchase IKEA products, bolstering affordability and accessibility for the many

Conshohocken, PA – WEBWIRE –

Today, IKEA U.S. introduces its first-ever Buy Now, Pay Later (BNPL) program in partnership with Afterpay, providing increased financial accessibility through a budget-friendly payment option for shoppers. Afterpay Pay in 4 service is now available nationwide in-store and online at IKEA.com for all U.S. customers.

IKEA U.S. and Afterpay partnered to enable financial freedom and affordability to todays consumers who prefer to pay over time. IKEA continues to provide a seamless and affordable shopping experience for the many, while also providing high-quality products and services. Afterpays interest-free product allows customers to pay in four payments over a six-week period with no credit impact to customers for eligible orders. This omnichannel partnership enables customers to shop for IKEA home products and choose Afterpays flexible solution at checkout. In-store customers can scan a QR code to download the Afterpay app or log in to their existing Afterpay account and add the payment method to their virtual wallet.

IKEA values our customers and strives to ensure accessibility and affordability. We aim to provide the best shopping experience with great quality products, for the many, says Christine Briganti, Financial Services Deployment Project Leader for IKEA U.S. By partnering with Afterpay, we will lower the barriers for our customers to design their dream spaces.

At a time when people are looking for more payment flexibility on home furnishings, we are excited to partner with IKEA, a brand synonymous with affordability and design, says Alex Fisher, Head of Revenue, North America, Afterpay and Cash App. As a trusted commerce partner for the IKEA U.S. market, this partnership can help our customers create a home that they love through simple, transparent and responsible spending.

Together, IKEA U.S. and Afterpay aim to create a seamless shopping journey with easy purchases and streamlined returns if needed. Returns are processed like any other credit or debit card return. Once a return is processed, Afterpay will generally update that order to reflect the refund, with an updated payment schedule, and send the customer an email detailing the changes. Refunds can be viewed by logging into the customers Afterpay account and processed refunds can take up to 10 business days to reflect depending on the financial instrument linked to the order.

About IKEA U.S.
At IKEA, the vision is to create a better everyday life for the many people by offering well-designed, functional and affordable, high-quality home furnishing, produced with care for people and the environment. Ingka Group (Ingka Holding B.V. and its controlled entities) is one of 12 different groups of companies that own and operate IKEA retail under franchise agreements with Inter IKEA Systems B.V. Ingka Group has three business areas: IKEA Retail, Ingka Investments and Ingka Centres. Ingka Group is a strategic partner in the IKEA franchise system, operating 389 IKEA stores in 32 countries including 52 retail locations in the U.S.

For more information on IKEA U.S., see IKEA-USA.com, @IKEAUSANews, @IKEAUSA or IKEAUSA on Facebook, YouTube, Instagram and Pinterest.

About Afterpay Limited
Afterpay is transforming the way we pay by allowing anyone to buy products immediately and pay over time – enabling simple, transparent and responsible spending. We are on a mission to power an economy in which everyone wins. Afterpay is offered by thousands of the worlds favorite retailers and used by millions of active global customers. Afterpay is currently available in Australia, Canada, New Zealand, the United States and the United Kingdom, where it is known as Clearpay. Afterpay is a wholly owned subsidiary of Block, Inc. (NYSE: SQ).

Portable Payments Startup Loop and ArgyleGMS Partnership Offers Fully-Agnostic Payment Solutions to Golf Courses

Mar 3, 2023 | Business

 The new portable payments company, Loop, has partnered with ArgyleGMS, an AI-powered golf course management software, to offer fully agnostic portable payments to golf courses that use the ArgyleGMS system. Loop’s innovative platform enables payment systems to become interoperable with portable payment data, making payments data usable with multiple payment providers and systems.

“Our partnership with ArgyleGMS represents a significant opportunity to bring our payments expertise to a new industry and help golf operators navigate the complex world of payments. By leveraging Loop’s agnostic approach to payments, we can provide golf operators with the best possible rates and avoid vendor lock-in. We’re excited to work with ArgyleGMS to help golf courses of all sizes succeed in a highly competitive market,” said Fiona Walshe, Co-Founder of Loop.

Traditionally, payment systems are closely linked with a single payments provider. This forces merchants to use multiple payment systems to manage all the ways their customers wish to pay. With Loop’s payment integration services, software vendors and businesses can enable payment portability and interoperability, allowing customers to use their payment data across different payment providers and systems securely. This creates more flexibility for customers, and it also reduces the administrative burden and costs for merchants, as they no longer need to manage multiple payment providers.

In addition, Loop’s integration with ArgyleGMS for golf course management software enables fully agnostic portable payments for golf courses. This means golf courses can manage all of their payment channels through a single portal, and benefit from negotiated rates and services. This allows golf courses to focus on what they do best, managing their course, rather than worrying about payment processing.

Furthermore, Loop’s payment integration services are highly secure, employing best-in-class protections such as end-to-end encryption, tokenization, data aliasing, segmentation, and constant monitoring to identify and stop threats before they become an issue. Loop’s secure infrastructure also enables platforms to offload their PCI compliance, while still being able to use their data without liability or risk.

“Loop’s integration services offer numerous benefits for software vendors, businesses, and consumers. We believe that payment portability and interoperability are the future of the payment industry, and we are excited to be at the forefront of this revolution,” said Denise Dallas, Co- Founder of Loop.

For more information about Loop and its services, visit www.paywithloop.io For more information about ArgyleGMS and its GolfOps software, visit www.argylegms.ai.

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Denise Dallas
888-218-4818
www.paywithloop.io

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India Post Payments Bank conducts India’s First Floating Financial Literacy Camp

Nov 3, 2022 | Business


India Post Payments Bank (IPPB), stablished under the Department of Posts, Ministry of Communication with 100% equity owned by the Government of India, conducted India’s First Floating Financial Literacy Camp with an initiative called ‘Niveshak Didi’ to promote Financial Literacy ‘By the women, for the women’, in Srinagar, J&K today.


India, being a large & growing economy, still finds it challenging to spread financial literacy across demography, as an enormous share of population still resides in rural areas. IPPB created a new legacy with the help of world’s largest postal network to extend its reach to the last mile and bridge financial inclusion gaps.


In a pursuit to carry the GoI mandate, IPPB initiated Financial Inclusion journey to resurgent rural India where reach and communication always remained a barrier. Right from the inception, Postmen/ Gramin Dak Sevaks have been reaching out to the masses in every corner of the country, offering digital banking services at their doorsteps.


To take the Financial Literacy drive ahead, IPPB, in collaboration with Investor Education and Protection Fund Authority (IEPFA) under the aegis of Ministry of Corporate Affairs (MCA), launched the initiative called ‘Niveshak Didi’ to promote Financial Literacy “By the women, for the women” concept. ‘Niveshak Didi’ initiative is based on the ideology of women for women as rural area women feel more comfortable to share their queries with a female itself. Three representatives ‘Niveshak Didi’ from the Kashmir valley were given certificates during the recent IEPFA Conference in Srinagar, J&K, by the Union Minister of State for Ministry of Corporate Affairs, Shri Rao Inderjit Singh and the Member of Parliament (Srinagar), Dr. Farooq Abdullah along with Smt. Anita Shah Akella, CEO IEPFA & JS MCA & other dignitaries from IEPFA, Department of Posts, India Post Payments Bank, CSC e-governance, Institute of Company Secretaries of India, Kashmir Chamber of Commerce & Central Reserve Police Force.



Union Minister of State for Ministry of Corporate Affairs, Shri Rao Inderjit Singh and the Member of Parliament (Srinagar), Dr. Farooq Abdullah at IEPFA Conference in Srinagar, J&K


As part of launch of ‘Niveshak Didi’ initiative, IPPB conducted India’s First Floating Financial Literacy Camp by a newly appointed ‘Niveshak Didi’. The Floating Financial Literacy Camp was conducted among the local residents around the world-famous Dal Lake of Srinagar, J&K. Since Shikara is part & parcel of their life, the gathering did take place on multiple Shikaras and the ‘Niveshak Didi’ held the Financial Literacy session in local Kashmiri language from Shikara itself, thus the whole session was conducted in the waters of Dal Lake.


Talking about the initiative, Shri Vineet Pandey, Secretary, Department of Posts, marked it “a tremendous step towards bridging the gap of financial inclusion. This first floating financial literacy camp ever held in India shows the ability of DoP team to reach far & wide to every household in the country, that too in various terrains & geographies & also paves the way for rural women population to increase their financial products and services comprehension, beware of frauds, and stay protected with the assistance of their own Niveshak Didi, in their own language”.


Speaking on the first floating financial literacy camp, Shri J Venkatramu, MD & CEO, India Post Payments Bank said, “Through Niveshak Didi, IPPB will attain next milestone surpassing the challenges faced by rural masses in terms of language and their basic understanding of financial products and services. Niveshak Didi, a female dakiya, having deep social connect to rural masses, will be able to collaborate and resolve their queries in a comfortable environment, at the same time enhancing the financial awareness, especially for the women”.






Floating Financial Literacy Camp conducted among the local residents around Dal Lake in Srinagar, J&K


The floating financial literacy camp was conducted under supervision of Shri Gursharan Rai Bansal, Chief General Manager & Chief Sales & Marketing Officer and Shri Vishwanath Divya, Asst. General Manager (Marketing) along with IPPB & DoP team from Srinagar, J&K. The session covered topics ranging from banking and financial products, importance of joining the mainstream financial services offered by regulated entities & protection against various types of risks involved with investments and measures of fraud prevention. India Post Payments Bank looks forward to continue such efforts to deliver its mandate of enhancing financial empowerment to the last mile.


About IPPB


India Post Payments Bank (IPPB) has been established under the Department of Posts, Ministry of Communication with 100% equity owned by the Government of India. IPPB was launched by the Prime Minister, Shri Narendra Modi on September 1, 2018. The bank has been set up with the vision to build the most accessible, affordable and trusted bank for the common man in India. The fundamental mandate of IPPB is to remove barriers for the unbanked and under-banked and reach the last mile leveraging a network comprising 160,000 post offices (145,000 in rural areas) and 400,000 postal employees. IPPB’s reach and its operating model is built on the key pillars of India Stack – enabling Paperless, Cashless and Presence-less banking in a simple and secure manner at the customers’ doorstep, through a CBS-integrated smartphone and biometric device. Leveraging frugal innovation and with a high focus on ease of banking for the masses, IPPB delivers simple and affordable banking solutions through intuitive interfaces available in 13 languages. IPPB is committed to provide a fillip to a less cash economy and contribute to the vision of Digital India. India will prosper when every citizen will have equal opportunity to become financially secure and empowered. Our motto stands true – Every customer is important; every transaction is significant, and every deposit is valuable.




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Japan – JCB and Trust Payments welcome increased JCB acceptance across 48 European regions

Oct 25, 2022 | Business

JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., today announced a new partnership with Trust Payments, a leader in fintech powering truly innovative customer commerce solutions. JCB’s growing community of over 140 million cardmembers will now be able to seamlessly make payments across Trust Payments’ vast network of online and physical merchants, spanning 48 regions in Europe.

Relied upon by over 20,000 businesses[1] – in retail, financial services, travel, hospitality, and other emerging verticals – Trust Payments empowers ecommerce and POS capabilities for their global merchants. This JCB and Trust Payments partnership will give Trust Payments’ merchants more opportunities to generate higher profits and welcome new customers – by tapping into JCB’s loyal cardmember community. JCB cardmembers are globally appreciated for their significant spend when travelling and transacting on digital platforms and in-store, both in Europe and beyond.

As part of this partnership, J/Secure(TM) 2.0, JCB’s cardmember authentication programme conforming to the EMV(R) 3-D Secure Protocol and Core Functions Specification, will be deployed to prevent fraud. It is expanding globally and supported by major global suppliers of 3DS Server and ACS. J/Secure(TM) 2.0 provides more opportunities to JCB acquirers and issuers for secure ecommerce transactions and enhances customer experience to reduce cart abandonment by introducing Frictionless Flow (the customer will not be prompted for additional information such as a password) through risk-based authentication that supports richer data exchanges and additional data sharing during online transactions.

In just over a decade, the global contactless payments market has risen to $10.3 billion and is expected to be more than $18 billion by 2025[2]. This partnership aims to address this growing customer demand – from countertop to mobile, JCB cardmembers will now have access to Trust Payments’ broad range of POS devices, allowing them to make transactions swiftly and securely.

Ray Shinzawa, Managing Director, JCB International (Europe) Ltd., said: “We are pleased to announce our collaboration with Trust Payments, as it represents a key milestone for JCB as we continue to expand POS and ecommerce spend gateways for our valued cardmembers. Further, working alongside Trust Payments to unlock new opportunities for their broad merchant community means JCB can continue to play our part in growing and supporting the international payment ecosystem.”

Daniel Holden, Group Chief Executive Officer, Trust Payments, added: “We are delighted to be working with JCB and expanding the payment methods our merchants can accept on both POS terminals and across ecommerce payments too. This addition will help to expand the many ways in which businesses can accept payments and work with potential customers based all over the world.”

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 39 million merchants around the world. JCB issues cards across various countries and regions internationally with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

About Trust Payments

Trust Payments is a leader in fintech powering truly innovative customer commerce solutions. We provide on-demand Payments and Banking-as-a-Service services to help businesses grow and scale online, in-store, and on mobile. Trust Payments combines these services with powerful tools, such as loyalty management and instant ecommerce, engaging new innovative payment methods in crypto and bank transfers to drive Converged Commerce(TM).

Focusing on the small and medium-sized business sector in the UK, EU, and the US, Trust Payments drives value for our clients through personalized services, secure and frictionless payments, and innovative products. Trust Payments has a global footprint, with over 400 people across 10 offices supporting the most demanding business sectors, from travel and hospitality to crypto, gaming, and financial services, and an acquiring network of over 50 global banks and hundreds of alternative payment methods.

Trust Payments holds Visa and Mastercard Principal Memberships in the EU for cross-border business, licensed by both the Malta Financial Services Authority and UK Financial Conduct Authority, and holds licenses in 6 US states to carry out regulated payments in gaming. Find out more at https://www.trustpayments.com/

About EMV(R)

EMV(R) is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.

[1] https://www.trustpayments.com/

[2] https://www.globalbankingandfinance.com/cant-touch-this-the-rise-and-rise-of-contactless-payments/

MEDIA CONTACTS:

JCB International (Europe) Ltd.

Diana Lee: dlee@jcbeurope.eu

JCB (Head Office in Japan)

Ayaka Nakajima: jcb-pr@jcb.co.jp

Trust Payments

Joe Fernandez: joe.fernandez@trustpayments.com

Copyright ©2022 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

India Post Payments Bank (IPPB) and Reserve Bank Innovation Hub (RBIH) Collaborate for innovations in Financial Product and Services

Oct 20, 2022 | Business


India Post Payments Bank (IPPB) and Reserve Bank Innovation Hub (RBIH) have come together to focus their efforts on enhancing the reach of financial solutions to large sections of society across India and enabling frictionless finance to a billion Indians.


Over the last thirty years, India has seen strong economic growth. In the last decade, the country has also witnessed rapid advancement and adoption of mobile technology at low data usage cost. However, there remain large sections of the population as well as micro and small businesses that have limited access to essential financial services and expertise. Universal access to finance is one of the critical requirements for society’s inclusive development. To this end, IPPB and RBIH will plan, design and execute innovative products and offerings to bridge the existing gap by bringing digitalised services at the customer’s doorstep.


The collaboration between IPPB and RBIH will explore projects which shall have impact on the masses by:


  • Leveraging the deep rural reach of IPPB-Department of Posts (DoP) to take Rural Finance to a billion Indians.

  • Enabling access to sustainable and secure finance services to every segment of the society, through research and innovation.


Additionally, IPPB shall be an active participant and partner with RBIH on initiatives of national importance led by RBIH


Shri Rajesh Bansal, CEO – RBIH, said “Customer centricity is at the heart of everything we do at RBIH. India’s strong digital stack offers us the unique opportunity to bring everyone into the country’s financial ambit. I am excited about the possibilities our collaboration with IPPB can open, and the impact we can create for the citizens of India, together!”


Speaking on the partnership, Shri J Venkatramu, MD & CEO, IPPB, said “Since its inception, IPPB has been committed towards promoting financial inclusion among low-income and under-banked segments at the last mile by leveraging the unparalleled network of Post Offices, and technology-driven banking solutions. The partnership with RBIH is a milestone in IPPB’s journey to leverage its digital platform and physical network for providing comprehensive, customer-centric, and convenient digital solutions to a billion Indians”.


About RBIH


The Reserve Bank Innovation Hub (RBIH) is a wholly-owned subsidiary of the Reserve Bank of India (RBI) set up to promote and facilitate an environment that accelerates innovation across the financial sector. RBIH will provide the platform to anchor a shared vision among all financial ecosystem stakeholders and aid them in crafting forward-looking innovation strategies while addressing the most pressing issues in the Indian financial sector. The organisation serves as a focal point to position India as a global innovation hub for a network of financial services providers, fintech innovation hubs, policymakers, technologists, academia, and the investor community. The network will be empowered to ideate, incubate new capabilities, and enable access to sustainable, secure, and frictionless financial services for over a  billion Indians.


About IPPB


India Post Payments Bank (IPPB) has been established under the Department of Posts, Ministry of Communication with 100% equity owned by the Government of India. IPPB was launched by the Hon’ble Prime Minister Shri Narendra Modi on September 1, 2018. The bank has been set up with the vision to build the most accessible, affordable and trusted bank for the common man in India. The fundamental mandate of IPPB is to remove barriers for the unbanked and under-banked and reach the last mile leveraging a network comprising 160,000 post offices (145,000 in rural areas) and 400,000 postal employees. IPPB’s reach and its operating model is built on the key pillars of India Stack – enabling Paperless, Cashless and Presence-less banking in a simple and secure manner at the customers’ doorstep, through a CBS-integrated smartphone and biometric device. Leveraging frugal innovation and with a high focus on ease of banking for the masses, IPPB delivers simple and affordable banking solutions through intuitive interfaces available in 13 languages. IPPB is committed to provide a fillip to a less cash economy and contribute to the vision of Digital India. India will prosper when every citizen will have equal opportunity to become financially secure and empowered. Our motto stands true – Every customer is important; every transaction is significant, and every deposit is valuable.


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RKJ/BK




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