Alliance Data’s Bread® to enable point-of-sale lending for Fiserv merchant customers
Bread will work with Fiserv to build a suite of premier lending solutions for merchants, both online and in-store. Through this relationship, businesses can offer pay-on-demand capabilities that provide their customers with flexible spending options at the point of sale.
“Fiserv has been a trusted leader in business-facilitating technology for decades, serving companies of all sizes and across a wide range of verticals,” said Derek joyce, president, Pain. “We are excited to announce our strategic relationship with Fiserv and look forward to collaborating on an innovative digital payment solution that will help merchants generate more revenue at the point of sale.”
“As Alliance Data strengthens its commitment to fintech leadership through strategic alliances and investments, we are proud to work with Fiserv to enable more merchants to access payment technology. flexible that will meet the needs of their ever-changing customers, ”said Val Greer, EVP and Commercial Director, Alliance Data Card Services. “Our relationship with Fiserv will allow us to deliver innovative payment solutions at scale, driving both the platform’s sales and receivables growth for Alliance Data.
By activating pay-over-time finance solutions, Bread can help merchants drive more sales, reduce friction, improve customer engagement, and increase conversion rates by engaging buyers throughout. of the sales funnel. Bread’s customizable payment platform and robust suite of application programming interfaces (APIs) will complement the existing payment processing services offered by Fiserv.
“Fiserv is committed to enabling differentiated payment experiences that help our customers create more commerce at the point of sale,” said Mark Hennin, Senior Vice President of Global Business Solutions Lending, Fiserv. “By partnering with Bread, we are providing our customers with access to a simple option that gives their customers payment flexibility, while enabling businesses to provide a seamless payment experience that can increase sales and customer loyalty. .
For more information on Alliance Data’s Bread business, please visit www.breadpayments.com.
About Alliance Data
Alliance data® (NYSE: ADS) is a leading provider of data-driven marketing, loyalty and payments solutions serving large consumer industries. The company creates and deploys personalized solutions that measurably change consumer behavior while driving the growth and profitability of some of today’s best-known brands. Alliance Data helps its partners create and retain customers across multiple touchpoints using traditional, digital, mobile and emerging technologies. A FORTUNE 500 and S&P MidCap 400 company based in Columbus, Ohio, Alliance Data is made up of companies that together employ nearly 8,000 associates at 45 locations around the world.
Alliance Data Card Services business is a comprehensive provider of private label, co-brand, general purpose and business credit card programs, digital payments, including Bread®and Comenity-branded financial services. LoyaltyOne® owns and operates the AIR MILES® Reward program, the most recognized loyalty program in Canada, and based in the Netherlands Brand loyalty, a global provider of tailor-made loyalty programs for grocers. For more information on Alliance Data, visit www.AllianceData.com.
Fiserv, Inc. (NASDAQ: FISV) aspires to transfer money and information in a way that moves the world. As a global leader in payments and fintech, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas such as account processing and banking solutions. digital; card issuers processing and network services; Payments; e-commerce; acquisition and processing by traders; and clover® cloud-based point of sale solution. Fiserv is a member of the S&P 500® Index and FORTUNE® 500, and is one of FORTUNE’s Most Admired Companies in the World®. Visit fiserv.com and follow on social networks for more information and the latest company news.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by use words such as “believe”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “plan”, “probable”, “may”, “should” or d ‘other similar words or phrases import. Likewise, statements that describe our business strategy, outlook, objectives, plans, intentions or goals are also forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding and advice we give regarding our expected operating or financial results, the launch or completion of strategic initiatives, declarations of dividends future and future economic conditions. , including, but not limited to, exchange rate fluctuations, market conditions and impacts of COVID-19 related to relief measures for affected borrowers and depositors, labor shortages due to quarantine, reduced customer demand, disruption of the supply chain for our rewards providers, and disruption in the airline or travel industries.
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SOURCE Alliance Data Systems Corporation