Alliance Data's Bread® To Enable Point-of-Sale Lending for Fiserv Merchant Clients
- Substantial Fiserv merchant acquiring client base will be able to offer access to Bread as a consumer purchase financing option at the point of sale
- Alliance Data will originate and retain the customer loans
COLUMBUS, Ohio, April 29, 2021 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, today announced its Bread division, a leading payments technology company that enables seamless checkout experiences for merchants and partners, will provide businesses using merchant acquiring services from Fiserv with access to Bread's turnkey point-of-sale lending products, including installment loan and buy now, pay later options.
Bread will collaborate with Fiserv to enable a best-in-class suite of lending solutions for merchants, both online and in-store. Through the relationship, businesses can offer in-demand payment capabilities that provide their customers flexible spending options at the point of sale.
By enabling pay-over-time financing solutions, Bread can help merchants drive more sales, reduce friction, improve customer engagement, and boost conversion rates by engaging shoppers throughout the sales funnel. Bread's customizable payments platform and robust suite of application programming interfaces (APIs) will complement existing payment processing services offered by Fiserv.
