Latest news with #checkout
Finextra
18 hours ago
- Business
- Finextra
Bolt and Palantir usher in new era of intelligent e-commerce at the checkout
Bolt, a leading checkout technology company, and Palantir Technologies Inc., a leading provider of AI software, today announced a strategic partnership to usher in a new era of intelligent ecommerce checkout—one that's personalized, dynamic and deeply informed by data. 0 Checkout 2.0, a self-learning, self-improving checkout, replaces today's static, form-based flows with an adaptive, real-time system that responds to each shopper's unique preferences, behaviors and context. Rather than displaying the same interface to every shopper, Checkout 2.0 delivers personalized flows that evolve with the user—prioritizing preferred payment methods, remembering prior selections and surfacing relevant information at just the right time. "Operational integration of Bolt and Palantir reduces friction for shoppers and complexity for merchants while providing a foundation to accelerate retail into the age of AI," said Ted Mabrey, Palantir's Global Head of Commercial. "This partnership brings together the scale and shopper intelligence of Bolt's platform with Palantir's proven decisioning systems to deliver superior outcomes across every transaction. Checkout 2.0 represents the best of both worlds—and the future of commerce personalization." Bolt will leverage Palantir's platform to help scale Checkout 2.0 across enterprise retailers and expand it within Bolt's recently launched SuperApp—an all-in-one finance and crypto hub that delivers real-time shopper signals. As both platforms evolve, Checkout 2.0 will bring deeper personalization and intelligence to every phase of the buying journey. "Our partnership with Palantir addresses one of the biggest challenges in modern commerce: turning mountains of shopper data into real-time, actionable intelligence," said Ryan Breslow, Founder & CEO of Bolt. "Together, we're tackling outdated, one-size-fits-all checkout experiences and replacing them with a smarter, more adaptive flow that actually responds to individual preferences and behavior. Merchants gain powerful optimization tools to improve conversion and payment efficiency, while shoppers benefit from a faster, more personalized journey. This is not just an upgrade—it's a reimagining of what online checkout can be." Over the last decade, Bolt has accumulated a wealth of intelligence regarding shopper behavior and preferences from its Universal Shopper Network of more than 80 million U.S. shoppers. Through this partnership, Bolt will integrate Palantir's advanced decisioning engine to dynamically adapt checkout flows and enable smarter, contextually aware logic. For example, a shopper who frequently buys beauty products on their mobile device and prefers Apple Pay will see a checkout flow that automatically prioritizes Apple Pay, highlights relevant upsells and surfaces loyalty features—without requiring them to re-enter information or navigate away. These adaptive experiences are designed to eliminate friction and boost conversion. Merchants will also benefit from intelligent post-checkout payment routing. Checkout 2.0 will evaluate transaction attributes—such as volume, category or geography—and select the optimal payment gateway to maximize authorization rates and reduce processing costs. This behind-the-scenes intelligence delivers better margins and a smoother experience. Checkout 2.0's architecture includes: Self-learning shopper profiles that adapt over time based on usage, behavior and purchase history. Dynamic payment method reordering based on shopper preferences and device. Post-checkout routing optimization to improve processing economics in real time. Native crypto payment support, reinforcing Bolt's commitment to flexibility and future-facing payment infrastructure.
Finextra
18 hours ago
- Business
- Finextra
Worldpay to offer Early Warning's Paze as a checkout option
Worldpay and Early Warning Services have announced a new partnership at Worldpay's annual client and partner event, Rethink, to enable Paze as a checkout option available to its merchants. 0 Paze is an online checkout solution developed by Early Warning Services that is offered by leading banks and credit unions in the U.S. The convenient Paze checkout experience enables consumers to pay online with their preferred credit and debit cards via added security through tokenization, and seamless digital authentication. 'At Worldpay, we're committed to giving merchants more choice and flexibility in how they serve today's digital-first consumers,' said Cindy Turner, chief product officer at Worldpay. 'By making new checkout options like Paze available to our merchants, we're making it easy for them to offer convenient checkout that boost conversion and customer confidence because they don't have to share card details directly.' Leading banks and credit unions enable Paze for their eligible cardholders, and cardholders do not need to sign up or download an additional app to use the checkout option where available. Recent research from Worldpay found that 68% of consumers selected a checkout method based on convenience and 48% abandoned a cart due to too many steps to complete checkout. 'Paze was created to meet the rising demand for a fast and convenient digital checkout,' said Eric Hoffman, chief partnerships officer, at Early Warning Services. 'Through this collaboration with Worldpay, we're making Paze instantly accessible to thousands of U.S. merchants, supporting our goal of nationwide coverage. This will bring added convenience and added security through tokenization to the 150 million consumers that already have access to Paze through their bank or credit union they already know and use.' Working together, Worldpay and Early Warning Services are bringing new levels of convenience and security to online checkout. Because purchases made using Paze utilize the network tokenization framework, the consumer's credentials are more secure than traditional manual entry and merchants can experience higher authorization rates. Seamless checkout can increase conversion rates by reducing the steps and friction to complete a purchase. Worldpay's vast merchant network in the U.S. using hosted payment pages will soon see Paze as a checkout option, and others will be able to 'turn on' Paze as a checkout option with limited integration needed.
Bloomberg
a day ago
- Business
- Bloomberg
Palantir Partners With Former Fintech Darling Bolt for AI Checkout
Palantir Technologies Inc., the data analytics firm co-founded by billionaire Peter Thiel, is partnering with one-click checkout platform Bolt Financial Inc. to offer a payments process enhanced by artificial intelligence. The startup plans to offer consumers a personalized checkout experience by leveraging Palantir's software and data analysis, according to a statement from Bolt. The feature will present people with their preferred payment method, in addition to remembering their shopping preferences and making suggestions for additional items to buy.
Finextra
2 days ago
- Business
- Finextra
Paze comes to Worldpay
Worldpay and Early Warning Services have announced a new partnership at Worldpay's annual client and partner event, Rethink, to enable Paze as a checkout option available to its merchants. 0 Paze is an online checkout solution developed by Early Warning Services that is offered by leading banks and credit unions in the U.S. The convenient Paze checkout experience enables consumers to pay online with their preferred credit and debit cards via added security through tokenization, and seamless digital authentication. 'At Worldpay, we're committed to giving merchants more choice and flexibility in how they serve today's digital-first consumers,' said Cindy Turner, chief product officer at Worldpay. 'By making new checkout options like Paze available to our merchants, we're making it easy for them to offer convenient checkout that boost conversion and customer confidence because they don't have to share card details directly.' Leading banks and credit unions enable Paze for their eligible cardholders, and cardholders do not need to sign up or download an additional app to use the checkout option where available. Recent research from Worldpay found that 68% of consumers selected a checkout method based on convenience and 48% abandoned a cart due to too many steps to complete checkout. 'Paze was created to meet the rising demand for a fast and convenient digital checkout,' said Eric Hoffman, chief partnerships officer, at Early Warning Services. 'Through this collaboration with Worldpay, we're making Paze instantly accessible to thousands of U.S. merchants, supporting our goal of nationwide coverage. This will bring added convenience and added security through tokenization to the 150 million consumers that already have access to Paze through their bank or credit union they already know and use.' Working together, Worldpay and Early Warning Services are bringing new levels of convenience and security to online checkout. Because purchases made using Paze utilize the network tokenization framework, the consumer's credentials are more secure than traditional manual entry and merchants can experience higher authorization rates. Seamless checkout can increase conversion rates by reducing the steps and friction to complete a purchase. Worldpay's vast merchant network in the U.S. using hosted payment pages will soon see Paze as a checkout option, and others will be able to 'turn on' Paze as a checkout option with limited integration needed.
Zawya
3 days ago
- Business
- Zawya
Visa study reveals UAE consumers would shop more online with simpler checkout experience
The need to manually enter card details, and security concerns are major pain points for consumers shopping online, resulting in lost revenue for businesses Two-thirds of respondents trust biometric authentication more than traditional methods such as passwords and OTPs UAE, Dubai: Visa, a global leader in digital payments, today announced the findings of its ' Checkout Friction Report ', which highlights strong consumer demand for a more secure and seamless eCommerce experience. Despite the widespread adoption of eCommerce and significant progress in growing the UAE's digital economy, opportunity remains for retailers to enhance checkout experience and increase customer satisfaction. The research is based on a survey of 2,016 online shoppers across the GCC, including the UAE, and explores their experiences with eCommerce purchases. It examines common pain points during the checkout process that affect both consumer satisfaction and business outcomes. Checkout Challenges Undermine the Rise of Frequent Online Shopping Visa's 'Checkout Friction Report' shows that one in three respondents (33%) in the UAE shops multiple times a week for groceries. For categories such as fashion, entertainment, and electronics, shopping frequency ranges from once to a few times a month. According to 40% of respondents, the biggest frustrations with online checkouts are security concerns, followed by the hassle of entering card details manually (37%). By addressing these challenges, retailers can enhance the checkout experience which could lead to increased customer satisfaction. "Challenges in the online checkout process have direct implications for businesses, resulting in lost revenue, and hampering both customer acquisition and retention. Today's consumers expect – and deserve – a more seamless and secure eCommerce experience. That's why Visa is working with partners to enable solutions like Click to Pay, which leverages biometrics and tokenization to eliminate key pain points and deliver a more convenient shopping experience. Improving these moments not only drives business results but also builds on the UAE government's achievements in building a seamless, secure digital economy,' said Salima Gutieva, Visa's VP and Country Manager for UAE. UAE Online Shoppers Prioritize Safety Beyond the inconvenience of current checkout options, security remains a top priority for online shoppers. According to Visa's research, 58% of consumers surveyed are worried about the risk of fraud or hacking when storing their card details on multiple websites. Additionally, 42% of respondents have experienced fraud or security breaches. Biometrics and One-Click Checkouts for Better Online Payment Experience Visa's 'Checkout Friction Report' reveals a strong preference for a more streamlined checkout, with 65% of respondents supporting a single registration process for online payments across all participating merchants. When the option of biometric authentication was proposed, two-thirds (67%) of respondents said they would use it to check out, with many trusting biometric authentication (fingerprint/face ID) more than traditional payment methods (passwords/OTP). For businesses, the demand for simpler and safer checkout options is clear. Most respondents (82%) would shop online more frequently and be more likely to complete their purchases with a one-click checkout option. Two-thirds of the surveyed consumers (66%) show a high likelihood of using 'Click to Pay with Biometrics'' if offered by online retailers. Visa Click to Pay streamlines online shopping by providing advanced checkout experiences, eliminating the need to manually enter card details, thereby making transactions significantly faster. At participating eCommerce platforms, consumers can simply click the Click to Pay button to complete their purchase quickly and easily using their preferred Visa card and shipping address. Visa's Click to Pay relies on biometric authentication available on the consumer's device and does not require transfer of biometric data. About Visa Inc. Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at
