Financial Management, Payments

Wedge and Fiserv enable financial institution access to innovative programmable payments capabilities

Wedge and Fiserv enable financial institution access to innovative
Wedge, the fintech company on a mission to make consumer's dollars go farther by bringing the power of the markets and programmable payments to everyday spending, is bringing its capabilities to AppMarket from Fiserv, a collaborative online marketplace where financial institution clients of Fiserv (NASDAQ: FISV) can easily access transformative technology. This will allow Wedge to bring its technology to more financial institutions more efficiently and accelerate its growth trajectory. In addition, Wedge will leverage a real-time fintech ledger and debit issuing capabilities from Fiserv to further its goal of revolutionizing consumer spending.

Wedge is an innovative fintech solution that allows users to spend from multiple fiat accounts and assets with a single card. Wedge is positioned to disrupt the payments space with its ability to simplify a user's wallet, while giving them more upside than achievable with conventional credit and debit offerings. Wedge gives users the power to use their stocks, crypto, ETFs or cash for purchases in the way that works best for them, while earning rewards and benefitting from market movements. Wedge users keep their bank and funding relationships coupled with a new, intuitive way to spend.

"We have an opportunity to disrupt the payments space and shift how consumers think about optimizing their day-to-day spending needs moving forward, We are incredibly excited about working with Fiserv, and the positive impact we can have in our industry and for consumers."

- Billy Roberts, Wedge CEO

Approximately 40% of U.S. 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 this innovative technology to their accountholders.

Consumers today are particularly interested in options that simplify the payment experience while enabling their dollars to go further, 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, said Sunil Sachdev, head of Fintech and Growth, Fiserv.

About Wedge Financial, Inc.
Wedge provides the first digital wallet and spending app of its kind that lets users fund everyday purchases by using any asset in their Wedge wallet, including cryptocurrencies, stocks, and cash. Wedge is reinventing everyday spending by giving users the choice of selecting the optimal asset to use at checkout to save on purchases by taking advantage of real-time market movements.

About Fiserv
Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index, the FORTUNE® 500, and has been recognized as one of FORTUNE World's Most Admired Companies® for 11 of the past 14 years and named among the World's Most Innovative Companies by Fast Company for two consecutive years.

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