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 visithttp://www.baiglobalinnovations.com.