Digital banking and payments solutions provider i2c has partnered with fintech firm Zero to offer hybrid card services to customers.
The collaboration will see Zero utilising i2c’s SAAS payments platform to provide the debit card functionalities with credit card rewards.
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Zero’s offerings include an app, a credit card called the Zerocard and a checking account.
The users can receive a complete overview of their deposits, expenses and transfers, just as a debit card customer. It enables customers to keep a track on the amount of available funds that they can spend.
As the Zerocard processes on credit card networks, customers can enjoy a higher cash back rate. The percentage of cash back can be upgraded through referral and through spending activity.
Zero founder and CEO Bryce Galen said: “i2c’s issuer technology enables us to combine features and functionality across credit, debit, and checking to deliver a modern banking experience. We are excited to set a new standard for how rewarding banking can be.”
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By GlobalDatai2c payment platform provides advanced API’s and other programme management tools and controls to the clients. It enables the issuers to facilitate the launch of new programmes, customise card features and functionalities.
i2c Global Client Success EVP Peg Johnson said: “Zero is a perfect example of how new entrants to the market are reimagining the relationship between customers and their money.
“i2c’s platform gives companies like Zero the ability to offer access to a fundamentally modern and differentiated financial services relationship. Zero empowers consumers to actively manage their money, avoid long-term debt, and be rewarded with cash back.”
Recently, Zero raised an additional $20m through a financing round led by New Enterprise Associates. It brings the company’s total equity and debt funding to date to $35m.
