Brown Thomas Arnotts partners with Stripe for online payments
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Brown Thomas Arnotts has partnered with Stripe to power online payments across its digital operations as part of an ongoing investment in its digital shopping experience. Under the agreement, payments on the Brown Thomas and Arnotts websites and mobile apps will move to Stripe, giving customers access to payment options including Apple Pay, local payment methods and Buy Now Pay Later financing through Klarna. Stripe, which is dual-headquartered in Dublin, was selected partly because of its presence in Ireland and understanding of the local retail market. The migration is designed to take place without disruption to customers, while consolidating payments infrastructure across the Brown Thomas Arnotts estate is expected to simplify reconciliation between its storefronts and order management systems. The partnership will also give Brown Thomas Arnotts access to Stripe's Authorisation Boost technology, which is designed to increase card authorisation rates and recover revenue lost through failed transactions. Stripe said failed transactions had accounted for losses of up to 30% in certain segments. Its Radar fraud prevention platform will also allow Brown Thomas Arnotts to create customised fraud rules while seeking to minimise additional friction for customers. Sarah Esler, head of digital product at Brown Thomas Arnotts, said Stripe's technology would support the group's...
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