To enable payments through its app and prepaid Mastercard, STACK has tapped i2c as its payments processor. The move will help STACK build and scale its personalized payments functionality, i2c said in an announcement.
By using i2c’s payments processing platform, STACK will allow its members to make purchases anywhere Mastercard is accepted, including in stores and online. The platform will also ensure transactions adhere to fraud rules and spending limits.
“STACK is designed to provide smarter solutions to the way we interact with our money,” Miro Pavletic, CEO of STACK, said in the announcement. “Our selection of i2c as our payment processor is aligned with our mission to work with partners that provide innovative and efficient solutions so we can deliver a seamless and secure member experience from start to finish.”
Amir Wain, i2c’s founder and CEO, said his company seeks to enable its clients to grow and offer differentiated offerings.
“Helping our clients create and scale innovative and highly differentiated payments solutions to their customers worldwide is our core competency,” Wain said in the announcement. “STACK is pushing the boundaries of financial innovation, and we look forward to helping them give their members a smarter way to spend, save and share money straight from their smartphones.”
STACK will access i2c’s agile processing platform via an API (application programming interface). It will also use i2c’s integrated voice response (IVR) system to provide self-serve customer service options.
STACK is a mobile app for fee-free money management, which is accompanied by a STACK Prepaid Mastercard. The platform offers members real-time rewards, financial IQ and curated offers designed to provide a lifestyle-focused approach to financial services.
While STACK is currently in private beta, it is scheduled to launch publicly early this year. The service uses technology and customizable tools to allow consumers to spend, save and share money straight from a mobile phone. STACK’s features include mobile tap-to-pay, automated savings, real-time notifications and rewards.