201. American Express seeks to win over fintechs with card perks.
- Author
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Fitzgerald, Kate
- Subjects
STORED-value cards ,CREDIT cards ,DEBIT cards ,PAYMENT systems ,GREETING card design ,GIG economy ,POINT-of-sale systems ,MERCHANTS - Abstract
Fintechs that don't already offer cards would need to line up a BIN-sponsor partnership with a bank to get on Amex's network through i2c, and neobanks could connect directly to Amex through i2c, he said. One problem has been creating on-ramps for fintechs to easily issue Amex cards, but the card network hopes to solve that through a new partnership with i2c, Amex announced on Thursday. PAYMENTS April 07, 2022 Fintechs in sectors like ride-sharing and food delivery increasingly offer their own credit and debit cards leveraging Visa and Mastercard's digital rails, and now American Express wants a piece of that action. [Extracted from the article]
- Published
- 2022