Wedge and Fiserv, Inc. (NASDAQ: FISV) have partnered on programmable payments, according to a release.
Wedge is an app-based service that offers a digital wallet and spending app, including cryptocurrencies, stocks, and cash. Fiserv is a payments and transfers Fintech.
Wedge will bring its services to the AppMarket from Fiserv which will allow it to bring its technology to more financial institutions. At the same time, Wedge will leverage a real-time Fintech ledger and debit issuing capabilities from Fiserv to further its goal of improving consumer spending.
Billy Roberts, Wedge CEO, said they have an opportunity to disrupt payments and how consumers manage their day-to-day spending.
The company notes that 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 their services.
“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, 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.”
