i2c Powers Credit Sesame’s New Digital Banking Service, Sesame Cash
Sesame Cash is the first digital bank account that helps consumers grow their cash and credit together
REDWOOD CITY, Calif. – June 18, 2020 – i2c Inc. a leading provider of digital payment and open banking technology, today announced it supports all payment processing for Sesame Cash, Credit Sesame’s free digital banking service that helps consumers grow their cash and credit together to improve overall financial wellness.
Credit Sesame is among the fastest growing digital banking services in the U.S., opening more than 200,000 Sesame Cash accounts since launching for general availability in mid-May. The demand for Sesame Cash continues to surge with thousands of new accounts opened per day, giving more consumers access to tools that help them better manage their credit and cash.
“Sesame Cash offers the benefits of Credit Sesame’s deep credit expertise with the latest in digital banking technology to provide a unique solution for the millions of consumers living paycheck to paycheck. Using our data-driven analytics, we can also better match them with credit products from our network of trusted financial partners,” said Nicolas Dinh, General Manager, Digital Banking Products, Credit Sesame. “As we expand our services to help more consumers across the globe work towards financial wellness, we’re looking forward to leveraging i2c’s payment processing and customer-centric platform to help us seamlessly launch anywhere.”
Unlike with other digital banking programs, Sesame Cash customers have access to credit-centric benefits including free daily credit score refreshes, cash rewards for improving their own credit, and $1 million in credit and identity protection. Additional banking features include early payday, real-time transaction notifications, easy access to their funds, direct deposit, the ability to freeze or unfreeze the debit card in-app, and virtual card integration with most major mobile wallets.
Consumers increasingly demand mobile and integrated financial services that are on par with other aspects of their online, on-demand and interconnected lives. With i2c, Credit Sesame can set and control all card, banking and payments programs on i2c’s single global platform making it easy to offer cardholders personalized features to meet their specific financial management needs.
“We are excited that a banking innovator like Credit Sesame is using the flexibility and configurability of our payments and banking platform to bring new customer-centric product offerings to market,” said Jim McCarthy, President of i2c Inc. “As a result, Sesame Cash cardholders will have better tools to manage their money wisely, while getting rewarded and improving their credit.”
About Credit Sesame
Credit Sesame’s mission is to help consumers work toward financial stability and ultimately create better opportunities for themselves and their families. Strong credit health is inextricably linked to financial health and stability, and with the launch of Sesame Cash, Credit Sesame will help consumers manage both. Credit Sesame has helped millions of consumers improve their credit scores, increase their approval odds, lower the cost of credit and save money. Credit Sesame is funded by leading venture capital firms and strategic investors, including Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital Groups, NortonLifeLock, Capital One Ventures, Stanford University, and ATW Partners among others. Credit Sesame currently operates in the U.S. and Canada. For more information on Credit Sesame, visit www.creditsesame.com and follow on Facebook, Twitter and LinkedIn.
About i2c Inc.
i2c is a global provider of highly-configurable payment and open banking solutions. Using i2c’s proprietary “building block” technology, clients can easily create and manage a comprehensive set of solutions for credit, debit, prepaid, lending and more, quickly and cost-effectively. i2c delivers unparalleled flexibility, agility, security and reliability from a single global SaaS platform. Founded in 2001, and headquartered in Silicon Valley, i2c’s next-generation technology supports millions of users in more than 200 countries/territories and across all time zones. For more information, visit www.i2cinc.com and follow us at @i2cinc.