PayItSimple USA Inc. Named BAI-Infosys Finacle Global Banking Innovation Award Finalist

Awards ceremony celebrates top innovators in the financial services industry

Aug 06, 2015, 08:00 ET from PayItSimple

NEW YORK, August 6, 2015 /PRNewswire/ --

PayItSimple has been named a finalist in the Most Innovative Non-Financial Institution category at the 2015 BAI-Infosys Finacle Global Banking Innovation Awards, presented at the BAI Retail Delivery 2015 Conference and Expo. PayItSimple was selected from a field including over 250 entrants. The Most Innovative Non-Financial Institution award recognizes outstanding achievements by organizations that stand out from their competitors, present innovative solutions and help set industry trends.

PayItSimple enables both ecommerce and brick & mortar merchants to offer interest-free monthly installment payments to their customers at the point of sale. Customers do not have to apply for a new credit line or qualify for a new credit card. PayItSimple works on their existing credit cards so customers also enjoy all of their regular credit card benefits such as points, cash-back and mileage. For merchants, having this additional payment option can mean increased conversion rates, higher average tickets, increased customer satisfaction and reduced barriers to purchase.

"With such fierce competition, we are thrilled to be named a finalist in this prestigious awards program," said Stacy Fassberg, VP Marketing at PayItSimple. "As we continue to expand our service throughout North America and the UK, being honored this way gives us great satisfaction and encouragement to make interest-free installment payments available throughout the world."  

Since 2011, BAI-Infosys Finacle Global Banking Innovation Awards have celebrated excellence in financial services by recognizing breakthrough innovation in the retail banking industry. Awards will be announced during the 5th annual BAI Retail Delivery Conference & Expo's award ceremony on Tuesday, October 13th at The Venetian|The Palazzo Congress Center in Las Vegas.

For more information on the 5th Annual BAI-Infosys Finacle Global Banking Innovation Awards visit http://www.baiglobalinnovations.com.

About PayItSimple 

By optimizing the existing credit card infrastructure, PayItSimple enables both ecommerce and brick & mortar merchants to offer interest-free monthly installment payments to their customers at the point of sale. Customers do not have to apply for a new credit line or qualify for a new credit card. PayItSimple works on their existing credit cards so customers also enjoy all of their regular credit card benefits such as points, cash-back and mileage. For merchants, having this additional payment option could mean increased conversion rates, higher average tickets, increased customer satisfaction and reduced barriers to purchase. PayItSimple transactions incur no greater risk to merchants than regular credit card transactions. ISOs and Acquirers enjoy improved merchant acquisition and retention, increased credit card volume and increased revenue via a share of PayItSimple fees. To learn more, please visit https://www.payitsimple.com

About BAI and BAI Retail Delivery  

BAI delivers the financial services industry's most actionable insights, enabling leaders to make smart business decisions, every day. We're passionate about the trusted information and powerful tools that provide leaders with the clarity and confidence needed to prepare for tomorrow, while performing better today. At BAI Retail Delivery, more than 3,000 financial services professionals come together from around the world, including leaders from retail banking organizations and financial technology and business solutions providers. BAI Retail Delivery provides unique perspectives, best practices and meaningful connections that help drive positive change and move the industry forward.

About Infosys 

Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.

Visit http://www.infosys.com to see how Infosys (NYSE: INFY), with US$ 8.25 billion in annual revenues and 165,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2014 and on Form 6-K for the quarter ended September 30, 2014. These filings are available at http://www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.

For further information please contact: Stacy Fassberg PayItSimple Phone: +1-914-294-3507 stacyf@payitsimple.com Lucas Gochanour BAI, Chicago, USA Phone: +1-312-683-2329 lgochanour@bai.org Asia Pacific Sadaf Khan Infosys, India +91-8197276623 Sadaf_Khan03@infosys.com EMEA Paul de Lara Infosys, UK +44-2075162748 Paul_deLara@infosys.com Americas John Gallagher Brunswick Group for Infosys USA +1(415)6717688/+1(415)316-8060 jgallagher@brunswickgroup.com

SOURCE PayItSimple