AmEx (AXP), i2c Partner to Help Fintechs in Speedy Card Launch

American Express Company AXP recently unveiled a global, multi-product deal with the renowned digital payment and banking technology provider, i2c, to extend an innovative platform, backed by American Express’ global payments network and i2c, to fintechs.  

The opportunity to leverage unique benefits, credible protections and fraud mitigation capabilities, coupled with the widespread network of AXP combined with the plug-and-play platform of i2c, makes the latest partnership a suitable one for those worldwide fintechs and financial institutions that remain intrigued to roll out innovative card offerings across markets.

With the new Amex/i2c fintech platform, it becomes easier for fintechs to speedily launch enhanced payments solutions and expand their reach for benefiting consumers and businesses within the American Express global payments network.  The recent alliance also makes pre-certified partners, including bank-issuing BIN sponsors, available to help fintechs in the accelerated and seamless launch of their payments solutions across markets.

The new platform, developed as a result of the alliance between American Express and i2c, also seems to benefit the former in several ways. An expanded customer and partner base, a further strong network and an opportunity to delve into new and emerging markets can be noted as some of the benefits.

Also, the alliance is expected to further strengthen the bond that AXP has been sharing with i2c. The first time when the two companies joined forces to aid fintechs was in Latin America and the Caribbean, which will now gradually expand across North America and other countries with time. The innovative technology provider — i2c — was also chosen by the renowned global payments technology company, Visa V, to work together for helping fintech firms extend advanced payments solutions for boosting financial access in the Middle East and North Africa region.

The help extended to fintechs through the latest tie-up seems to be the need of the hour owing to the promising potential exhibited by the global fintech market in rolling out offerings that match the evolving needs of consumers. American Express continues to pursue a host of measures focused on technology advancements, the introduction of secured digital solutions and assisting fintech in regulating payments.

Shares of American Express have rallied 23.4% in a year compared with the industry’s growth of 2.9%. AXP currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zacks Investment Research
Image Source: Zacks Investment Research

Similar to American Express, companies making concerted efforts to help fintechs include Mastercard Incorporated MA, Visa and Global Payments Inc. GPN.

Mastercard remains committed to providing necessary assistance to fintechs through the Mastercard Fintech Express program. The assistance ranges from offering technological assistance to helping them roll out new products and enhanced payments solutions. Mastercard has also undertaken substantial investments to support the growth prospects of fintechs.

Visa has been the preferred choice of a partner for fintechs due to its cutting-edge solutions, a robust partner network and extensive global presence. Apart from Visa Fintech Partner Connect, V has several programs in place for serving the purpose, including an accelerator program and the Fast Track program. The programs share the mutual purpose of offering opportunities to global fintechs to roll out enhanced payment solutions and boost growth prospects.  Visa also made significant investments in supporting fintechs.

Global Payments is a pure-play payments technology company boasting deep expertise in payments technology. Backed by its expertise, Global Payments continues to roll out a wide array of payments technology and software solutions for fintechs worldwide. GPN equips these businesses with the seamless acceptance of payments in all commerce channels, thereby resulting in better and secured outcomes for customers.

Shares of Mastercard, Visa and Global Payments have declined 8%, 2.8% and 36.8%, respectively, in a year.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Mastercard Incorporated (MA): Free Stock Analysis Report
Visa Inc. (V): Free Stock Analysis Report
American Express Company (AXP): Free Stock Analysis Report
Global Payments Inc. (GPN): Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.