Amount Announces Amount Pay
Fintech unveils plans for POS platform powered by industry-leading
fraud prevention and decisioning technology
CHICAGO-October 28, 2019
– Amount, a leading fintech company helping financial institutions
reinvent the retail experience, today announced Amount Pay, an installment
point-of-sale (POS) financing solution launching in Q1 2020.
Amount Pay employs Amount’s best-in-class decisioning engines to
support in-person and e-commerce applications for merchants, while using
Amount’s industry-leading account-opening platform, Amount 360, to automate
fraud prevention and verifications. The platform also includes Amount’s Partner
Portal, which enables bank partners and merchants to manage and monitor
POS program performance and gain insights through real-time reporting tools.
Additionally, merchant integration is a seamless process accomplished via API.
“We have always been
focused on enhancing digital products for our bank partners, and now we are
using the same technology to expand those partnerships into additional products
like point-of-sale,” said Adam Hughes, President & COO of Amount. “Amount
Pay unlocks POS for our partners and enables them to go head-to-head with other
leading fintech POS lenders while providing retailers with the credibility and
stability that goes along with working with an established financial
institution.”
Since its conception in
2016, Amount has grown rapidly with a portfolio of customers who collectively
manage close to $1T in US assets and service more than 30 million
customers.
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About Amount:
Amount is a
leading-edge technology company dedicated to creating and enhancing the digital
credit offerings of financial institutions. Built by lending industry
veterans, Amount’s multi-purpose lending products help partners go digital
in months—not years—with a scalable suite of proven product modules for credit
decisioning, fraud prevention, account verifications, servicing engines and CRM
solutions. Amount partners can optimize performance across product
categories by tapping into various service offerings including customer
acquisition, funnel and performance assessments, and risk consulting and
analytics. Amount clients include financial institutions collectively
managing close to $1T in US assets and servicing more than 25 million U.S.
customers. Visit www.amount.com for more information.
Media Contact:
Maria LaGiglio
Amount
312.610.9870