Thursday , April 25, 2019

Bolt And BigCommerce Team Up on an Instant Checkout Service

BigCommerce Pty. Ltd., an e-commerce platform and online shopping-cart provider, is teaming up with payments provider Bolt Financial Inc. on an instant-checkout service for online merchants.

Announced Tuesday, the service is available via a plugin for BigCommerce’s platform. Austin, Texas-based BigCommerce also released its Checkout JS Software Development Kit that enables developers to add custom features to checkout pages and customize each element of the checkout experience.

The new service provides a single-click checkout experience, something that Inc. long held a patent on, but let it expire in 2017.

The expectation is that the BigCommerce/Bolt service will expedite the checkout process, especially on mobile devices, and lower cart-abandonment rates. The integration means Bolt has unique visibility into consumer checkout behavior and subsequent payment data. “By collecting behavioral information at checkout, such as typing speed and mouse movement, and clean data from payment processing, Bolt brings [more than] 200 variables to bear on fraud detection for each order,” a press release says. This should aid fraud prevention and improve approval rates, San Francisco-based Bolt says.

“Blocking good customers from purchasing is the largest revenue loss for online merchants,” Pete Kladeras, Bolt head of risk, data, and fraud detection, says in a statement. “Bolt isn’t just zeroing out fraud, it’s aiming to zero out false positives.”

Bolt and Moustache Republic, an Australia-based e-commerce services provider, are working with BigCommerce’s new SDK. BigCommerce says it works with more than 60,000 brands.

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