Wedge and Fiserv give financial institutions access to innovative programmable payment functions
Financial institutions of all sizes can offer consumers a debit card that optimizes cash flow
AUSTIN, Texas, 19 December 2022 /PRNewswire/ — Wedge, the fintech company on a mission to make consumers’ dollars go further by bringing the power of marketplaces and programmable payments to everyday spending, is bringing its capabilities to AppMarket from Fiserv, a collaborative online marketplace where financial institution customers of Fiserv (NASDAQ: FISV ) 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 a real-time fintech ledger and debit issuance capabilities from Fiserv to advance its goal of revolutionizing 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 is achievable with conventional credit and debit offerings. Wedge allows users to use their shares, crypto, ETFs or cash for purchase in the way that works best for them, while earning rewards and benefiting from market movements. Wedge users retain their banking and financing relationships combined with a new, intuitive way to spend.
“We have an opportunity to disrupt the payments space and change how consumers think about optimizing their daily spending needs going forward,” said Billy Roberts, Wedge boss. “We are incredibly excited to work with Fiserv, and the positive impact we can have in our industry and for consumers.”
Approximately 40% of US 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 allowing their money to go further,” said Sunil Sachdev, Head of Fintech and Growth, Fiserv. “By facilitating the availability of programmable payments through AppMarket, we empower our customers to connect their account holders with the fintech experiences they desire, through their trusted financial institution relationships.”
To learn more about Wedge and how to get the most out of your assets through everyday spending, visit wedge.us.
About Wedge Financial, Inc.
Wedge offers the first digital wallet and spending app of its kind that allows users to fund everyday purchases using all assets in the Wedge wallet, including cryptocurrencies, stocks and cash. Wedge reinvents everyday spending by giving users the choice to choose the optimal resource to spend at checkout to save on purchases by taking advantage of real-time market movements. Wedge is available through apple and Google Play app stores.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) strives to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant procurement and processing; and the Clover® cloud-based platform for points of sale and business management. Fiserv is a member of the S&P 500® Index, the FORTUNE® 500, and has been recognized as one of FORTUNE’s World’s Most Admired Companies® for 11 of the past 14 years and named the World’s Most Innovative Companies by Fast Company for two consecutive years. Visit fiserv.com and follow on social media for more information and the latest company news.
SOURCE Kile
