Buy Now Pay Later Software Development

Credit decisioning engine executing the BNPL operator's credit policy against each checkout application, the credit score threshold, the maximum instalment commitment relative to assessed income, the minimum credit bureau history requirement, and any merchant-specific or product-specific eligibility criteria, and returning an automated approve or decline within the latency window that checkout UX demands. Credit bureau integration pulling the applicant's credit file from Experian, Equifax, or TransUnion at the point of application, with the bureau data fields mapped to the decision engine's input variables and the response cached for the session to avoid repeat bureau hits on the same applicant within the same shopping session. FICO score integration retrieving the applicant's FICO score alongside the bureau file, with the score applied to the automated decisioning threshold or used to set the approved instalment limit within a configured range. Soft search at pre-qualification running a soft credit check during the browsing session before the consumer commits to the pay-later option, returning an indicative eligibility result without leaving a footprint on the credit file, with the hard search deferred to the point of confirmed purchase. Decision audit trail recording the input data, the bureau data used, the credit policy rules applied, and the decision produced for every application, the documentation required for FCA responsible lending evidence, TILA disclosure compliance, and CFPB examination readiness.

Instalment plan generation producing the full repayment schedule at the point of purchase approval, the instalment amounts, the due dates, the interest component where applicable, and the total cost of credit disclosed in line with TILA or FCA pre-contractual information requirements, with the schedule stored against the loan record and presented to the borrower through their account portal. Payment collection processing each instalment on the due date by direct debit, card-on-file charge, or bank transfer depending on the product's collection method, with the payment posted to the loan ledger and the outstanding balance updated in real time. Borrower account portal giving the consumer a view of their active instalment plans across all merchants, the plan balance, the next payment date and amount, the payment history, and the early settlement option, with the portal accessible via web and mobile. Early settlement allowing borrowers to repay an instalment plan in full before the final due date, with the settlement amount calculated from the outstanding balance under the product's settlement terms and the settlement confirmed to the borrower before payment is collected. Repayment schedule amendment for borrowers who request a payment date change within the product's permitted amendment window, with the revised schedule recalculated and the borrower notified of the updated due dates.

Hosted payment page integration allowing merchants to redirect the consumer to the BNPL operator's hosted checkout at the point of payment selection, with the order value, the merchant reference, and the approved instalment options passed from the merchant's cart, and the consumer returned to the merchant's confirmation page on completion. Iframe integration embedding the BNPL checkout flow directly into the merchant's own checkout page without a redirect, with the iframe communicating the decisioning result and the payment confirmation back to the merchant's page via a postMessage event. API integration for merchants with the technical capability to build their own checkout UI, providing a REST API for submitting applications, retrieving decisioning results, confirming purchases, and querying repayment status, with webhook callbacks for asynchronous events. White-label SDK for mobile applications, wrapping the checkout API in a native SDK for iOS and Android that the merchant's mobile development team can drop into their app without building the API integration from scratch. Merchant onboarding and configuration portal allowing the BNPL operator to onboard new merchants, configure the approved instalment options per merchant, set merchant-specific credit policy overlays, and manage the API credentials and webhook endpoints for each merchant integration.

Payment failure detection triggering on a failed instalment collection attempt on the due date, updating the plan's arrears status, and initiating the configured delinquency workflow, re-presenting the payment, notifying the borrower through the configured channel, and escalating to the collections team if the account remains unpaid after the re-presentation window. Arrears staging moving each delinquent plan through the arrears stages defined in the product, from the first failed instalment through the stage threshold that triggers formal collections action, with the transition recording the days past due, the arrears amount, and the collections action taken. Forbearance handling for borrowers in financial difficulty, recording the forbearance arrangement, a payment deferral, a reduced instalment, or an extended plan term, against the loan record and generating the revised repayment schedule from the arrangement date. Collections team workflow assigning delinquent accounts to collections agents with the borrower's account history, the arrears amount, the previous contact attempts, and the recommended next action presented at the point of assignment, with the agent's actions and outcomes recorded against the account. Regulatory reporting on arrears and forbearance for FCA-regulated BNPL operators, producing the data required for regulatory returns in the required format and at the required frequency.

Affordability assessment building the income and expenditure assessment into the decisioning flow rather than as a separate manual process, pulling open banking transaction data where the product uses an open banking affordability check, calculating the borrower's committed monthly expenditure including existing instalment obligations, and applying the affordability test defined in the credit policy before the decisioning engine returns a result. PSD2-compliant open banking connection for affordability assessments in UK and EU markets, requesting the borrower's consent to share their bank transaction history through the FCA or EBA-regulated open banking connection and processing the transaction categorisation within the decisioning flow. TILA disclosure generation for US BNPL products, producing the required pre-contractual disclosures, the annual percentage rate, the total amount of payments, the payment schedule, in the format and at the timing required by the Truth in Lending Act, stored against the loan record as the compliance evidence. CFPB examination readiness building the data retention and audit trail structure required for CFPB supervision of BNPL products, including the credit decision records, the affordability assessment evidence, the disclosure documents, and the collections contact records. Regulatory change management providing a configuration layer for the credit policy rules and affordability thresholds so that the compliance team can update the decisioning parameters when regulatory guidance changes without requiring a development release.

Portfolio overview showing the live state of the BNPL book, the total outstanding instalment balance, the number of active plans, the average instalment value, the arrears rate by days-past-due bucket, and the expected collections over the next 30 and 60 days, updated from the live loan data rather than from a periodic batch report. Merchant performance reporting showing originations, average order value, approval rate, default rate, and outstanding balance by merchant, with the data filterable by time period and exportable for merchant account management. Credit performance analytics tracking the decisioning outcomes over time, approval rate, decline rate, referral rate, and the distribution of accepted applications by credit score band and affordability assessment outcome, giving the credit risk team the data needed to assess whether the credit policy is performing as expected. Vintage analysis showing the repayment performance of each loan cohort, the origination month, the arrears development by days past due, the cumulative default rate, and the recovery rate, so the credit risk team can identify whether performance is deteriorating for recent cohorts before it reaches the portfolio-level metrics. Affordability assessment monitoring tracking the outcomes of the affordability assessment component of the decisioning flow, the proportion of applications declined on affordability grounds, the distribution of assessed debt-to-income ratios, and the correlation between assessed affordability and subsequent repayment performance, to support ongoing credit policy calibration.