Amount Announces Amount Pay

Fintech Unveils Plans for POS Platform Powered by Industry-Leading Fraud Prevention and Decisioning Technology

Amount, a leading fintech company helping financial institutions reinvent the retail experience, 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.

Read More: Deloitte Blockchain Platform ‘Eduscrypt’ Uses QEDIT’s Privacy-Enhancing Technology

“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,” he added.

Read More: US Spending on Blockchain to Reach $4.2 Billion in 2022

Since its conception in 2016, the company has grown rapidly with a portfolio of customers who collectively manage close to $1T in US assets and serves more than 30 million customers.

The 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

Read More: 20 SaaS Companies to Watch out in 2020