January 16, 2016
U.S. Retailers can grow revenue with point of sale, online and mobile purchases in a single, EMV-compliant solution for the first time
San Francisco, CA – [Press Release] – Adyen, a leading payments company that powers e-commerce payments globally for businesses such as Facebook, Uber and Netflix, announced that its point of sale solution is available in the United States. This means that for the first time, U.S. businesses can connect their point of sale, online and mobile purchases in a single, EMV-compliant payments solution – a powerful proposition for omnichannel businesses, such as large retailers.
As the only truly omnichannel payments platform connecting e-commerce and point of sale terminals in a single dashboard, Adyen enables merchants to grow revenue through delivering a wide range of better shopper experiences, including:
The ability to buy online and pick up in-store – an approach that is generating incremental sales up to five percent for Adyen customers in Europe.
Enabling in-store shoppers to order out of stock items online – ensuring that merchants don’t lose sales due to out of stock issues.
Making it possible for online shoppers to return items in-store (and vice versa) – leading to lower levels of return fraud and greater cross-selling opportunities.
Furthermore, with this technology, merchants can accept all major card brands in both the U.S. and Europe, including Visa, MasterCard, American Express, Discover, Diners, UnionPay, and JCB, as well as other U.S. debit payment methods including Pulse and Star.
The $22 trillion retail industry has been on the verge of delivering a true omnichannel shopping experience for years, but outdated and siloed payment systems have been in the way, said Pieter Van der Does, co-founder and CEO of Adyen. With Adyen’s omnichannel solution, forward-looking retailers will have the platform they need to surprise and delight shoppers with new experiences that also grow their revenue.
Several of the top global apparel retailers, along with other leading brands such as Mango, Superdry, Burton, Crocs, Domino’s Pizza, O'Neill, Citizen M Hotels and others are already using Adyen's solution in multiple markets. These companies have seen sales growth, lower levels of fraud and lower costs, all resulting in millions of dollars of incremental profit.
Adyen also released metrics on the company’s 2015 financial performance today, and announced that the company processed $50 billion in transaction volume and achieved revenue of $350 million. Both metrics increased 100 percent year-over-year. For more information and key metrics, click here.
Adyen is a technology company that provides businesses with a single solution to accept payments anywhere in the world. The only provider of a modern end-to-end infrastructure connecting merchants directly to Visa, MasterCard, and 250 other payment methods globally, Adyen delivers frictionless payments across online, mobile, and in-store. Headquartered in Amsterdam and San Francisco, with offices across North America, South America, Europe, Asia and Australia, Adyen serves more than 4,500 businesses, including 7 of the 10 largest U.S. Internet companies. Customers include Facebook, Uber, Airbnb, Netflix, Spotify, Dropbox, Evernote, Booking.com, Yelp, Vodafone, Superdry, Mango, Crocs, O’Neill, SoundCloud, KLM and JustFab.