American Express Increases Speed for Fintechs to Launch Cards on the Amex Network, Powered by i2c
07 April 2022 - 03:03PM
Business Wire
- New Amex/i2c fintech platform offers financial innovators a
simple, seamless, and secure connection to the American Express
network.
- Cards issued on the American Express network have access to
Amex protections and benefits including Amex Offers, the Resy
Dining program, and exclusive access to pre-sale tickets.
American Express (NYSE:AXP) and i2c Inc, a provider of digital
payment and banking technology, today announced an expanded global,
multi-product agreement that will enable fintechs and financial
institutions around the world to develop and scale innovative
payments solutions for consumers and businesses on the American
Express global payments network. The agreement signals that the
American Express network is ‘open for business’ with fintechs by
creating a plug-and-play onboarding platform to bring innovative
products to market at speed.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220406006101/en/
The Amex/i2c platform also gives fintechs access to American
Express’ unique benefits including Amex Offers, the Resy dining
program, and exclusive access to ticket pre-sales, as well as
leading protections and fraud mitigation capabilities. With i2c and
American Express, fintechs will get access to pre-certified
partners, including bank issuing BIN sponsors, making it faster and
simpler to bring their payment innovations to market.
“Our collaboration with i2c enables fintechs to tap into the
American Express brand, global network, and industry-leading
capabilities to offer their customers payments products that are
backed by the strength of our global network,” said Mohammed Badi,
President, Global Network Services at American Express. “This
platform expands our reach to new customers and partners, makes our
network even more vibrant, and will allow us to break into new and
emerging areas.”
“The appeal of the American Express brand and benefits, paired
with i2c’s plug-and-play platform, makes this program a perfect fit
for visionary fintechs and financial institutions,” said Amir Wain,
CEO of i2c Inc. “Together, we look forward to offering a unique
global solution coupled with value-added payment features for
end-users, matching the spirit and demand of financial innovators
across the globe.”
American Express and i2c’s relationship first started in Latin
America and the Caribbean and will now expand into North America
and other countries over time. Among the recent fintech
collaborations with American Express enabled by i2c are the Keo
American Express Card (Mexico) and the Bancrédito Black American
Express Card® (Puerto Rico). The Covalto American Express® Credit
Card from Credijusto (Mexico) is coming soon.
ABOUT AMERICAN EXPRESS American Express is a globally
integrated payments company, providing customers with access to
products, insights and experiences that enrich lives and build
business success. Learn more at americanexpress.com and connect
with us on facebook.com/americanexpress,
instagram.com/americanexpress,
linkedin.com/company/american-express, twitter.com/americanexpress,
and youtube.com/americanexpress.
Key links to products, services and corporate responsibility
information: personal cards, business cards, travel services, gift
cards, prepaid cards, merchant services, Accertify, Kabbage, Resy,
corporate card, business travel, diversity and inclusion, corporate
responsibility and Environmental, Social, and Governance
reports.
ABOUT I2C INC. i2c is a global provider of highly
configurable payment and banking solutions. Using i2c's proprietary
"building block" technology, clients can easily create and manage a
comprehensive set of solutions for credit, debit, prepaid, lending
and more, quickly and cost-effectively. i2c delivers unparalleled
flexibility, agility, security and reliability from a single global
SaaS platform. Founded in 2001, and headquartered in Silicon
Valley, i2c's next-generation technology supports millions of users
in more than 200 countries/territories and across all time zones.
For more information, visit www.i2cinc.com and follow us at
@i2cinc.
Source: American Express Company
Location: U.S.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220406006101/en/
AMERICAN EXPRESS Becca Hare Moomjian
becca.hare@aexp.com
I2C Heather Clifton media@i2cinc.com
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