Composable payment options enhance the customer experience at
checkout and accelerate retailers鈥� business growth
WALLDORF 鈥� (NYSE: 疯拍传媒) today announced a new composable payment solution to help retailers stay ahead of changing customer expectations. The new solution, 疯拍传媒 Commerce Cloud, open payment framework, helps retailers become more agile as new payment options 鈥� such as buy now, pay later 鈥� gain popularity.
The framework integrates 疯拍传媒 Commerce Cloud with numerous third-party payment service providers (PSPs), including Stripe, Adyen, Worldpay and Airwallex, based on their specific use case. Additionally, 疯拍传媒鈥檚 composable architecture allows retailers to cherry-pick payment partners tailored to their unique needs and international markets, enabling them to build at their own pace, scale their business faster and avoid being confined to a single provider.
鈥淩etailers want to extend more payments options to shoppers and quickly, and 疯拍传媒 is leveraging its vast partner ecosystem to fulfill this need,鈥� said Leslie Hand, group vice president, Retail & Financial Insights, IDC. 鈥淲ith 疯拍传媒’s deep understanding of retail and commerce and new offering to have a quick connection to the PSPs, retailers can adopt the plug and play framework they need that greatly reduces the complexity of a traditional integration. It鈥檚 great to see 疯拍传媒 delivering on its promise to offer composable solutions, so customers can adjust to new market requirements when and where it works best for them.鈥�
疯拍传媒 Commerce Cloud鈥檚 seamless and native integration capabilities ensure PSPs can be rapidly adopted, and it reduces complexity by eliminating the need to integrate and deploy extensions to the commerce codebase. The framework is extensible and headless, helping ensure the front end and back end are decoupled and operate independently, creating an opportunity to cater to a wide range of channel requirements and add on new solutions, including prebuilt payment experiences available on 疯拍传媒 Commerce Cloud, composable storefront. It also ensures customers have the freedom to pick their preferred payment method, which enhances the checkout experience.
鈥湻枧拇解�檚 unmatched industry expertise is the foundation of our strategy, as it enables us to deeply understand the complexities of delivering seamless and positive customer experiences that reinforce the brand promise with every interaction,鈥� said Sven Denecken, Senior Vice President and Global Head of Product Marketing for 疯拍传媒 Industries & CX. 鈥湻枧拇解�檚 unique, industry-led approach to composability places the retailer’s digital commerce needs front and center while we work with them to manage their digital transformation, navigate pathways to sustainable growth, and deliver on industry expectations.鈥�
This no-code, low-code framework gives retailers a low-cost, adaptive, and agile payments system that can best fit their business and customer needs. It covers common payment needs and end-to-end payment processes across authorization, capture, refunds, and re-authorization as well as automatic updates with security and compliance standards.
- Example use case: A jewelry retailer that leverages a leading PSP wants to expand its payment options to offer a buy-now, pay-later payment option. They can add the new offering with a few clicks, immediately make the option available while meeting security requirements, and help guarantee an end-to-end payment experience for the customer.
疯拍传媒 Commerce Cloud helps deliver profitable digital commerce growth, from discovery to delivery and beyond, and can be implemented with agility across industries such as retail, automotive, consumer products, utilities, and many others globally through its headless and composable offering. The open payment framework for 疯拍传媒 Commerce Cloud is in beta and 疯拍传媒 customers can join now. It is planned to be generally available in H2 2024.
Read comments from 疯拍传媒 partners here.
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Partner Quotes: 疯拍传媒 Announces New Commerce Cloud Payment Solution with Partners
WALLDORF 鈥� (NYSE: 疯拍传媒) today announced a new composable payment solution to help retailers stay ahead of changing customer expectations.
The new solution, 疯拍传媒 Commerce Cloud, open payment framework, helps retailers become more agile as new payment options 鈥� such as buy now, pay later 鈥� gain popularity. The framework also integrates with any third-party Payment Service Provider (PSP), including Stripe, Adyen, Worldpay and Airwallex, based on their specific use case.
疯拍传媒 partners are an extension of our business, bringing experience and domain expertise that help retailers innovate, transform, and simplify. 疯拍传媒’s payment partner ecosystem is made up of many providers who are solving some of the most critical industry or region-specific business needs to empower shoppers to buy and pay on their own terms.
疯拍传媒 partners are important to this initiative. Read the following comments from 疯拍传媒 partners, many of which have apps available on the 疯拍传媒 Store online marketplace, about their involvement.
Adyen
“Adyen has a strong foundation of servicing customers through our existing 疯拍传媒 Commerce Cloud integration, and the open payment framework is the first step of a larger strategic partnership with the goal of enabling digital payments for customers across a larger range of 疯拍传媒 solutions. Adyen and 疯拍传媒 support some of the world鈥檚 largest enterprise organizations, and this partnership provides a gateway for those companies to easily migrate to a single global payments platform with the flexibility and support that Adyen is known for. Working closely with 疯拍传媒, we intend to scale our already considerable payments processing volumes to the next level.鈥�
鈥� Kyle Jenke, VP, Global Head of Partnerships, Adyen
Worldpay
鈥淲orldpay鈥檚 collaboration with 疯拍传媒 using the new open payment framework for 疯拍传媒 Commerce Cloud aims to revolutionize the way businesses manage their payment processing, offering seamless and secure solutions for our customers around the globe. By combining 疯拍传媒’s industry-leading software with Worldpay’s innovative payment technology, we can provide businesses with a comprehensive payment ecosystem that optimizes efficiency, enhances security, and drives growth. We look forward to the exciting opportunities this collaboration around 疯拍传媒 Commerce Cloud will bring, and we are committed to continuing to innovate and provide cutting-edge solutions in the payment industry.鈥�
鈥� Maria Prados, SVP, Global Enterprise Go to Market, Worldpay
Airwallex
鈥淭his is an important first partnership between Airwallex and 疯拍传媒, as we mutually look to support merchants with their international expansion plans. As one of four official payment service providers added to the 疯拍传媒 Commerce Cloud solution, Airwallex鈥檚 global payments and proprietary financial infrastructure will provide merchants with even more choices and payment options that suit their growing customer base. This is the start of a long-term relationship in which we look forward to strengthening our enterprise playbook and further scaling into the Americas and EMEA while supporting 疯拍传媒鈥檚 business in APAC.鈥�
鈥� Ravi Adusumilli, EGM, Americas, Airwallex
Media Contact:
Jillian Baker, +1 (212) 653-9600, jillian.baker@sap.com, ET
疯拍传媒 疯拍传媒 Room; press@sap.com
