New Clover, PayBright Relationship Empowers More Small Businesses to Offer Canadians Buy Now, Pay Later

Small business owners in Canada who use Fiserv's Clover® platform, a leading global supplier of payments and financial services technology solutions, also have the ability to offer PayBright's buy now, pay later (BNPL) plans at the checkout.

Clover merchants can easily unlock PayBright's solutions by downloading the PayBright app from the Clover App Market. This enables retailers to provide their clients with convenient biweekly or monthly installment payment plans that are more suitable for their budgets. Merchants that accept PayBright usually see direct market benefits such as improved revenue, higher average order values (AOV), and improved repeat business.

Clover is a market-leading point-of-sale platform with an annualized payment volume of more than $140 billion. Clover is a full business management platform that allows businesses to maximize by encouraging consumers to pay via a debit or credit card or with mobile payment options like Apple Pay®, Samsung Pay®, and Google Play.

PayBright was the first integrated installment payment solution in Canada, offering a seamless omnichannel experience for e-commerce, in-app, and in-store sales. PayBright, unlike most installment payment options, does not require customers to sign up with a credit card and does not impose retroactive interest, or revolving interest charges.

About PayBright

PayBright, an Affirm company, is one of Canada's leading suppliers of e-commerce and in-store installment payment plans. PayBright enables Canadian shoppers to shop now and pay later in a fast and convenient experience by partnering with over 8,500 domestic and foreign retailers. PayBright is fully partnered with leading retail partners such as SAIL, Hudson's Bay, Wayfair, Endy, and Samsung. PayBright's repayment plans range from 4 biweekly payments for smaller orders to 60 months for bigger transactions, with interest rates as low as 0%. PayBright, headquartered in Toronto, has supplied Canadians with over $2 billion in spending power since its inception.

About Fiserv

Fiserv, Inc. aspires to move money and information in such a manner that it affects the entire world. As a market pioneer in payments and financial technology, the firm assists customers in achieving best-in-class results by focusing on innovation and excellence in fields such as account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring, and processing; and the Clover® cloud-based point-of-sale solution. Fiserv is a member of the SP 500® Index and the FORTUNE® 500, as well as one of the FORTUNE World's Most Admired Companies®.