Sesame Cash is the first digital bank account that helps consumers grow their cash and credit together
i2c, a leading provider of digital payment and open banking technology, 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(i2c).
“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”
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.
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“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.
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