MWC Partners integrate Cofidis’ Buy-Now-Pay-Later solution with Cegid Retail
13 Sep 2024
MWC Partners are pleased to announce that they have developed a full set of integrations between Cofidis’ Buy-Now-Pay-Later solution and the suite of Cegid Retail POS solutions: Cegid Retail Y2, Cegid MPOS, Cegid Live Store and Cegid Winstore.
Cofidis is a leading provider of buy-now-pay-later and consumer finance in Europe and is a member of the Credit Mutuel Alliance Federale
Cegid’s 1,200+ global retail customers now have access to these integrations and are therefore able to offer Cofidis’ Buy-Now-Pay-Later solution in-store, with payment options spread over 3, 4, 5, 10 or 12 month instalments. The integrations leverage Cegid’s customer database to speed up the capture of customer details at the point of sale and provide a swift and seamless experience in-store.
To process a payment using the Cofidis buy-now-pay-later finance, the cashier selects the Cofidis option from the payment screen in the Cegid POS. A pop up appears on screen showing a selection of flexible payment options that can be offered to the customer. Once selected, Cegid automatically calls the MWC payment connector which passes information about the customer and transaction to Cofidis.
Cofidis sends a unique link either by SMS or Email, depending on the retailer’s configuration, to the customer. The customer is prompted to perform a short security check by confirming their postcode and date of birth. The page shows the merchant’s name, the transaction total, and how many instalments they have chosen to pay. A breakdown of the instalments, with the amounts due, and on what date they are due to be settled, is also displayed.
Once the customer has completed the form, Cofidis assesses the customer’s eligibility and, if successful, gives approval instantly. The Cegid POS intermittently polls Cofidis for the approval status. Once it is received, the MWC connector passes a message back to the Cegid POS confirming that the transaction can be completed.
Denis Remisz, Product & Payment Partnerships Manager at Cofidis, commented: “From when we were first introduced to the MWC team, it was clear that they are experts in their field. We were soon reassured that they were best placed to help us integrate our solution and make it suitable for use in the in-store environment. Offering Buy-Now-Pay-Later in store presents retailers with options to increase conversion and basket spend. We hope many of Cegid’s customers across Europe will realise these benefits by offering Cofidis in store.”
“The Cofidis integrations offer an unusually wide range of instalment options for the customer we’re looking forward to supporting the Cofidis team in deploying the integration across the Cegid user base in France.” commented Steve Watson, Chairman of MWC Partners. “We have now completed seven Buy-Now-Pay-Later integrations with the Cegid POS solution and these new integrations with Cofidis underline the growing importance of Buy-Now-Pay-Later as a tool in store for increasing sales conversion.”
With over twenty years’ experience in developing, implementing, supporting, and integrating payment software with POS solutions, MWC Partners bridge the technology and knowledge gap between in-store systems and payment software. MWC Partners’ dedicated payment software integrations team have helped many of the world’s leading payment service providers to develop solutions for physical retail.
Contact us now to discuss how we can help with your next POS/payment integration.
