i2c partners with Credit Sesame to support payment processing for Sesame Cash

By Pavithra R

i2c, a leading provider of digital payment and open banking technology has announced that the firm supports all payment processing for Sesame Cash, Credit Sesame’s free digital-banking service that helps consumers grow their cash and credit together to improve overall financial wellness.

Credit Sesame intends to help U.S. consumers who make daily decisions regarding their cash and credit usage, by applying data science and AI-driven analytics to help them grow their cash and credit. The company has seen an increased demand for Sesame Cash, with several new accounts opened per day, giving more consumers access to tools that assists them in better managing their credit and cash.

“Sesame Cash offers the benefits of Credit Sesame’s deep credit expertise with the latest in digital banking technology to provide a unique solution for the millions of consumers living paycheck to paycheck. Using our data-driven analytics, we can also better match them with credit products from our network of trusted financial partners. As we expand our services to help more consumers across the globe work towards financial wellness, we’re looking forward to leveraging i2c’s payment processing and customer-centric platform to help us seamlessly launch anywhere,” said Nicolas Dinh, General Manager, Digital Banking Products, Credit Sesame.

Recently Credit Sesame acquired Canadian challenger bank STACK for international expansion

Sesame Cash customers have access to credit-centric benefits including free daily credit-score refreshes, cash rewards for improving their own credit, and $1 mn in credit and identity protection. Banking features also include early payday, easy access to their funds, direct deposit, the ability to freeze or unfreeze the debit card in-app, real-time transaction notifications, and virtual card integration with major mobile wallets.

With i2c, Credit Sesame can set and control all card, banking and payments programs on i2c’s global platform making it easier to offer cardholders personalised features which meets their unique financial management needs.

“We are excited that a banking innovator like Credit Sesame is using the flexibility and configurability of our payments and banking platform to bring new customer-centric product offerings to market. As a result, Sesame Cash cardholders will have better tools to manage their money wisely, while getting rewarded and improving their credit,” said Jim McCarthy, President of i2c Inc.

Established since 2001, i2c provides smarter payments and integrated commerce solutions which enable financial institutions to deliver high impact, personalised consumer experiences. Its SaaS platform which has advanced building “block processing” technology at its core provides credit, debit and prepaid solutions to financial services organisations.