News

Wedge partners with Fiserv to upgrade debit issuing

Tuesday 20 December 2022 13:21 CET | News

US-based smart debit card provider Wedge has partnered with B2B financial marketplace Fiserv to access the latter’s real-time fintech ledger and debit issuing capabilities.

Following this collaboration, Wedge will offer its services to AppMarket, a product of Fiserv. This will allow the company to use Fiserv’s payment technology and offer it to financial institutions more efficiently. 

More specifically, Fiserv services such as the real-time fintech ledger or the debit card issues capabilities will offer Wedge the possibility to improve its payment options and to develop its customer services. 

Fiserv’s technology is currently used by approximatively 40% of US banks and credit unions, according to data offered in the official company statement. The accessibility of Wedge via the AppMarket will reportedly provide financial institutions across the country the capability to offer the new technology to their accountholders. 

According to a company representative, a lot of the customers are interested in options and services that can simplify the payment experience. The presence of Wedge on AppMarket will give their clients the possibility to choose the fintech experience they want to connect their accountholders to.

 

US-based smart debit card provider Wedge has partnered with Fiserv to access the latter’s real-time fintech ledger and debit issuing capabilities.

 

Wedge’s customer services

Wedge is an American-based fintech company that offers their clients the possibility to spend their money from multiple fiat accounts and assets while using a single card. One of their services is given by their ability to simplify their customer’s wallets while providing them more upside with new credit and debit offerings.

The customers have the chance to use their stocks, crypto, ETFs or cash for purchases the way they want to or how it works best for them. At the same time, they can earn rewards and choose the optimal asset to use at the checkout by taking advantage of real-time market movements.  

Clients can access Wedge through Apple and Google Pay app stores.

Fiserv’s recent partnerships and expansion strategy

Fiserv is a US-based fintech and payments company that offers financial technology services, including account processing and digital banking solutions, card issuer processing and network services, merchant acquiring a processing, payments and ecommerce services, as well as insurance and leasing to finance companies and retailers. 

Earlier this month, Fiserv partnered with the Netherlands-based payment orchestration platform WLPayments  to enable merchants to improve operations in existing markets and expand to new ones. 

During the month of October 2022, Fiserv and German-based Deutsche Bank launched Vert, a payment acceptance and banking services provider to small and medium-sized enterprises (SMEs). It combines payment acceptance, processing, and traditional banking solutions while meeting the market demand for an integrated offering and consolidation access, in order to innovate products for merchants of all sizes. It also provides next-banking-day payouts, offering merchants faster access to their funds. 

In July, Fiserv’s partnership with the Financial Services Innovation Lab operated on a new initiative to better understand consumer financial health, having the goal to increase financial and payments inclusion. 


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: partnership, ecommerce, fintech, online payments, debit card, Issuer
Categories: Payments & Commerce
Companies: Fiserv, Wedge
Countries: United States
This article is part of category

Payments & Commerce

Fiserv

|

Wedge

|
Discover all the Company news on Fiserv and other articles related to Fiserv in The Paypers News, Reports, and insights on the payments and fintech industry: