Fiserv and Wedge enable FIs access to programmable payments capabilities
By Edlyn Cardoza
Wedge, the FinTech company on a mission to make consumer’s dollars go further by bringing the power of the markets and programmable payments to everyday spending, is bringing its capabilities to AppMarket from Fiserv, a collaborative online marketplace where financial institution clients of Fiserv can easily access transformative technology. This will allow Wedge to bring its technology to more financial institutions more efficiently and accelerate its growth trajectory. In addition, Wedge will leverage Fiserv’s real-time FinTech ledger and debit issuing capabilities to further its goal of revolutionising consumer spending.
Wedge is an innovative FinTech solution that allows users to spend from multiple fiat accounts and assets with a single card. Wedge is positioned to disrupt the payments space with its ability to simplify a user’s wallet while giving them more upside than achievable with conventional credit and debit offerings. Wedge gives users the power to use their stocks, crypto, ETFs, or cash for purchases in the way that works best for them while earning rewards and benefitting from market movements. Wedge users keep their bank and funding relationships coupled with a new, intuitive way to spend.
“We have an opportunity to disrupt the payments space and shift how consumers think about optimizing their day-to-day spending needs moving forward,” said Billy Roberts, Wedge’s CEO. “We are incredibly excited about working with Fiserv and the positive impact we can have in our industry and for consumers.”
Approximately 40% of U.S. banks and credit unions are supported by Fiserv technology and services. The availability of Wedge via AppMarket from Fiserv will enable financial institutions across the country to offer this innovative technology to their account holders.
“Consumers today are particularly interested in options that simplify the payment experience while enabling their dollars to go further,” said Sunil Sachdev, Head of FinTech and Growth at Fiserv. “By facilitating availability of programmable payments via AppMarket, we’re empowering our clients to connect their accountholders with the fintech experiences they desire, all through their trusted financial institution relationship.”
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