Alliance Data’s Bread and Sezzle Announce Strategic Partnership | New
Columbus, Ohio and MINNEAPOLIS, 25 October 2021 / PRNewswire / – Alliance Data Systems Company (NYSE: ADS), a leading global provider of data-driven marketing, loyalty and payment solutions and Sezzle Inc. (ASX: SZL), a leading buy now, pay later (BNPL) solution, today announced that Alliance Data Bread The company will offer its installment loan product through Sezzle’s network of traders. Through this integrated partnership, Sezzle will leverage Bread’s in-depth underwriting and installment loan product to reach more high-priced customers, while offering a full range of products to its merchant partners.
Acquired by Alliance Data in december 2020, Bread is a leading payment technology company that enables seamless payment experiences. Its white-label digital payment platform will work alongside Sezzle to give Sezzle and its more than 40,000 merchants and future partners more options at checkout.
“Sezzle is B Corp certified and on a mission to financially empower buyers by creating transparent, top-notch experiences,” said Charlie youakim, Managing Director, Sezzle. “It also includes a focus on building credit and financial education, as well as sustainability, social good and ethical partnerships that are increasingly important to next-generation consumers. By providing Bread’s installment solution to customers, we can build on our buy now, pay later success, and expand our product line to include additional installment loan options that offer ambitious, high-priced buyers more ways to pay. “
With convenient terms (3-48 months) and interest rates starting at 0% for select loans and eligible customers, Bread Installment Loans will complement Sezzle’s existing product buy now, pay later, while speeding up. simultaneously growth opportunities for both companies. Through this partnership, Bread will initiate loans through its subsidiary Comenity Capital Bank.
“We approach our products and experiences from a consumer perspective, and this alliance is a testament not only to the strength of Bread’s phased product, but also to its modern technology and simple, user-friendly experiences,” said Val Greer, EVP and Commercial Director, Alliance Data. “This agreement allows Bread and Sezzle to expand their reach and generate mutual growth, while giving more merchants the tools to be successful by attracting a variety of customers and basket sizes.”
Sezzle, which includes merchants like Target and Bass Pro Shops on its customer list, expects Bread to be available to its merchants in early 2022. For more information, visit sezzle.com Where painpayments.com.
About Alliance data
Alliance data® (NYSE: ADS) is a leading provider of data-driven marketing, loyalty and payments solutions serving large consumer-driven industries. The company creates and deploys personalized solutions that measurably change consumer behavior while driving the growth and profitability of some of today’s best-known brands. Alliance Data helps its partners create and increase customer loyalty across multiple touchpoints using traditional, digital, mobile and emerging technologies. Based at Columbus, Ohio, Alliance Data is an S&P MidCap 400 company made up of companies that together employ approximately 8,000 associates in more than 45 locations around the world.
Alliance Data Card Services business is a full-service provider of industry-leading private label, co-brand, general-purpose and business credit card programs, digital payments, including Bread®, and Comenity-branded financial services. LoyaltyOne owns and operates the AIR MILES® Reward program, from Canada the most recognized loyalty program, and Netherlands-based Brand loyalty, a global provider of tailor-made loyalty programs for grocers. You can find more information about Alliance Data at www.AllianceData.com.
About Sezzle Inc.
Sezzle is a rapidly growing fintech company on a mission to financially empower the next generation. Sezzle’s payment platform increases the purchasing power of millions of active consumers by offering interest-free payment plans in online stores and in stores.
This increase in consumer purchasing power leads to increased sales and basket size for the more than 40,000 active merchants who offer Sezzle.
For additional assets and news on Sezzle, please visit https://my.sezzle.com/news/
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by ‘use of words such as “believe”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “plan”, “probably”, “may”, ” should ”or other similar words or phrases matter. Likewise, statements that describe our business strategy, outlook, objectives, plans, intentions or goals are also forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding and advice we give regarding our anticipated operating or financial results, the launch or completion of strategic initiatives, including the proposed spin-off. of our LoyaltyOne segment, future declarations of dividends and future economic conditions, including, but not limited to, fluctuations in exchange rates, market conditions and the impacts of COVID-19 related to relief measures for affected borrowers and depositors, quarantine workforce shortages, reduced customer demand, supply chain disruption for our rewards providers and disruption in the airline or travel industries .
We believe our expectations are based on reasonable assumptions. Forward-looking statements, however, are subject to a number of risks and uncertainties which could cause actual results to differ materially from projections, anticipated results or other expectations expressed in this press release, and no guarantees can be made. be given that our expectations will turn out to have been correct. These risks and uncertainties include, but are not limited to, the factors set out in the Risk Factors section of our Annual Report on Form 10-K for the most recently ended financial year, which may be updated in Item 1A of, or elsewhere. in, our quarterly reports on Form 10-Q filed for periods subsequent to this Form 10-K. Our forward-looking statements speak only as of the date they were made, and we assume no obligation, other than as required by applicable law, to update or revise forward-looking statements, whether as a result of new information, subsequent, anticipated events or unforeseen or other circumstances.
Rachel Stultz – Media
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SOURCE Alliance Data Systems Corporation