LK Bennett links with fintech firm Mode for easier online payments
LK Bennett has added an alternative payment method to its offer. The UK-based fashion retailer has entered a partnership with fintech group Mode Global, to “leverage the power of Open Banking”, enabling customers to make instant payments and earn rewards.
The cardless solution will remove the need for customers to enter their card details, or CVVs, at checkout. Customers simply scan a QR code or click a button, to make payments via the Mode app. Payments will be authorised in real time through biometric security and Strong Customer Authentication (SCA).
For LK Bennett, Mode's mobile payments and loyalty solution “can be a more affordable, safer and smarter alternative to card payments that is catering to the needs of today's digitally-native modern consumer”.
Mode recently launched its payments and rewards solution, ahead of schedule, in October across 30+ brands and Ryan Moore, its CEO, said this LK Bennet link-up was “its next partnership just thee weeks after our ahead-of-schedule public launch with THG. Today's announcement is another step forward in allowing us to put our innovative payments and loyalty solution into the hands of millions of UK customers.”
Darren Topp, CEO of LK Bennett, added that the firm “is always looking for innovative solutions that provide our customers with more options to pay and cater to their evolving needs as modern, digital driven shoppers.”
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