Software Development

Buy what you want today, pay for it over time.

Afterpay

Consumer payments is ripe for innovation and Afterpay is leading the way, with Touchcorp right by its side.
"The Afterpay concept is simple for consumers to understand and for merchants to implement, but the underlying technology and platform is anything but simple. Touchcorp has built a fast, secure and scalable real-time system for Afterpay. The volume and depth of data that Afterpay and Touchcorp collects and processes is immense and our platform enables Afterpay to transform this data into highly valuable and actionable insights that drive our business forward."

Nick Molnar

Managing Director and Co-founder of Afterpay

The way people earn and spend money is being reimagined every day by technology. But payments and finance haven’t kept up. Shoppers want flexibility and simplicity in how they pay for their purchases. They want solutions that match with how they live and how they prefer to manage their finances.

Afterpay is creating a new kind of payments company. One that helps people shop and transact in the way they want. Founded in 2014 in Sydney, Australia Afterpay set out with that ambitious goal and built an industry-leading technology platform and a world-class team to help achieve this. Afterpay took the first step in its mission with the introduction of its first product in 2015 – simple, interest-free instalment plans, available instantly at retail stores – either online, on mobile, or in-store. 

To pursue its strategy, Afterpay needed a technology partner with extensive experience and capability, which is why it partnered with Touchcorp.  

Touchcorp provides Afterpay with a substantial competitive advantage. Afterpay’s technology platform  comprises two key components: The Transaction Integrity Engine and the Afterpay Operating Platform. At the core of the Afterpay System is its Transaction Integrity Engine, which conducts end-customer fraud and repayment capability assessments in real-time, allowing Afterpay to make real-time, automated decisions as to whether or not to provide instalment payment terms to any potential end-customer.

The Afterpay System was developed by Touchcorp through the modification and further development of pre-existing Touchcorp technology and systems. Touchcorp also processes all of Afterpay’s transactions on its behalf. Importantly, Afterpay and Touchcorp maintain the highest level of transaction security under the Payment Card Industry Data Security Standards (PCI DSS).

“The Afterpay concept is simple for consumers to understand and for merchants to implement, but the underlying technology and platform is anything but simple. Touchcorp has built a fast, secure and scalable real-time system for Afterpay. The volume and depth of data that Afterpay and Touchcorp collects and processes is immense and our platform enables Afterpay to transform this data into highly valuable and actionable insights that drive out business forward.” ~ Nick Molnar, Managing Director and Co-founder of Afterpay. 

Consumer payments is ripe for innovation and Afterpay is leading the way, with Touchcorp right by its side.