Digital payments and banking company i2c has teamed with Colorado-based FinTech company Marygold & Co. on its tap-to-pay debit Mastercard and new customer-centric savings program, according to a Wednesday (July 6) press release.
Marygold & Co. will lean on i2C’s payments application programming interfaces (APIs) to build out its Spend Now Checking and Money Pool Savings interfaces, giving cardholders the ability to control spending and save for important life events. Payments will be processed on the Mastercard network, and cardholders will be backed by i2C’s fraud management network, the release stated.
“We were already familiar with i2c through their widespread presence in the processing space and knew that we wanted to work with them because of their deep domain expertise, global connections to all the major card networks and ability to bring card programs to market quickly,” said Marygold & Co. Co-Founder Nicholas Gerber in the release.
The Marygold & Co. contactless debit Mastercard program will authenticate payments with no signature or PIN required and enable real-time payments to anyone in the United States with an email address or mobile number, according to the release.
The Money Pool Savings program will offer unlimited savings accounts with automated funding and goal setting features, the release stated. Marygold & Co. will roll out the programs in the U.S. before expanding into other global markets in future years.
“Marygold & Co. is reimagining payments through a modern lens and servicing their customers with a high-tech and high-touch approach,” said i2c Chief Client Officer Serena Smith in the release. “i2c was built to enable innovators like Marygold & Co. so that they can launch with faster speed-to-market and innovation cycles, and we’re proud that they selected us to help bring their payment visions to life.”
In April, i2C teamed with American Express on an expanded multiproduct agreement to develop payment solutions for customers on the American Express network, giving FinTechs access to Amex Offers, the Resy dining program, ticket pre-sales, and protection and fraud mitigation offerings.
Read more: Amex, i2c Launch Payments Platform for FinTechs