Second-hand fashion marketplace Vinted has partnered with Checkout.com to use its payment services.
The company says that since using the payments platform, acceptance rates have increased by 4.15 per cent in 2024.
The technology applies bespoke AI optimisations which are tailored to the online marketplace’s specific traffic patterns.
Vinted said these data-driven improvements have reduced failed transactions and increased user trust which has driven engagement on the platform.
As a result of the new technology, Vinted said it increased the volume of transactions processed by the platform between June and November last year.
Modestas Tursa, VP payments at Vinted said that the move has been instrumental in helping the company deliver “exceptional digital experiences” and scale across Europe and UK markets.
In September last year, Vinted announced a partnership with Oracle NetSuite to roll out a new enterprise resource planning (ERP) system as the company looks to expand.
As part of the rollout, Vinted aims to consolidate its financial processes and improve its data visibility across multiple departments.
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
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